BASF posts solid earnings in a difficult business environment

Friday, Feb 27, 2009

Full year 2008: Sales plus 8 percent, income from operations before special items minus
10 percent

Significant decline in global economy impairs fourth-quarter earnings
Restructuring and efficiency programs accelerated
Outlook 2009: BASF expects a decline in sales compared with 2008 and an even greater decline in income from operations
Ambitious goals to earn cost of capital and […]

RF Glavgosekspertiza Approved Yuzhno-Priobsky Gas Processing Plant Project

Friday, Feb 27, 2009

Federal Institution, Central State Expertise Department approved the project documentation for Yuzhno-Priobsky gas processing plant and pipeline to be constructed for the production and transportation of residue gas to the gas transportation system.The project stakeholders made a decision to start the pipeline construction in the nearest future. Until Yuzhno-Priobsky gas processing plant […]

Gazprom inaugurates Research Center for Reservoir Systems and first phase of corporate core storage facility

Friday, Feb 27, 2009

The settlement of Razvilka, Moscow Oblast saw the inauguration of the Research Center for Reservoir Systems and the first phase of the corporate core storage facility located on the territory of the Experimental and Prototype Base of VNIIGAZ.

Air Products strikes gold

Friday, Feb 27, 2009

Air Products announced today that it signed a contract to build an Air Separation Unit (ASU) to Lihir Gold Ltd, in Papua New Guinea. The plant is situated 900km from Port Moresby, capital of Papua New Guinea.The ASU will produce 1,700 tonnes per day of oxygen, almost doubling the total oxygen production […]

JFE Steel and Rasselstein Reach Technical Cooperation Agreement

Friday, Feb 27, 2009

JFE Steel Corporation and Rasselstein GmbH in Andernach, a subsidiary of ThyssenKrupp Steel AG and Germany’s sole manufacturer of tinplate, have signed a Cooperation Agreement regarding steel used for cans and other packaging.

Future Combat Systems Program Completes Integrated Mission Test-1

Friday, Feb 27, 2009

Boeing [NYSE: BA] and Science Applications International Corp. [NYSE: SAI], together the Lead Systems Integrator for the U.S. Army’s Future Combat Systems (FCS) program, have successfully completed Integrated Mission Test-1 (IMT-1), verifying that the integration of FCS systems and Battle Command software is proceeding as planned.The test, conducted in January at the […]

Lockheed Martin Unveils Exoskeleton Technology at AUSA Winter Symposium

Friday, Feb 27, 2009

Lockheed Martin [NYSE: LMT] debuted an advanced robotic exoskeleton designed to augment Soldiers’ strength and endurance and prevent their premature fatigue.

Neptune well placed following record $15.6m profit result

Friday, Feb 27, 2009

Revenue: $95 million (1H08: $31.7m)

Reported net profit after tax: $12.9m (1H08: $0.8m; 2H08: $6.6m)
Normalised NPAT: $15.6m (1H08: $2.2m; 2H08: $8.1m)
EBITDA: $24.1m
Operating cashflow strong at $6.4m
Well funded and low gearing with net debt/equity of 17.2%
Completed acquisition of Access Management (WA) Pty Ltd
Completed purchase of 70.05m Neptune Trident offshore support vessel
Signed LOI for the […]

UK brings subsea solutions to the US market

Friday, Feb 27, 2009

A delegation of UK subsea companies will head to Texas next month to showcase their skills and expertise at a major two day exhibition and seminar.

BG Group final offer for Pure at $8.25, subject to acquiring 90% interest

Friday, Feb 27, 2009

BG Group (”BG Group” - LSE: BG-L) today announced that it will increase its recommended all cash takeover offer for Pure Energy Resources Limited (”Pure” - ASX: PES) from $8.00 to $8.25 per share, on condition that BG Group has acquired a relevant interest in 90% of Pure’s ordinary share capital by […]