Technip to Expand Its Subsea Umbilicals Facility in Angola

Technip confirms the expansion of its state-of-the-art Angoflex umbilical* manufacturing plant in Lobito, Angola to meet growing demand for longer length and larger diameter products on the West African market. Established in 2002, Angoflex is a joint venture between Technip and the Angolan national oil company Sonangol. On December 15, Bernard Di Tullio, Technip’s Chief Operating Officer, launched... 

Tag: e mail bernard di tullio, angoflex umbilical, dande spoolbase, subsea underground pipeline installation, scomi

Pan American Gold Corporation Announces Name Change and Share Consolidation

Pan American Gold Corporation announce that it has changed its name to Newcastle Resources Ltd. and has effected a share consolidation of its authorized and issued and outstanding shares on the basis of one (1) share for every thirty (30) shares held. The name change and share consolidation was effective with the Ministry of Government Services of Ontario on November 21, 2008. The Company will commence... 

Peabody Energy Enters Sales Agreement for Non-Strategic Interest in Australia Mine

Peabody Energy announced it has entered into a sales agreement for its 62.5 percent interest in the Baralaba Mine in Australia with Cockatoo Coal Limited. Peabody is receiving approximately US$33.6 million [A$52.5 million] for its interest in Baralaba, which has approximately 1.5 million tons of remaining reserves and produced approximately 330,000 tons of thermal and PCI coals in 2007. Baralaba’s... 

Tag: prairestateenergy

Technip Awarded Contract for Field Developments in the Dutch North Sea

Technip has been awarded by Wintershall Noordzee B.V. a lumpsum contract, to assist in the development of the E-18 and P-9 gas fields in the Dutch sector of the North Sea. The contract covers: * Assembly and installation of a 5.4 kilometer 10” rigid flowline (1) between the new E-18 platform and an existing platform, * Manufacture and installation of a 16.7 kilometer 8″ rigid flowline... 

Tag: skandi achiever location, conoco approved

Technip Awarded Two New Frame Agreements by BP for Subsea Oilfield Developments in Angola

Technip and its subsidiary Angoflex Ltda. have been awarded two new major frame agreements by BP Exploration Ltd. for oilfield developments in Angola, covering: * engineering, procurement and manufacture of flexible pipe, * engineering, procurement and manufacture of umbilicals(1) and associated equipment. These frame agreements are part of BP’s deepwater development programme in Angola.... 

Tag: technip santa cruz

Technip Awarded Umbilicals Contract in Norway

Technip announces that its wholly-owned subsidiary Duco Ltd. has been awarded by BP Norge AS a lumpsum EPC(1) contract, worth approximately € 20 million, for the Skarv field development. This field is located on the Norwegian continental shelf, in water depths ranging from 350 to 450 meters. The contract covers engineering, procurement, project management services and fabrication of two dynamic umbilicals(2)... 

Waratah Announces Completion of Stage 1 Infill Development Drilling Program at South Alpha

Waratah Coal announce that it has completed Stage 1 of a major infill drilling program designed to convert approximately 500 million tonnes of Inferred Resource to a Measured and Indicated status at its South Alpha Project (EPC 1040 and EPC 1079). Waratah Coal’s South Alpha Project has recently been announced as a “Significant Project” by the Queensland State Government. Waratah proposes... 

Castle Harlan Agrees to Sell AmeriCast for US$288 Million to Bradken

Castle Harlan, Inc., the New York private equity investment firm, announced that it had agreed to sell AmeriCast Technologies, Inc., a North American leader in the design and manufacture of large, complex steel castings, to Bradken Ltd., a leading publicly-traded Australian manufacturer of cast steel and other products, primarily for the mining and railroad industries, in a transaction valued at approximately... 

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Asia Coal-Prices rebound after 6 weeks of decline

Benchmark energy coal prices at Australia’s Newcastle port rose after six straight weeks of decline following contract settlement between Xstrata XTA.L and Japan’s Chubu Electric 9502.T. Thermal coal prices rose $5.83 from a week earlier to $125.42 a tonne, the globalCOAL’s NEWC weekly index showed in the week ended April 12, based on prices at Australia’s Newcastle port. After... 

Xstrata, Chubu agree 125% thermal coal price rise

Xstrata, the world’s largest thermal coal exporter, has settled thermal coal contracts with Japan’s Chubu Electric for the business year starting this month at $125 a tonne, up 125 percent, a source close to the deal said on Monday. The settlement price compares with last year’s $55.65, based on Xstrata Plc’s final settlement price with a group of Japanese utilities. The contracts...