Shell has a significant new oil discovery in eastern Gulf of Mexico
Shell announced a significant new oil discovery in the deepwater eastern Gulf of Mexico, adding to discoveries in the area from 2009. The discovery is located at the Appomattox prospect in 2,200 metres (7,217 feet) of ...
RFMD achieves Milestone in Commercialization of High-Performance Photovoltaic Cells
F Micro Devices, Inc. today announced it has successfully manufactured the industry's first photovoltaic cell using high-volume six-inch gallium arsenide (GaAs) machinery. The photovoltaic (PV) cell was manufactured in RFMD's existing high-volume, six-inch GaAs wafer ...
EBRD €150 million sovereign loan to build gas storage in Serbia
The EBRD Board of Directors has approved a €150 million sovereign loan to Serbijagas, a state-owned Serbian company responsible for the transmission, storage, distribution and trade of natural gas, to finance the upgrade of the ...
Seadrill secures letter of intent for jack-up rig West Epsilon
Seadrill has received a letter of intent from Statoil for the harsh environment, heavy duty jack-up drilling rig West Epsilon on the Norwegian Continental Shelf. The letter of intent represents a four-year contract with an ...
Russian Metals and Mining Giants Lobby for Massive Merger
Severely weakened by the economic crisis, Russia's top metals producers are embracing a proposal to merge into one massive company. The merger, which is subject to state approval, would make the industry less vulnerable to ...
ArcelorMittal plans rebar JV in Northern Iraq
ArcelorMittal announces it has signed a memorandum of understanding to establish a joint venture with Turkish partner Dayen to build a steel mini-mill with electric furnace in Sulaimaniyah in Northern Iraq. The mill would produce in ...
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