PPWE, CBI – Proper Power & Energy, Chicago Bridge & Iron Company;
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__ Proper Power & Energy (PPWE.OB) is an independent oil and gas exploration and production company.
PPWE is committed to utilizing a very dynamic system of research and testing, and as a result of this extensive research and testing, have selected several sites with very good to excellent potential for productivity.
PPWE`s operations are in Kentucky, which provides for low risk developmental drilling and production, and Utah, which Proper Power & Energy controls over 11,000 acres for its exploratory prospect.
About the company:
Proper Power & Energy (OTC Bulletin BoardPWE) is an independent oil and gas exploration and production company.
Proper Power & Energy is committed to utilizing a very dynamic system of research and testing, and as a result of this extensive research and testing, have selected several sites with very good to excellent potential for productivity.
The Company`s operations are in Kentucky, which provides for low risk developmental drilling and production, and Utah, which the Company controls over 11,000 acres for its exploratory prospect.
Renowned geophysicist and consultant to Proper Power, Robert Dunbar, believes the Utah prospect could hold up to one billion barrels of recoverable oil.
More about PPWE at: www.properpower.com Chicago Bridge & Iron Company N.V. (NYSE:CBI) announced today that Lummus Technology has been awarded a contract by OAO Salavatnefteorgsyntez (SNOS) for the engineering, procurement, and supply of materials for a third SRT VI cracking heater at its ethylene plant in Salavat, Russian Federation. This award, part of the plants long-term modernization and upgrading project, follows Lummus Technologys successful completion of two previous heaters. This is a fourth quarter 2010 award.
Ethylene, a building block in the petrochemical industry, is used to produce a variety of finished products, including plastics, fibers and rubber.
About CB&I:
CB&I engineers and constructs some of the worlds largest energy infrastructure projects, providing a full spectrum of EPC solutions and proven process technologies. Drawing upon more than a century of experience and the expertise of approximately 16,000 employees worldwide, CB&I safely and reliably executes more than 600 projects a year through its three business sectors: CB&I Lummus builds upstream and downstream oil & gas projects, LNG liquefaction and regasification terminals, and a wide range of other energy related projects; CB&I Steel Plate Structures designs, fabricates and constructs storage tanks and containment vessels and their associated systems for the oil & gas, water & wastewater, mining and nuclear industries; Lummus Technology capitalizes on more than 2,000 patents and patent applications to provide process technologies, catalysts and specialty equipment for petrochemical facilities, oil refineries and gas processing plants.
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