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SNC-Lavalin announces contract with Petroleos de Venezuela

Canadian engineering group SNC-Lavalin has signed a project management contract with Petroleos de Venezuela SA (PDVSA) for the Delta Caribe Oriental Project, valued at C$133 mil

China and Brazil act to defend against future crises

China and Brazil have put the finishing touches to a currency swap deal designed to safeguard against future global financial crises.

ABB to acquire US solar energy company

Engineering firm ABB has announced it will purchase California based solar energy firm Power-One for $1 billion

OPEC oil output rises in August

Crude oil output from the Organization of Petroleum Exporting Countries (OPEC) climbed by 90,000 barrels per day in August.

Goldcorp signs agreement with local communities

Low-cost gold producer Goldcorp today signed a collaboration agreement with local communities in northern Quebec regarding the development and operation of its Eléonore gold pro

African billionaire unveils ambitious plan for NigeriaÔÇÖs oil sector

Aliko Dangote, Africa’s wealthiest man, has signed a multi-billion dollar deal to finance the building of an oil refinery in Nigeria

Western Coal and Walter Energy discuss possible business combination

Just a week after declaring record results for its second quarter, Western Coal is back in the news after an approach from Walter Energy, Inc, a US producer and exporter of hard

Rio Tinto to spend US$4.2 billion on iron ore expansion

Rio Tinto has announced it is committing US$4.2 billion to developing its tier one iron ore business.

First oil to flow in Ghana

The West African nation of Ghana is due to pump its first oil today following the discovery of the offshore Jubilee Field three years ago.

GM invests in powertrain plants

General Motors is to invest $129 million in powertrain plants in Ohio, Indiana and Michigan as part of a $2 billion investment program in 17 facilities in eight states over the

GM to build billion dollar plant in China

General Motors (GM) has won approval to build a plant in China to make Cadillac cars

2011 inductees named by National Inventors Hall of Fame

The National Inventors Hall of Fame announced its 2011 inductees today, recognizing the inventors of the sensor that enables cameras in cell phones, and the Universal Product Co

UK invests in green energy skills

The UK government has announced a £6.5 million investment in engineering skills for the renewable energy industry.

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