Company News

Raytheon Professional Services LLC (RPS), a subsidiary of Raytheon Company, announced that Michael Ross, a graduate of the automotive apprenticeship program run by RPS for Vauxhall Motors, was recognized for his outstanding achievements in the IMI Awards, the U.K.

A Victorian company has won a USD 21 million construction contract for the Wheatstone LNG project in Western Australia, and become the first Australian firm recognized as a certified global supplier of electrical equipment to international energy giant Chevron.

Excelerate Energy of USA has entered into a shipbuilding option agreement with Daewoo Shipbuilding and Marine Engineering (DSME) for the delivery of up to eight Floating Storage and Regasification Units (FSRUs) between early 2015 and early 2017. The agreement affords Excelerate, the world’s largest operator of regasification vessels and developer of LNG import solutions, the ability to increase its fleet of nine FSRUs as global demand for LNG import solutions continues to expand rapidly.

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.

  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.

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

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.