Company News

Evergreen Pacific Partners announced on September 12 that it has purchased a majority stake in PAC Stainless, LTD.

  Hal Kvisle has been named President and Chief Executive Officer for Talisman Energy. Kvisle is the former President and Chief Executive Officer of TransCanada Corporation and current director of Talisman Energy. Kvisle has more than 35 years of experience in domestic and international oil and gas, midstream and pipeline operations and has created substantial value for shareholders during his tenures at TransCanada Corporation and Fletcher Challenge Energy.

 Sumitomo Metal Industries, Ltd. has announced that it will make a capital investment in its U.S. subsidiary, Standard Steel, LLC.

DTE Energy, Enbridge Inc. and Spectra Energy Corp have announced the joint development of the NEXUS Gas Transmission system.

Boardwalk Pipeline Partners LP (BWP) and its general partner have agreed to acquire PL Midstream LLC from PL Logistics LLC for USD 625 million in cash.

Canadian nuclear regulators have issued a site preparation licence for proposed new reactors at the Darlington site in Ontario.

Queiroz Galvão Óleo e Gás (QGOG) and Sete Brasil signed charter and service agreements for three semisubmersible drilling rigs to be built at the BrasFels shipyard in Brazil.

Wison Offshore & Marine Ltd. And BPZ Energy have announced that the world's first buoyant tower drilling and production platform is en route to Corvina field offshore Peru.

Brazil leads the global production of biopolymers, an industry that generates fewer greenhouse gas emissions than fossil fuel-based plastic manufacture.

Plans for two new ethanol-based plastics plants in Brazil and a naphtha-based polypropylene plant that were set to break ground this year will be delayed by Braskem SA until 2013.