The original refinery was built in 1938 and purchased by San Joaquin Oil Co. in 1968. In 1979 the refinery became San Joaquin Refining Co., Inc.,a privately heldcompany located in Bakersfield, California. Major upgrades were accomplished in 1975, 1987, and again in 2001. Bakersfield is in Kern County, located in the San Joaquin Valley.

CanadaÔÇÖs government has announced a $35 billion, 30-year federal shipbuilding strategy, designed to reinvigorate the sector.

ArcelorMittal, the world's largest steel maker, has signed an initial agreement to spend 300 billion rupees ($6.4 billion) on the construction of a six million tonne a year steel plant in southern India.

Goldcorp Inc. has agreed to sell its San Dimas gold and silver mine in Mexico to Mala Noche Resources Corp. for $500 million, it has been announced.  San Dimas, which is located about 150 kilometers west of the city of Durango in the state of Durango, will turn Vancouver-based Mala Noche into a metals producer.

South AfricaÔÇÖs Sasol is planning to spend $10 billion (R77 billion) on a coal-to-liquids project in the Indian state of Orissa, according to a report by Bloomberg.

Drug and medical device maker Covidien is buying Minnesota-based medical device maker ev3 Inc. for $2.6 billion.

Spanish telecommunications giant Telefonica has sweetened its bid for Portugal Telecom's indirect stake in Vivo Participacoes to Ôé¼6.5 billion, up from its previous offer of Ôé¼5.7 billion.

Technip KT India is enjoying a period of phenomenal growth. CEO Ram Kishore Iruvanti talks to Gay Sutton about his strategy for innovation and remaining ahead of the competition.

Coal might not be environmentally popular but electricity in South Africa is dependant upon it, as well as those involved with getting it to the power station, as Alan Swaby reports.