Dresser-Rand Announces Plan to Acquire Grupo Guascor S.L. (“GG”)

Dresser-Rand Group Inc., a global supplier of high-speed rotating equipment and service solutions, announced today that it has signed a Share Purchase Agreement (“SPA”) to acquire Grupo Guascor S.L. (“GG”) for an enterprise value of euro 500 million ($690 million) in a cash and stock transaction. The enterprise value includes... 

Foster Wheeler to Supply Heat Recovery Steam Generator in Spain

Foster Wheeler Ltd. announced that a subsidiary of its Global Power Group has been awarded a contract for a heat recovery steam generator (HRSG) by UTE IBERESE-SOMAGUE — a business alliance formed between Iberese and the constructor, Somague, a Portuguese subsidiary of the Spanish construction group Sacyr Vallehermoso. The boiler will be integrated... 

Atlas Copco to Supply Worlds First Floating LNG Plant

Atlas Copco has won a multi-million USD contract to supply six turboexpander compressors for a new type of application related to liquefied natural gas (LNG). The customer, Norway-based KANFA Aragon A.S., part of the Sevan Marine Group, will use the equipment for the world’s first floating natural gas liquefaction plant. Installed aboard a so-called... 

Foster Wheeler Announces Proposed Redomestication from Bermuda to Switzerland

Foster Wheeler Ltd. announced that its board of directors has unanimously approved the redomestication of the company from Bermuda to Switzerland. Foster Wheeler’s shareholders will be asked to vote in favor of the proposal at a shareholders meeting expected to be scheduled for January 2009. If approved by shareholders, and subject to the approval... 

Students Enjoy the Benefits of Leading Energy-Efficient School

After major renovations to update a 30 year-old school building, students in the Daniel Boone Area School District now attend one of Pennsylvania’s leading energy efficient school buildings, the Daniel Boone High School Annex. The school district integrated environmentally sound design techniques using the Pennsylvania’s Guaranteed Energy... 

Texas School District Remedies Soaring Energy Costs and Aging Infrastructure, Receives Award for Becoming Leader in Energy Efficient Learning Environments

Ferris Independent School District recently completed renovations aimed at increasing energy efficiency and indoor air quality while creating a high-performance learning environment at Ferris Junior High School, Ferris Intermediate School, the Ingram and McDonald Elementary Schools and the district maintenance facility. Additionally, the district built... 

ConocoPhillips and CleanFUEL USA Launch Program to Increase Propane Fueling Sites

CleanFUEL USA and ConocoPhillips have signed a three-year agreement to advance propane infrastructure for the U.S. transportation fuel industry. Under the agreement, the two companies will provide resources to install and supply propane fuel pumps for commercial fleet fuel users. Propane fueling stations will be installed not only at fleet owner sites,... 

Foster Wheeler Awarded Contract for New Refinery in Libya

Foster Wheeler Ltd. announced that its Milan-based subsidiary Foster Wheeler Italiana S.p.A., part of its Global Engineering and Construction Group, has been awarded a contract by Zwara Oil Refinery Company Limited (ZORCO) for consultancy and project management services for a planned new 200,000 barrels per stream day crude oil refinery at Mellita,... 

Foster Wheeler Awarded Coal-to-Liquids Feasibility Study in China

Foster Wheeler Ltd. announced that its subsidiaries, Foster Wheeler Energy Limited and Foster Wheeler International Engineering & Consulting (Shanghai) Co. Ltd., together with its consortium partner, Wuhuan Engineering Company, have been awarded contracts by Sasol Synfuels International (Proprietary) Limited (Sasol) and Shenhua Ningxia Coal Industry... 

Trane Advances Green Communities with Platinum Sponsorship of Greenbuild 2008

Trane, a leading global provider of indoor comfort systems and services for homes and commercial buildings, will be prominently represented in Boston as the city welcomes the U.S. Green Building Council’s 2008 Greenbuild International Conference and Expo on Nov.19-21 in the Boston Convention and Expo Center (BCEC). As a platinum sponsor for the...