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Aker Solutions delivers Åsgard template to Statoil
Aker Solutions has delivered the steel frame for the world’s first subsea gas compression facility to be installed at the Statoil-operated Åsgard field. The installation, set to come on stream in 2015, will enable the recovery of an additional 280 million barrels of oil equivalents.
The 1,800-tonne steel frame will be installed the next two weeks on the Åsgard field seabed to form the base of the world’s first subsea gas compression facility. It is the largest template manufactured by Aker Solutions, measuring 74 metres in length, 45 meters in width and 26 meters in height.
ard project is a game changer for the entire industry,” said Per HaraldKongelf, regional president for Aker Solutions in Norway. “The technology has the potential to change of READ MORE.....
TN MAY GET `8583-CR WORLD BANK FUNDING FOR ROAD SECTOR PROJECTS
Tamil Nadu is expected to get `8583-crore for its road sector projects, according to Rajeev Ranjan, IAS, Principal Secretary - Highways and Minor Ports, Government of Tamil Nadu. “This biggest externally-aided project in the state so far would cover 1678km of roads in identified areas and this we expect to commence from next year,” he said in his special address to the 11th edition of Suminf READ MORE.....
RELIANCE MEGA-CEMENT PLANT TO START IN MP
The new project is expected to contribute annual revenues of around `3,000-crore
Reliance Infra's first five million tonnes per annum capacity cement plant will be commissioned this month in Madhya Pradesh. The mega-project was commissioned in a record 22 months, five months ahead of schedule, offering state-of-the-art, next-generation facility to serve the central, eastern and nor READ MORE.....
RBI GRANTS INFRASTRUCTURE NBFC STATUS TO IIFCL
The Reserve Bank of India (RBI) has granted the state-owned, India Infrastructure Finance Co. Ltd (IIFCL) the status of an infrastructure non-banking finance company (NBFC), but with relaxed capital adequacy requirements, according to a media report. This move will allow the company to lend more to infrastructure projects and also not require the government to recapitalize it to meet capital requi READ MORE.....