Microsoft is ready to oust Yahoo! board to achieve swift takeover

Monday, Feb 04, 2008

Microsoft is threatening to launch a boardroom coup at Yahoo! within six weeks if the internet search engine fails to either accept its $45 billion (£23 billion) hostile takeover proposal or to start serious merger talks, The Times has learnt.
The plan to oust Yahoo! executives came as it emerged that the search […]

Telecom Egypt awards Alcatel-Lucent new submarine cable contract worth US$125 million

Monday, Feb 04, 2008

Telecom Egypt (TE), the incumbent telecom operator in Egypt, and Alcatel-Lucent (search for Alcatel-Lucent) today announced they have signed a $125 million contract to deploy a new submarine cable network linking Sidi Kerir in Egypt to Marseille in France. Named TE North, the project will enable Telecom Egypt to expand international connectivity, […]

BHP Billiton approves funding for accelerated growth at Western Australia Iron Ore

Monday, Feb 04, 2008

BHP Billiton today announced approval for US$1.094 billion (BHP Billiton share US$930M)(1) of capital expenditure to underpin accelerated growth of our WAIO business. This amount represents pre approval expenditure for Rapid Growth Project 5 (RGP5). RGP5 is expected to increase WAIO’s installed capacity to more than 200 million tonnes per annum (Mtpa) […]

PetroChina’s first LyondellBasell license for Spherizone technology

Monday, Feb 04, 2008

PetroChina Daqing Refining & Chemical Company has selected LyondellBasell Industries’ Spherizone process technology for a new 300,000 tpa polypropylene plant to be built at Daqing, Heilongjiang Province in the People’s Republic of China. Start up is planned for 2010. This is PetroChina’s ninth polyolefin license from in this decade, and the first […]

Ineos declares force majeure for ethylene and propylene from Grangemouth

Monday, Feb 04, 2008

Ineos Polyolefins has declared force majeure for ethylene and propylene from its G4 cracker at Grangemouth, Scotland. Effect of the force majeure on PP and LLDPE production at the site are still not known. The estimated downtime of the cracker is still unknown.
For more INEOS press releases got to www.yourpetrochemicalnews.com

Keppel wins contract for first U.S. Gulf FPSO

Monday, Feb 04, 2008

Keppel Shipyard Limited (Keppel Shipyard), a wholly-owned subsidiary of Keppel Offshore & Marine Limited (Keppel O&M), has secured contracts worth over US$151 million for Floating Production Storage Offloading (FPSO) conversions.
These include the first U.S. Gulf of Mexico FPSO for BW Offshore and conversion of a tanker for Maersk Contractors
BW Pioneer Ltd, an […]

Sinochem buys Soco’s Yemen assets for US$465 million

Monday, Feb 04, 2008

Chinese state-owned oil trader Sinochem has bought Soco International’s stake in a Yemen oil field for $465m, reported Reuters. Soco said in a statement it was selling to reinvest in exploration while Sinochem’s purchase follows a trend of Chinese and Indian state-owned oil companies buying oil and gas fields overseas to secure […]

Latest Subsea News

At www.yoursubseanews.com we provide you the latest subsea news for the industry from across the world.  All the leading companies within the industry send us the news as it breaks and we are provided the news direct from the source.   Below you will find news we have released in the last 3 days and includes stories […]