Northrop Grumman awarded contract for LITENING Advanced Targeting Systems

Friday, Feb 01, 2008

ROLLING MEADOWS, Ill., Jan. 31, 2008 (PRIME NEWSWIRE) — Northrop Grumman Corporation (NYSE:NOC) has received a contract to deliver LITENING Advanced Targeting (AT) systems to the Finnish Air Force (FiAF) for its F-18 Mid-life Update 2 Program.
Under the terms of the $30 million contract, Northrop Grumman’s Defensive Systems Division will deliver 10 […]

USD 130 million drilling equipment contract to Aker Kvaerner

Friday, Feb 01, 2008

1 February 2008 - Aker Kvaerner has been awarded a drilling equipment contract by Daewoo Shipbuilding & Marine Engineering Co. Ltd (DSME) in Korea for an ultradeep drillship. The total contract value for Aker Kvaerner is approximately USD 130 million.  
The scope of work is to deliver a complete drilling equipment package […]

Expro installs subsea fibres

Friday, Feb 01, 2008

Expro has completed the first installation of its Tronic subsea fibre optic connectors on an oil and gas development.
The connectors have been installed for a BP pump project in the King field in the Gulf of Mexico to assist with increasing the recovery of oil. Connectors were supplied for the subsea umbilical termination […]

FMC Technologies to supply subsea systems for Gumusut-Kakap project offshore Malaysia

Friday, Feb 01, 2008

HOUSTON, Jan 31, 2008 (BUSINESS WIRE) — FMC Technologies, Inc. (NYSE:FTI) announced today that it has been awarded a contract by Sabah Shell Petroleum Company Limited for the supply of deepwater subsea systems for the Gumusut-Kakap project.
The Gumusut-Kakap project is located offshore East Malaysia, Sabah, Blocks J & K, in water depths […]

Foster Wheeler wins project management contract for new hydroprocessing complex in Russia

Friday, Feb 01, 2008

HAMILTON, Bermuda–Jan. 31, 2008–Foster Wheeler Ltd. (Nasdaq:FWLT) announced that its UK-headquartered subsidiary, Foster Wheeler Energy Limited, part of its Global Engineering and Construction Group, has been awarded a project management consultancy (PMC) contract by OJSC “Khabarovsk Oil Processing Refinery,” a 100% subsidiary of OJSC “Oil Company Alliance” (Alliance), for a new hydroprocessing […]

Allegiance says Zinifex offer does not stack up against other transactions

Friday, Feb 01, 2008

SYDNEY, Australia, Feb. 1 /PRNewswire-FirstCall/ — Allegiance Mining NL today repeated its advice to shareholders to reject the takeover offer by Zinifex, stating that the implied premium offered by Zinifex is significantly less than for recent transactions in the mining sector.
“Allegiance Directors have not accepted the $1.00 a share offer, nor has […]

BHP Billiton reduces power demand at aluminium smelters

Friday, Feb 01, 2008

On instruction from the South African government and electricity utility supplier Eskom, and in an effort to stabilise the power situation in South Africa, BHP Billiton has begun reducing power demand at the Hillside, Bayside and Mozal aluminium smelters by approximately 10 percent.
The three smelters have begun taking a certain number of […]

Fujitsu Siemens Computers reveals a green and sustainable future

Friday, Feb 01, 2008

MUNICH, Germany, January 31/PRNewswire/ –
- Company First to Offer Complete Product Range Balancing Business Performance With Environmental Care
Fujitsu Siemens Computers executives outlined the company’s strategic commitment to environmental sustainability in a podcast released today and available at http://www.prnewswire.com/mnr/fujitsu-siemens/31527/.
Bernd Bischoff, chief executive officer, said: “I’m proud we’re the first IT vendor with a […]

BP makes a significant deep gas discovery in Egypt’s Nile Delta

Friday, Feb 01, 2008

BP Egypt today announced that it has made a significant gas discovery at record depths in the Nile Delta
The Satis discovery is Located in the North El Burg Offshore, Nile Delta concession, some 50 kilometres north of Damietta. The well was drilled to a Nile Delta record depth of more than 6,500 […]

BP’s US$900 million Libya gas explorationd deal ratified

Friday, Feb 01, 2008

A $900 million-plus gas exploration deal for BP PLC (BP) in Libya has been ratified by lawmakers in the past few days and it comes into immediate effect, the head of the country’s oil policy said Thursday.
The “BP deal was ratified earlier this week, about two days ago and it goes immediately […]