Nippon Steel Wins Offshore Engineering Contract in Gulf of Thailand

Southeast Asia-based upstream energy firm, KrisEnergy Ltd, has announced today the Engineering, Procurement, Construction, Installation and Commissioning (EPCIC) contract for the Nong Yao field has been awarded to Nippon Steel and Sumikin Engineering Co. Ltd. Located in 75 meters of water 165 kilometers offshore in the southern Gulf of Thailand, the Nong Yao field is jointly … [Read more...]

Mubadala, Trafigura Win Control Of Batista Port In $996 Million Deal

By Guillermo Parra-Bernal SAO PAULO, Oct 15 (Reuters) - Brazilian businessman Eike Batista ceded control of an iron ore port to Dutch energy firm Trafigura Beheer BV and an Abu Dhabi sovereign wealth fund in a $996 million deal that takes debt off his hands and secures new investment for the port. The former billionaire's latest effort to stave off the collapse of his … [Read more...]