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.

PetroVietnam studies building refinery

State-owned Vietnam Oil and Gas Corp, known as PetroVietnam, has signed with Mitsubishi and JGC Corp to conduct a feasibility study on a second refinery located 125km south of Hanoi.

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.

AES to build Bulgaria plant

US-based AES Corp., a major investor in Bulgaria's energy sector, is planning to start building a USD 850-million, 670mw lignite coal-fired plant in Bulgaria in May 2002.

Intel boosts capacity

Intel Corporation today announced the opening of its newest dedicated high-volume microprocessor manufacturing facility using the company's advanced 0.13 micron process.

Bethlehem files for bankruptcy

Bethlehem Steel Corp., the nation's second-largest integrated steel manufacturer, has filed a voluntary petition under Chapter 11 of the Federal Bankruptcy Code in the US Bankruptcy Court for the Southern District of New York.

Dow to shut one plant and build another

Dow Chemical Co. will build one facility and close another, cutting 90 jobs by 2005 in the process.