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...below the surface. In a couple of hours extracted gas reaches the Nyhamna plant, where it's processed and sent to the U.K. via the world's longest underwater pipeline (it's a trip that can take as little as two days). In full swing, the $9.2 billion project will pump up to a fifth of Britain's gas. More than that, though, StatoilHydro's technological muscle on show at Ormen Lange can give it an advantage when bidding for projects in places like the Arctic, says Kjetil Bakken, an analyst at investment bank Fondsfinans in Oslo...

Author: /time Magazine | Title: Northern Might | 10/11/2007 | See Source »

...former communist officials and businessmen who they claim have controlled the country since 1989. Radek Sikorski, a former PIS member and Defense Minister, says the Kaczynskis were elected in 2005 because "they reflected the public mood of disgust with the previous regime." They are clearly at pains to project a simple, clean-living image. Jaroslaw, the Prime Minister, lives with his mother and a cat and does not have his own bank account. Lech, who is married with a grown daughter, has said that his ambition as President is merely "to reach the end of my term, in good health...

Author: /time Magazine | Title: Relative Values: The Kaczynski Brothers | 10/11/2007 | See Source »

Matcor's U.S. projects include designing and installing a corrosion-protection system for a plant in Louisiana owned by Sempra Energy, an energy utility company headquartered in San Diego. The pipeline runs for 50 miles and ties into a much larger pipeline grid heading up the East Coast. And in Hugoton, Kans., Schutt's team recently completed a job it had begun two years ago for BP. "The pipelines weren't damaged, but there wasn't enough of a force field on them," he says. Currently, Matcor's work is about 75% domestic, but it's looking to grow globally...

Author: /time Magazine | Title: Pipe Dream | 10/11/2007 | See Source »

While companies may need them more than ever, expats agree that the eventual goal is to make their roles obsolete by developing local talent to take over the reins. That's no easy task. "We're trying to cram in 20 years of knowledge about procedures, communication, project-planning--all the things that make a business work," says Pete Lorenzen, 53, head of global IT support services for IBM in India. Still, helping his employer harness a surging new economy, he says, is "just about the most exciting thing I've done" in a long career. Who needs the foreigners...

Author: /time Magazine | Title: The New Expatriates | 10/11/2007 | See Source »

...Chia, a Singapore-based lawyer who has worked with North Korean joint ventures since 2004, says many investors were spooked by the country's October 2006 nuclear test and the international fallout. "One of my clients was looking at going ahead with a substantial investment in a mineral-processing project," Chia says. "Before he went in, he had an indication from financiers it was doable. But then the nuclear issue blew up, and it became impossible...

Author: /time Magazine | Title: Risky Business | 10/11/2007 | See Source »

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