Daelim Industrial-MHI-Marubeni Consortium concluded a contract to supply core facilities, gas turbines and steam turbines to Ulsan #4 combined thermal power plant with Korea East-West Power at Grand Intercontinental Hotel on February 14. This project values at KRW510 billion, of which Daelim accounts for KRW236.8 billion excluding surtax.

More than 40 executives and staff including Hong-Chun Park, director of plant division at Daelim, Deok-Yoon Ahn, director of planning and management at Korea East-West Power, Wani, vice president of MHI, and Ofoshi, vice director of Marubeni took part in the ceremony. The Ulsan #4 combined thermal power plant to be built in Namhwa-dong, Nam-gu, Ulsan, boasts the large production capacity with950MW among single combined thermal power plants in Korea, in which new technologies of MHI will be adopted. Prior to this, Daelim had won meaningful contracts to supply core facilities to Pyeogtaek Combined Thermal Power Plant phase 2 and Taean Power Plant Unit 9 & 10 projects.

Hong-Chun Park, director of plant division at Daelim, said, “Based on our world-class EPC capability, we will provide our best customer services through high quality facility and strict project schedule management. This project will give us opportunities to secure world’s best boiler technology and a new growth engine in the power plant business.”

Technip’s wholly owned subsidiary Global Offshore Pty Ltd. has been awarded a pipeline installation contract by Woodside Energy Limited for the Greater Western Flank Phase 1 Project located 130 kilometers North West of Karratha in Western Australia.

This pipeline will link the Goodwyn GH and Tidepole fields via a subsea tie-back to the existing Goodwyn A (GWA) platform and represents the next major development for the Woodside-operated North West Shelf Project.

The contract scope includes load out, transportation and installation of 16 kilometers of 16” gas flow line from the Tidepole manifold to the GWA platform.

Technip’s operating center in Perth, Australia will execute the contract, with the support from the Singapore office. Offshore installation will be carried out by the Global 1200 or the Global 1201, two flagship vessels that joined Technip’s fleet through the recent acquisition of Global Industries.

SAN RAMON, Calif., February 15, 2012 – Chevron Corp. (NYSE: CVX) today reports that its affiliate Tengizchevroil LLP (TCO) expects to enter front-end engineering and design (FEED) in 2012 for an expansion project to increase total daily production between 250,000 and 300,000 barrels.

The Future Growth Project (FGP) will utilize sour gas injection technology used in existing operations. An early estimate of the total project cost is in the $6 - $8 billion range. The upcoming FEED work will refine the estimate range.

TCO is also undertaking an ongoing drilling program and has entered FEED on a well head pressure management project to support current operations.

An early estimate of the total project cost for the trio of projects is in the $20 - $25 billion range.Chevron has a 50 percent interest in Tengizchevroil. Other partners are KazMunaiGas, 20 percent; ExxonMobil Kazakhstan Ventures Inc., 25 percent; and LUKArco, 5 percent.

Houston, Texas — February 14, 2012 — KBR (NYSE: KBR) today announced it was awarded a contract by TAIF Group to provide licensing and engineering services for the Veba Combi Cracker (VCC) to be implemented at the Nizhnikamsk refinery in the Republic of Tatarstan, Russia.

Under the terms of the contract, KBR will provide the License, Basic Engineering Package (LBEP), and other services for TAIF’s VCC-based Deep Conversion Complex. The complex will process 2.7 million tons per annum of refinery vacuum residues, and 1.6 million tons per annum of distillates into high value petrochemical feedstocks and Euro 5 diesel. This award marks the third VCC license, and KBR’s largest VCC project award since the acquisition of the rights to the technology in January 2010.

“KBR’s VCC technology is uniquely suited to process Russian crude derived residues and is an ideal solution for monetizing Russia’s large residue resource base,” said John Derbyshire, President, KBR Technology. “I look forward to our new partnership with TAIF as we embark on this large project.”

TAIF is a privately held, large production and investment company comprising of 67 subsidiaries and affiliates operating in the oil and gas processing, refining, petrochemicals, telecommunication, building and construction, banking and investments, and service sectors. For more information, visit www.en.taif.ru.