February 3, 2012 08:01 AM
UK-based Subsea 7 has been awarded a $100 million contract by BP Exploration for work on the Clair Ridge Project, West of Shetland.
February 3, 2012 10:44 PM
Yesterday’s announcement that Xstrata and Glencore were indeed talking to each other about a possible “merger of equals” has hit the fan, and stirred up a storm of comment around the world.
February 2, 2012 08:23 AM
Logistics company Lynden International has extended its reach with the opening of a new service centre in Belgium, Lynden International (BE).
February 2, 2012 06:03 PM
Anglo-Swiss mining operator Xstrata has confirmed talks with the world’s largest commodities trader Glencore International plc about an “all share merger of equals.”
February 1, 2012 08:40 AM
Finnish stainless steel maker Outokumpu has agreed to acquire Inoxum, the stainless steel unit of Germany’s ThyssenKrupp.
February 1, 2012 07:50 PM
US carmaker Chrysler Group today reported its best January sales since 2008, with US sales of 101,149, a 44 percent increase over January 2011.
January 31, 2012 08:10 AM
Pan African Resources and Wits Gold have joined forces to acquire the Evander Gold Mine from Harmony Gold for R1.7 billion.
January 31, 2012 09:05 PM
UPS, the world’s largest package delivery company, released its results for Q4 2011 today, drawing attention to a 21 percent improvement in earnings per share.
January 30, 2012 08:03 AM
UK-based Centrica, the parent company of British Gas, has reached an agreement with ConocoPhillips to acquire its non-operated interests in the gas and oil producing Statfjord field for £142 million.
January 30, 2012 06:44 PM
Westinghouse Electric Company today announced the signing of an exclusive memorandum of understanding (MOU) with Czech construction company Metrostav, in preparation for the potential construction of nuclear power plants in the Czech Republic.
January 27, 2012 08:11 AM
London, UK-based Bisichi Mining has announced that its principal South African coal mining subsidiary, Black Wattle Colliery, has been approved an allocation of 87,500 tonnes of export tonnage at Richards Bay Coal Terminal.
January 27, 2012 07:42 PM
Caterpillar delivered record-breaking 2011 sales and overall revenues of $60.14 billion, an increase of 41 percent from $42.59 billion in 2010.
January 26, 2012 08:11 AM
Norwegian Air Shuttle has signed an agreement with both Airbus and Boeing for delivery of a total of 222 new aircraft—the largest such deal in European aviation history.
January 26, 2012 10:59 AM
Boeing ended 2011 on a high with a 20 percent rise in net income for the fourth quarter, and 21 percent for the year as a whole, partly due to an increase in sales of commercial aircraft.
January 25, 2012 08:26 AM
UK oil and gas producer EnQuest has acquired a further 25 per cent stake in the Kraken oil discovery from Nautical Petroleum.
January 25, 2012 06:25 PM
The Weir Group PLC has agreed to acquire Novatech LLC, a US manufacturer of well service pump valves and valve seats for upstream oil and gas applications, for $176 million (£113 million) in cash.
January 24, 2012 08:04 AM
The energy regulator Ofgem has agreed to fast-track plans by ScottishPower that will see £2.6 billion invested into power upgrades between 2013 and 2021.
January 24, 2012 08:34 PM
A new report from the American Chemistry Council suggests that untapped natural gas resources from shale could rejuvenate the economy of the US state of Michigan.
January 23, 2012 08:07 AM
Google has been named as the company UK adults most want to work for—with rival Apple coming a close second.
January 23, 2012 07:33 PM
Energy service giant Halliburton today announced net income of $906 million for Q4 2011, and $3 billion for the full year.
January 20, 2012 08:20 AM
China Investment Corporation (CIC) has acquired an 8.68 per cent stake in Thames Water, the UK water and sewerage company.
January 20, 2012 07:25 PM
US convenience retailer 7-Eleven announced completion today of its deal with ExxonMobil to acquire retail interests in 51 sites in North Texas.
January 19, 2012 08:15 AM
A survey released today has revealed that despite falling business optimism, companies in the UK are spending more on their marketing activities in an effort to ward off competition.
January 18, 2012 08:19 AM
Netherlands-based construction and infrastructure specialist Ballast Nedam has won a €25 million contract for expansion works at a refinery in Suriname.
January 18, 2012 04:22 PM
Trade intelligence company Zepol Corporation reports that US import shipment volume for December, measured in TEUs, decreased 8.2 percent from November, but increased 1.5 percent from December of 2010.
