Uncategorized

Bluewater (UK) Ltd has awarded Coflexip Stena Offshore International (CSOI), a business unit of Coflexip Stena Offshore, Paris, a contract for the design and supply of certain subsea system components and related services for the development of Sable field, in the Bredasdorp basin off South Africa.

Boeing Satellite Systems (BSS) is expanding and remodelling its one-million-square-foot satellite factory to accommodate new business and the transfer of satellite manufacturing from other parts of Boeing.

Norsk Hydro, the Norwegian energy and offshore group, has signed a letter of intent with Selmer Skanska, the Norwegian subsidiary of Skanska, the Swedish construction group.

Allegheny Ludlum, an Allegheny Technologies company will increase transaction prices by approximately 5–7% by reducing discounts three percentage points on 200, 300 and 400 series grades (except Type 409) of cold-rolled stainless steel sheet and strip products.

BuyStainlessOnline Inc. Bensalem (Pennsylavania, USA) will co-operate with Action Steel Supply of Indianapolis on a joint-venture website to sell small quantities of high-margin metals online.

Allvac, an Allegheny Technologies Incorporated company, has announced price increases ranging from 5% to 12% on titanium and titanium alloy mill products, effective immediately.

LTV Copperweld has announced the promotion of three executives to head the principal units of its Tubular Products Group.

German chemical company Bayer will invest about DEM 7 billion to set up a chemical base in Shanghai.

Gulf Drilling & Petroleum Services (GDPS), a subsidiary of Arabian International Petroleum Corporation (AIPC) of Qatar, has purchased 90% of ITAG’s shares.

Mr H.A.D. van den Boogaard, vice chairman of the Board of Management of Stork NV, has opted to use early retirement, and will relinquish responsibilities as vice chairman as of 1 September 2001.