Company News

Kinder Morgan Energy Partners, L.P. will acquire 100% Tennessee Gas Pipeline (TGP) and a 50% interest in El Paso Natural Gas (EPNG) pipeline from Kinder Morgan, Inc.

Technip was awarded by Ithaca Energy (UK) Ltd an EPIC subsea contract for the Greater Stella Area (GSA) development, located 280km East-Southeast of Aberdeen, Scotland at a water depth of approximately 90m.

GE announced the acquisition of PRESENS, a provider of pressure, temperature and flow measurement solutions. The acquisition expands GE’s portfolio of sensing solutions and will be part of the company’s Measurement & Control business within GE Oil & Gas.

A subsidiary of McDermott International Inc. has been awarded a contract for offshore facilities in the Gulf of Mexico, by the Discovery system.

  Seadrill has a commitment for contracts with an unnamed major oil company. The contracts will cover three drillships over 19 rig years with a possible value of USD$4 billion.

   Chicago Bridge & Iron has entered into a definitive agreement to acquire Shaw Group. Shaw Group is a Fortune 500 company, primarily servicing customers in the power generation and the government services sector.

Petrofac, the international oil & gas service provider, has been awarded two engineering, procurement and construction (EPC) contracts for Petro Rabigh's Phase II petrochemical expansion project.

Wärtsilä has been contracted to supply the ship designs for three new platform supply vessels (PSVs).

The Babcock & Wilcox Company (B&W)and FirstEnergy Corp. announced today that FirstEnergy and a B&W subsidiary, Generation mPower LLC (GmP), have signed a Memorandum of Understanding regarding studies on the potential deployment of the B&W mPowerTM small modular reactor in FirstEnergy’s service territory. FirstEnergy and GmP plan to work together to perform an independent financial review of mPower economics, evaluate several alternative potential sites for construction of B&W mPower plants, complete a preliminary pre-licensing analysis, and assess the need and timing for prospective deployment of B&W mPower plants in the FirstEnergy generation fleet.

Fluke Engenharia, an Acteon company, has won a new contract from Subsea 7 to fabricate 27 suction piles for use in the Guará–Lula field, which is part of the pre-salt cluster in the Santos basin, offshore Brazil. Fluke Engenharia will manufacture the products at its Macaé facilities and will deliver them over the course of 2012.