Tag: project

Shell Malaysia plans to invest about 1 billion ringgit ($1=MYR3.80) in oil and gas exploration and production projects in 2002. The company will focus its efforts this year on continued exploration drilling in Block E, offshore Sarawak, and Block G, offshore Sabah.

Mexico's state-owned Petroleos Mexicanos (Pemex) plans to invest USD 14.7 billion in 2002 out of a total budget of USD 23.9 billion, the company's director has said.

Sudan and Slavneft have signed a USD 200 million oil and gas exploration deal, the first such contract with a Russian firm.

J&L Specialty Steel Inc. has appointed Joseph K. Kusic to the position of President and CEO, effective 1 February 2002.

Ascometal, France, has awarded a contract for the supply of an automation system for a 4-strand vertical bloom caster. The contract was awarded to the automation business area of Voest-Alpine Industrieanlagenbau (VAI).

Duke/Fluor Daniel (D/FD) has been awarded contracts by Duke Energy North America (DENA) to perform engineering, procurement and construction (EPC) services for three natural gas-fired, combined-cycle, merchant power generation facilities with a combined capacity of 2420mw.

Flint Hills Resources LP, Wichita, Kansas, will invest USD 145 million in upgrades to its 300,000 bpd refinery in Corpus Christi, Texas.

Ian Robson has joined Castings Technology International (Cti) in Sheffield as Project Manager.

Russian-Belarus oil firm Slavneft has said it would on January 15 sign a production sharing agreement with the Sudanese government on developing an oilfield in the African country.

The construction of a USD 1.5 billion subsea gas pipeline to export power to Spain and a viability study on the establishment of a trans-Mediterranean electricity export link to Italy are included in the Algerian Energy Company's (AEC) plans for a portfolio of power projects for which it is looking to raise USD 12.2 billion.