Company News

Cashco, Inc. has announced that Laura Rathbun has been promoted to Purchasing Manager for the company, where she will be responsible for the purchase of raw materials and components used in the manufacturing of the diversified Cashco product lines.

Chevron Corporation has announced a $36.7 billion capital and exploratory investment program for 2013. "Consistent with long-stated strategies, we're investing in a portfolio of very attractive oil and gas projects that will deliver volume growth and real value to our stockholders," said Chairman and CEO, John Watson.

Foster Wheeler AG has acquired Three Streams Engineering, Ltd., a privately held engineering company located in Calgary, Alberta, Canada. “The acquisition of Three Streams is part of our stated strategy to grow the upstream capabilities and the geographic footprint of our Global Engineering and Construction Group,” said Chief Executive Officer of Foster Wheeler AG, Kent Masters.

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.