S. Korea’s Hyundai wins $1.1B order from Norway
Hyundai Heavy Industries said Sunday it has won a $1.1-billion order from Norway’s Statoil ASA to install a topside facility on a spar hull being built by the South Korean company.
Hyundai Heavy Industries said Sunday it has won a $1.1-billion order from Norway’s Statoil ASA to install a topside facility on a spar hull being built by the South Korean company.
Oil dropped to near $85 a barrel Tuesday after weak Chinese trade figures suggested the economic slowdown in the world’s second-largest crude consumer is deepening.
When shareholders of Manila Electric Co. gather for their annual meeting this May 29, it will be the last time Ambassador Manolo Lopez, 69, will address them as chair. Lopez was chair and chief executive officer of Meralco until 2010, when the First Pacific group bought out most of the Lopezes’ stake and installed Manuel V. Pangilinan (MVP) as the new CEO.
SN Aboitiz Power (SNAP) Benguet Inc. will fully commission on Tuesday the 105-megawatt Ambuklao hydroelectric power plant after the company rehabilitated the facility that was last seen running in 1999. “When we took over the Ambuklao Plant in 2008, it had been shut down and under preservation by National Power Corp. (Napocor) for close to [...]
