Committee Approves bill to Improve MarAd

Friday, July 21, 2006
The Senate Committee on Commerce, Science, and Transportation has stated that it approved the Maritime Administration (MarAd) Improvement Act of 2006. Among other things, the bill, which will now go to the Senate floor for consideration, would allow the agency to retain certain fees that it collects. It would also provide an alternative approach for operators of Maritime Security Program product tankers to meet US-build replacement vessel requirements. Source: HK Law
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Keystone XL Costs to Nearly Double - TransCanada

The total cost of TransCanada Corp's controversial Keystone XL pipeline is likely to nearly double following six years of regulatory delays, a company spokesman said on Friday.

Sulzer Shareholder has 5 pct Dresser-Rand Stake

Russian billionaire Viktor Vekselberg's Swiss investment firm Renova Group said on Friday it had a 4.99 percent stake in U.S.-based Dresser-Rand, which might become the object of a takeover battle.

Source: Siemens Offering $6.1 bln for Dresser Rand

Germany's Siemens plans to offer more than $6.1 billion, or $80 per share, for U.S. compressor and turbine maker Dresser-Rand, Germany's Manager Magazin said on Friday.

 
 
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