Sony and cable firms agree on built in digital cable solution

Friday, May 30, 2008

Electronics giant Sony and cable companies have reached an agreement to develop a more convenient way of receiving digital cable channels. The effort will allegedly result in the integration of all necessary technology from the user side inside TV sets.

Rio Tinto boosts iron ore and copper resources in Africa and Peru

Friday, May 30, 2008

Rio Tinto Group, fending off a $176 billion takeover from BHP Billiton Ltd., expanded iron ore and copper resources as the company seeks to meet world demand for metals that it projects will double by 2022.

Toshiba expects 33 reactor orders by 2015

Friday, May 30, 2008

Japan’s Toshiba Corporation expects orders for at least 33 nuclear power reactors by 2015, and plans to expand all its nuclear businesses over the period to 2020, according to the company’s president.

ExxonMobil selects URS to provide EPC management for natural gas treatment facility

Friday, May 30, 2008
URS Corporation (NYSE: URS) today announced that the Company has been awarded a contract by ExxonMobil to provide detailed engineering, procurement and construction management services for a commercial demonstration plant that will use ExxonMobil’s Controlled Freeze Zone(TM) (CFZ(TM)) technology. CFZ(TM) seeks to expand the use of carbon capture and storage by reducing […]

Origin Energy rejects BG’s US$13 billion takeover offer

Friday, May 30, 2008

Origin Energy Ltd., Australia’s biggest producer of natural gas from coal seams, rejected a higher, A$13.6 billion ($13 billion) takeover offer from BG Group Plc, citing the increased value of its reserves.

KBR gets US$275 million contract from North West Upgrading

Friday, May 30, 2008

Military and engineering contractor KBR Inc. said Wednesday it has received a $275 million construction and fabrication contract from North West Upgrading, a Calgary-based, privately owned company which is building an independent, heavy oil upgrader.The project is expected to last about 30 months and will peak with roughly 450 personnel.

BASF to raise prices for Polystyrene in Europe

Friday, May 30, 2008

As of June 1, 2008, BASF will raise its gross market price (GMP) for Polystyrene by €100 per metric ton.

Petrobras plans high output refinery

Friday, May 30, 2008

Brazilian oil company Petrobras has confirmed plans to build a fourth new refinery in addition to two refineries and a petrochemical complex already in the pipeline. Petrobas is conducting studies to build the oil processing plant with a capacity above the average of its existing 11 plants- a 600,000 bpd premium refinery.

Technip wins Norwegian wind turbine work

Friday, May 30, 2008

Technip has been awarded an engineering, procurement, construction and installation (EPCI) contract by StatoilHydro for the Hywind project substructure, which will be located offshore Karmøy, Norway, at a water depth of 200-220m.

GE Energy signs contracts for more than half-billion dollars to support projects in Saudi Arabia

Friday, May 30, 2008

GE Energy has signed contracts totaling more than $500 million to supply gas turbines and generators for power plant projects owned by Saudi Electricity Company (SEC).