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Chevron Corp. and Texaco Inc. have confirmed that the US Federal Trade Commission (FTC) has approved a consent order that will allow the two companies to complete their previously announced merger.

Allied Business Intelligence Inc. (ABI), a specialist in fuel cell market research, will bring together first-tier players in the portable, stationary and automotive fuel cell markets at its upcoming conference, "Fuel Cell Dynamics 2001: Reality, Not Hype."

Conoco Inc. has awarded two engineering, procurement, construction and installation (EPCI) contracts for the USD 1.6 billion Belanak offshore natural gas development.

Sandvik has signed an agreement with the principal owners of Walter AG covering the acquisition of shares resulting in a controlling interest in the company.

Tecnimont, the Engineering and Construction Company of Montedison Group, has signed in Moscow, with AK Sibur, a Russian Company controlled by Gazprom, a contract covering the grant of licence and the supply of engineering, materials and equipment as well as technical assistance for the implementation at Kstovo (Nizhniy Novgorod) of a 120,000 tpy High Density Polyethylene Plant.

Chevron Corp. has announced plans to move its headquarters from San Francisico to San Ramon, California, where its Chevron Park campus (and other nearby buildings at Bishop Ranch) already houses most of its Bay Area-based operations and some 3500 employees.

International Fuel Cells, a unit of United Technologies Corp., has announced the sale of a fuel cell system that will power a recreational centre in Woking, England, and be the first commercial fuel cell operating in the United Kingdom.

Siemens is negotiating the supply of two gas-powered and one-steam powered turbine to each of two thermoelectric power plants, one in Araraquara in Sao Paulo and one in Vitoria, Espirito Santo, at a total cost of R$260mil.

China Petroleum and Chemical Corp (Sinopec) have signed a contract with a British firm yesterday to build a petrochemicals complex that is expected to be the largest of its kind in Asia when it comes on stream in 2005.

The Lakewood Planning Board has approved the construction of a 500mw peaking power plant in the Lakewood Industrial Park.