Middle East
GT wins order for polysilicon production equipment, technology in Saudi Arabia
GT Advanced Technologies has received a $47.7 million order for polysilicon production equipment and technology from Polysilicon Technology Co. (PTC), a company based in the Kingdom of Saudi Arabia. The new contract continues a technology agreement with PTC that was first signed in 2009.
Chemical M&A surging amid major US deals - PwC
Mega deals involving US-based companies in the global chemicals industry helped raise merger and acquisition (M&A) deal value to $16 billion in the third quarter of 2011, according to Chemical Compounds, a quarterly analysis of M&A activity in the global chemicals industry by consultancy PricewaterhouseCoopers (PwC).
Sasol picks Foster Wheeler for EPCm on gas-fired power plant in South Africa
Foster Wheeler says it has received an engineering, procurement and construction management (EPCm) services contract from Sasol for the outside battery limit (OBL) portion of a new gas-fired power generation plant at Sasolburg, South Africa.
BP reaches turning point in oil output, safety - CEO
As BP announced its third-quarter financial results on Tuesday, group CEO Bob Dudley put forther more details on BP’s future direction and strategic priorities, saying the company had reached a clear turning point in oil and gas production.
Hydrocarbon Processing forecasts 2012 global HPI spending to rise to $222 billion
Spending for the hydrocarbon processing industry is expected to exceed $222 billion next year, up 1.1% over 2011 spending, according to information released on Friday at Hydrocarbon Processing magazine's 38th annual HPI Forecast and Breakfast.
IEA secures energy alliances with India, Russia
Officials with India and Russia each signed deals this week with the International Energy Agency (IEA), pledging to strengthen bilateral co-operation in areas such as oil and gas security, energy efficiency and renewables, and overall dialogue.
Global motion control market improves amid strong semiconductors, automotive - study
The worldwide market for general motion control systems increased by a double-digit percentage since 2009, according to a new ARC Advisory Group study. Suppliers who endured as much as 50% declines in business during the downturn reported a tremendous rebound in shipments, the study says. This renewed growth, first felt in Asia, progressively extended to Europe and North America as well.
Fluor wins offshore engineering, design deal in UAE
Fluor was awarded a front-end engineering and design (FEED) contract by Abu Dhabi Marine Operating Co. (ADMA-OPCO) for new offshore facilities located at the Nasr Field about 30 kilometers northeast of Umm Shaif Super Complex in Abu Dhabi, United Arab Emirates (UAE).
PolyOne forms Middle East additives joint venture
Specialty polymer materials, services and solutions provider PolyOne has agreed to form a joint venture with E.A. Juffali & Brothers Co. that it says will enable the expansion of its global color, additives and inks business into the Middle East. The new joint venture will be 51% owned by PolyOne and will be based in Jeddah, Saudi Arabia.
Global flowmeter market surging in 2011 amid high energy business - study
The worldwide market for flowmeters declined in 2010 but is expected to strongly rebound in 2011, according to a new ARC Advisory Group study. Despite a challenging year, suppliers saw strong order taking in 2010, which bodes well for the market in the years ahead. Indeed, sales of major flowmeter technologies will move at brisk, above average rates as the market recovers in 2011 and 2012.
- Transition Industries signs agreements for the Pacifico Mexinol Project, an ultra-low carbon chemical production facility 7/3
- Bangkok Airways introduces SAF on commercial flights 7/3
- EcoCeres secures SAF contract with British Airways to help reduce carbon emissions 7/3
- Air Liquide to invest up to $200 MM in Louisiana, U.S. to support industrial growth 7/3
- MOL completes the acquisition of LBC Tank Terminals 7/3
- BHP awards charter contracts for two ammonia dual-fueled vessels 7/3
