Friday, November, 16, 2018 03:01:30

Contribution By Akshay Kedari


OMCs and CSC SPV sign MoU to provide LPG services in remote areas

Reports confirm that CSC e-Governance Services India Limited and Oil Marketing Companies (IOCL, HPCL & BPCL) have signed a Memorandum of Understanding (MoU) aimed at collaborating for LPG services. The MoU was inked in the presence of Minister of Petroleum and Natural Gas Dharmendra Pradhan …

Aerospace firm HEICO Corporation buys Specialty Silicone Products

Florida-based aerospace and electronics firm HEICO Corporation has reportedly announced to have purchased Specialty Silicone Products, Inc., through its subsidiary Electronic Technologies Group in an all cash deal. As per trusted sources, HEICO anticipates that the latest takeover would be valuable for the company and …

Canada’s Hudbay Minerals to acquire mining firm Mason Resources

Canadian mining corporation, Hudbay Minerals Inc. has reportedly signed an ‘Arrangement Agreement’ with mining firm, Mason Resources Corp., under which it will acquire Mason’s remaining 86% issued and outstanding common shares. Sources close to the deal state that Mason’s shareholders will receive $0.40 in cash …

TechnipFMC signs $1bn contract for expanding MIDOR’s refinery in Egypt

TechnipFMC, which provides complete project lifecycle services for the energy segment, has recently won a contract for modernizing and expanding Middle East Oil Refinery’s (MIDOR’s) complex near Alexandria, Egypt. MIDOR, established in 1994, refines crude oil and produces high-quality petroleum products for domestic and international …