The Magnolia Power Project (MPP) will apply for certification to the California Energy Commission to begin the state licensing process for a 240mw electric generating unit to be constructed at Burbank Water and Power's (BWP) existing generating station complex in Burbank.
Norsk Hydro is to invest more than NOK 1 billion on exploring for oil off the coast of the West African nation of Angola.
Nucor Corp. plans to boost production to more than 20 million tons in the coming years through acquisitions and greenfield plant projects, Chief Executive Officer Daniel DiMicco has said.
Kvaerner Oilfield Products has been awarded a USD 28 million contract from ABB Offshore Systems Inc. in Houston to manufacture and supply electro-hydraulic steel tube umbilicals and gas lift risers for the Bonga Project offshore Nigeria.
Phillips Petroleum Company has selected Fluor Corporation Offshore Services Division to provide engineering services for the Bohai Bay Peng Lai 19-3 Phase II Development Project in the People's Republic of China.
BP Amoco and its partners will spend billions of dollars on the construction of two huge natural gas and oil-drilling projects in the Caspian Sea.