News

30/04/2014

(Reuters) - Germany's Siemens AG is considering paying just under 1 billion euros ($1.38 billion) for a unit of Britain's Rolls-Royce that makes equipment for the oil and gas industry and power-generation gear for utilities, sour... Read More

29/04/2014

LONDON (Reuters) - Britain's economy racked up its strongest annual growth in more than six years in early 2014 despite falling a touch short of forecasts, official data showed on Tuesday. But the economy is still smaller than its peak bef... Read More

28/04/2014

PARIS (Reuters) - France will block any deal involving engineering group Alstom it considers unfit, Economy Minister Arnaud Montebourg said ahead of a meeting between President Francois Hollande and General Electric's chief executive to discus... Read More

25/04/2014

Shares in French industrial group Alstom soared on Thursday after reports that US giant General Electric was considering a $13bn (£7.7bn) takeover of the French bullet train and energy group. However, Alstom released a statement that... Read More

24/04/2014

Fracking could generate a £33bn investment windfall in Britain thanks to the creation of a new industrial supply chain, a report has claimed. Drilling of an estimated 4,000 horizontal shale gas wells over an 18-year period would gene... Read More

23/04/2014

 The Government has awarded eight new renewable energy projects which will create 8,500 jobs and raise household bills by 2pc. The projects include five offshore wind farms and three biomass plants and together are worth &po... Read More

17/04/2014

General Electric’s earnings fell in the first quarter, but overall industrial profits rose 12pc following a focus on the manufacturing sector. First-quarter operating earnings were 15pc lower than a year ago at 33 cents per share, wh... Read More

15/04/2014

OSLO (Reuters) - Norway's Aker Solutions has won a 14 billion crown (1.41 billion pounds) contract from oil major Total to provide equipment at the Kaombo oil project off Angola, lifting its shares by nearly 6 percent. The oil equipment an... Read More

13/04/2014

Kuwait (Reuters) - Royal Dutch Shell and BP have signed deals to supply Kuwait with liquefied natural gas (LNG) over the next few years, a Kuwait Petroleum Corp. (KPC) official was quoted as saying on Sunday. Kuwait began importing LNG in 2009... Read More

11/04/2014

OSLO (Reuters) - Royal Dutch Shell has dropped an innovative project to provide compression for a major Norwegian gas field without the need for a platform, dealing a blow to a technology that some hope could revolutionize offshore production. ... Read More

08/04/2014

Work on a revolutionary new energy project to produce gas from coal locked in seams under the seabed off the coast of the north east of England could begin within months. Newcastle-based Five Quarter is seeking Government support for the &... Read More

07/04/2014

STOCKHOLM (Reuters) - Swedish engineering group Alfa Laval said on Monday it had agreed to buy Norwegian marine and offshore pumping group Frank Mohn for 13 billion Norwegian crowns ($2.17 billion) in cash. Frank Mohn, headquartered in Bergen,... Read More

04/04/2014

An oil and gas company is creating 60 new jobs at its base in Port Talbot. Freudenberg Oil & Gas Technologies invested £11m consolidating its three sites into one manufacturing centre on the Baglan Industrial Estate. The Welsh go... Read More

02/04/2014

LONDON (Reuters) - Surging growth among housebuilders helped Britain's construction firms maintain a rapid pace of expansion in March and optimism about the months ahead hit its highest level in more than seven years, a survey showed on Wednes... Read More

01/04/2014

Scottish engineering business Weir Group has confirmed that it has proposed an all-share merger with Finland’s Metso Group. The Helsinki-listed company operates in the same industrial pump and valve market for the global oil, gas and... Read More