Company News

BP has sold a number of its oil and gas fields in the deepwater U.S. Gulf of Mexico to Plains Exploration & Production Company (PXP).

Marathon Oil Corporation has announced a $5.2 billion capital, investment and exploration budget for 2013. About $1.9 billion, of which is targeted to the Eagle Ford shale play in Texas.

Precision Castparts Corp. has acquired Synchronous Aerospace Group, a leading build-to-print supplier of highly complex mechanical assemblies for commercial aerospace and defense markets. Synchronous manufactures such mechanical assemblies as high-lift mechanisms and secondary flight controls, as well as structural components, including wing ribs, bulkheads, and track and beam assemblies.

BASF has completed the acquisition of Becker Underwood from Norwest Equity Partners, a U.S.-based private equity investment company, for a purchase price of US$1.02 billion.

Exelon has completed the sale of three Maryland coal-fired power plants to Raven Power Holdings LLC, a portfolio company of Riverstone Holdings LLC.

ADA-ES, Inc has signed a contract to supply activated carbon injection (ACI) systems for a fleet of coal-fired generating plants that are owned and operated by a major U.S.

Curtiss-Wright Corporation has acquired Cimarron Energy Inc., through the acquisition of its parent company Cimarron Energy Holding Company LLC, for approximately USD$135.1 million.

 The first of three Siemens' H-Class gas turbines has gone online successfully at Florida Power & Light Company's (FPL) Cape Canaveral Next Generation Clean Energy Center in Port St.

TPCO America Corporation, located in Corpus Christi, Texas, has contracted SMS Meer, Germany for the supply of a new 10 ¾” tube mill with PQF® rolling technology.

Voith has secured a new major contract for the Alto Maipo hydro power project in Chile. The facility, located in Santiago, is the largest hydro power project in Chile’s history.