We can still make history, says Ancelotti February 21, 2011 FC COPENHAGEN vs CHELSEA CHELSEA manager Carlo Ancelotti has defiantly claimed this could yet turn out to be the best season in the club’s history. The?Blues renew their assault on the Champions League in Copenhagen tonight with Ancelotti hoping that a positive result will ease the mounting pressure on his shoulders. Chelsea’s domestic objective is [...]
Oil, gold and silver surge on Middle East unrest February 21, 2011 Brent crude oil prices surged to more than $105 a barrel for the first time since 2008 yesterday on worries that spiralling violence in Libya could disrupt oil exports. Fears also mounted that protests could spill into other oil-producing countries, with Iran the next big question mark. Brent futures, which have climbed more than $10 [...]
BP inks $7bn Indian deal with Reliance February 21, 2011 BP has lined up one of the biggest-ever foreign direct investments in India after agreeing to pay Reliance Industries $7.2bn (£4.4bn) to jointly explore deepwater oil and gas deposits in the country. The long-term deal with Reliance, which could see BP pour $20bn into the project, was sealed at Downing Street yesterday. BP will take [...]
Australian cyclone hits Rio production February 21, 2011 GLOBAL miner Rio Tinto said yesterday it expects cyclones affecting its coastal operations in Western Australia’s Pilbara region to affect shipped tonnage figures for the first quarter of this year. Rio Tinto said it had maintained operations at 14 mines in the region but Cyclone Carlos has caused frequent interruptions at its Dampier and Cape [...]
Rockhopper drills at Sea Lion February 21, 2011 Falklands oil explorer Rockhopper has started drilling its first appraisal well in the Sea Lion oil and gas deposit, the Aim-listed firm said yesterday. Drilling operations are expected to take approximately 38 days and a further announcement will be made once drilling is completed. Rockhopper abandoned a nearby exploration well earlier this month after deciding [...]
Petra upbeat on diamond sales February 21, 2011 Petra Diamonds said it was positive for its full-year due to strong demand for rough diamonds as it posted in-line $24.5m (£15.1m) profits for the six months to the end of December yesterday. The Aim-listed company said the diamond market continued to strengthen in 2011 and that it saw the average underlying price for its [...]
AMEC buys Qedi oil services February 21, 2011 Engineering group AMEC has taken over Aberdeen-based oil and gas services firm Qedi, it announced yesterday, in a deal worth £33m over two years. Qedi provides project delivery services to oil firms in the UK, Gulf of Mexico, the Middle East and Australia.
AssetCo searches for short-term cash February 21, 2011 OURSOURCING group AssetCo is planning an emergency £8m share sale this week after delays to its refinancing put further strain on cash flow. But the Aim-listed firm’s shares closed up 4.2 per cent after a late-afternoon announcement of a £120m contract to provide fire fighting equipment and training to the United Arab Emirates. The firm, [...]
FTSE falls to two-week low as chaos in Libya unsettles traders February 21, 2011 THE top share index fell yesterday as tensions in oil producer Libya sent crude prices sharply higher and jolted investors out of riskier assets such as banks and miners. The FTSE 100 index ended down 68.19 points, or 1.1 per cent, at 6,014.80, its lowest close since 4 February. It pulled back sharply after a [...]
Shell sells $1bn African business to JV partners February 21, 2011 ROYAL Dutch Shell has agreed to sell three quarters of its stake in its African refining and distribution business to its joint venture partners for $1bn (£616m) as part of its efforts to dispose of non-core assets, the oil major said yesterday. Shell said remaining owners Vitol Group and Helios Investment Partners, which have upped [...]
