IRJ Mar 10 - A distinct lack of momentum will drag on the rich world's economic recovery this year, according to analysts who say economists largely bucked a recent trend of rising forecasts.
Median forecasts from the survey of around 250 economists showed slight downward revisions to 2010 quarterly growth forecasts for the United States, while those for Britain and Japan ...
IRJ Mar 9 - Helix Energy Solutions, headquartered from Houston, Texas, has received raucous response from investors following its announcement of seeking advisors as it goes about selling off its oil and gas operations.
The company makes this announcement as part of its December 2008 strategic decision to shed its non-core assets and move to focus on deepwater wells and subsea ...
IRJ Mar 9 - Essar, the steel-telecoms major player, of India, has announced plans to debut its oil and energy arms on the London Stock Exchange and in doing so is set to raise up to US$3 billion. Doing so would mark the largest overseas listing by an Indian company if the decision is passed in the coming weeks.
Banks advising ...
IRJ Mar 9 - In Europe support for a planned £30 billion North Sea super grid is mounting as ten major companies have joined Mainstream Renewable Power of Ireland to launch “Friends of Supergrid” in London.
These integral companies include Siemens and Hochtief, of Germany and Areva, of France and aim to create a Brussels-located office for lobbying the network to ...
IRJ Mar 8 - Key Energy Services Inc., the oil and gas company headquartered from Houston, Texas, USA, has announced its expansion into the Middle East with a new well services joint venture with AlMansoori Specialized Engineering, of Abu Dhabi, United Arab Emirates.
Both companies will invest in this, the AlMansoori-Key Energy Services LLC, in order to provide well services to ...
IRJ Mar 8 - Bellzone Mining, an iron ore operator and explorer currently working in West Africa, plans to make its debut on the AIM with US$100 million in fundraising. The company states that these funds through fundraising and public listing will enable it to accelerate its drilling programme upgrade and reach new JORC- compliant resources and complete its Bankable ...
IRJ Mar 8 - Enel, the Italian energy heavyweight, is ready and waiting to up its renewable arm in a deal which could result in the merger of its Spanish assets, the 92 per cent ownership is has in Endesa SA, with its existing Enel Green Power Unit (EGP).
Endesa SA currently produces 2.7 GW of renewable and has a 50 ...
IRJ Mar 5 - A multibillion dollar hydropower project between Congo, Botswana, South Africa, Namibia and Angola has broken down as the DRC weighs an offer from BHP Billiton Ltd. The wester power corridor venture had the capacity to deliver 5,000 megawatts of power to the five countries.
Congo’s National Electricity Society (SNEL) chief executive officer, Yengo Massampu said, “It was ...
TORONTO, ONTARIO--(Marketwire - March 5, 2010) - Alturas Minerals Corp. (the "Company") (TSX VENTURE:ALT)(BVLAC:ALT) today announced that it has accepted subscription forms from the first tranche of a non-brokered financing of C$538,857.43 working capital units. Funds raised will be used to advance exploration of the Company's Chile and Peru mineral projects and for general working capital. ...
IRJ Mar 5 - In India, the Mines Ministry has indicated that it will soon award approval for mining giant Rio Tinto’s proposed diamond mining lease on which the company plans to spend US$480.3 million.
It appears that almost a decade spent hunting for just the right diamond mining opportunity in India has paid off for the company, as this ...
IRJ Mar 5 - It hasn’t been the easiest of days for Premier Oil (PMO), a global oil player headquartered in the United Kingdom. The company announced, Friday, that its 16/4-5 well at the Greater Luno Area Extension prospect, Norway, in which PMO has 30 per cent interest in the PL359 exploration license where the well is located, has drawn ...
IRJ Mar 5 - During his three day state visit to the United Kingdom, which ends today, South African President Jacob Zuma has spoken out to sate worries about South African mining asset nationalisation following the results of a recently concluded audit and reports of proposals being put together to support this.
Speaking at the Lord Mayor's Banquet at the Guildhall, ...
