Stainless price stability
Throughout 2001 and for all this year, stainless steel selling prices in the EU were reasonably steady, according to an article in the August issue of Stainless Steel Review
North Sea treaty
A treaty between the UK and Norway that will pave the way to a USD 2 billion worth of additional North Sea oil and gas investment by 2010 is expected to be signed early next year.
LNG in southern China
Chinese state-owned China National Offshore Oil Corp and the Fujian government have inked an agreement on the principles of co-operation of integrated development of LNG imports and gas market in this south China province.
Record-depth TLP
Dril-Quip Inc. has won a USD 24 million contract from Conoco to provide eight Production Riser Systems for the Conoco-operated Magnolia Field Tension Leg Platform (TLP) which will be installed in approximately 4700 feet of water in the Gulf of Mexico, a record depth for this type of floating structure.
Turbine technology for Iran
Alstom is to supply gas turbine equipment and services to provide 900 MW of electric power to the Bandar Abase region in Iran.