Foster Wheeler Ltd. announced that its subsidiary Foster Wheeler USA Corporation, part of its Global Engineering and Construction Group, has been awarded contracts by BP Products North America for the engineering, procurement and fabrication of a 102,000 barrels per stream day (bpsd) six-drum delayed coking unit and gas plant facilities at BP’s Whiting refinery in [...]
Cleveland-Cliffs Inc and Alpha Natural Resources, Inc. announced that each company’s Board of Directors has approved a definitive merger agreement under which Cleveland-Cliffs will acquire all outstanding shares of Alpha in a cash and stock transaction valued at approximately $10 billion.
Under the terms of the agreement, for each share of Alpha common stock, Alpha [...]
Seadrill is pleased to report the delivery of the ultra-deepwater drillship West Polaris from Samsung Heavy Industries. The drillship will leave Korean waters tomorrow after completing fuelling and some general mobilisation activities en route to its first drilling assignment for Exxon in Brazil. West Polaris was delivered 10 days after original contract schedule with a [...]
Alcoa Inc. announced that it has reviewed Alcan’s continuity agreement with the Government of Quebec which identifies the requirements that Alcoa must meet regarding Alcan’s future operations in the Province in order to maintain certain of Alcan’s hydroelectric and water rights. In a letter to Alcan’s Board of Directors, Alcoa outlined the many ways in [...]
The owners of a large Dominican Republic nickel mine will consider refining oil to sell in this energy-starved Caribbean country, an Xstrata Nickel company spokesman said Wednesday.
The company will hire a consultant to look into expanding an in-house oil refinery that services the former Falconbridge mine, some 80 kilometers (50 miles) north of Santo Domingo, [...]
JACKSON - The Jackson Hole Chamber of Commerce says it opposes oil and gas development in the Bridger-Teton National Forest.
The chamber on Wednesday wrote to forest Supervisor Kniffy Hamilton stating that energy development on forest lands would hurt recreation and the regional economy.
More than half of the 3.4 million acre forest is open to [...]
The union representing Xstrata Plc nickel mine, mill and smelter workers in Canada said talks to avert a Feb. 1 strike will likely resume today for the first time since the union rejected a company offer Jan. 25.
Negotiations have been on hold as Xstrata reviewed the union’s counteroffer over the weekend and delayed the scheduled [...]
Nickel rose to a record for an eighth consecutive session in London, heading for a second weekly gain, after Xstrata Plc rejected an offer from a labor union at a Canadian unit that accounts for 4 percent of global supply.
The metal used in stainless steel advanced on speculation that Zug, Switzerland-based Xstrata may not reach [...]
Xstrata Plc rejected an offer from a labor union at its Sudbury nickel unit in Canada and withdrew an earlier proposal to end a dispute, threatening to halt production as the metal traded at a record.
Both sides will have to renegotiate from scratch to establish a labor agreement, Richard Paquin, chairman of the Canadian Auto [...]
The release of a report blaming lightning as the cause of last January’s Sago Mine explosion has been delayed.
West Virginia state investigators are holding off on releasing the report about the blast that killed 12 miners “in deference to the requests and needs of the family members for additional information,” said Gov. Joe Manchin.
Manchin attended [...]
