Solent & Pratt wins Kristin contract
Solent & Pratt (Brecksville, Ohio, USA) has been awarded a contract by Statoil of Norway to provide high performance butterfly valves and actuators for the Kristin Offshore Platform Project engineered and constructed by Aker-Kvearner of Oslo, Norway.
Saudis gas deal close
Saudi Arabian Foreign Minister Prince Saud al-Faisal has said the kingdom expects to begin final negotiations with Shell and ExxonMobil on an estimated USD 12 billion gas investment at the end of this month after receiving what he said were positive responses from the two consortia led by the two oil majors.
Italy’s Edison unit wins Chinese deal
Italy's second-biggest energy group Edison has announced that its engineering and construction unit Tecnimont has won a USD 220 million deal to build a polyolefin complex, part of China's huge petrochemical project.
Osaka Gas investment
Osaka Gas Co. will invest 313.5 billion yen (USD 2.66 billion) in capital investment over three years starting in fiscal 2003, with particular emphasis on growth sectors, including electric power generation.
Japanese invest in Iran
Japan's National Oil Corp. is to invest in and provide a guarantee for a Japanese group's share in the development of the offshore Soroush and Nowrooz oilfields in Iran.