Tierra del Fuego gas fields
TotalFinaElf SA plans to develop Carina and Aries gas fields off Tierra del Fuego in Argentina at a cost of USD 400 million.
Indonesian pulp plant
A consortium of investors from eight countries plans to invest USD 1.2 billion in a pulp factory in South Kalimantan.
Nippon Steel and Timet to co-operate
Nippon Steel Corp. and Titanium Metals Corp. (Timet) have reached an agreement to mutually co-operate in the market development and sale of titanium alloy for automobile suspension springs in Japan.
New stainless facility for Baosteel
Baoshan Iron & Steel (Baosteel) plans to build a new stainless steel works with three continuous casters.
Halliburton and DSND to form new subsea company
Halliburton Subsea, Dallas, a business unit of Halliburton's energy services group, and Norwegian-based DSND Subsea ASA have signed a letter of intent to combine their subsea interests in upstream oil and gas.