News

25/09/2012

MILAN, Sept 20 (Reuters) - British utility Centrica  on Thursday signed a 2.4 billion cubic metre, three-year gas supply deal with the UK arm of Russian export monopoly Gazprom, it said in a statement. Gas deliveries will begin fr... Read More

24/09/2012

Qinetiq, the UK defence technology company, reported a better-than-expected first-half performance, helped by strong trade at its global products and UK services divisions. The company, which makes high-tech military equipment such as bomb dis... Read More

24/09/2012

Airbus and Chinese oil company Sinopec have teamed up to develop an alternative fuel standard and supply for China, one of the fastest growing aviation markets, the European plane maker said on Monday. "China Petroleum and Chemical Corpor... Read More

20/09/2012

MILAN, Sept 20 (Reuters) - Italian energy group Eni , Africa's biggest foreign oil and gas producer, and partner oil trader Vitol said they had made their first important oil discovery offshore Ghana where they operate two blocks. During p... Read More

18/09/2012

Royal Dutch Shell has been forced to delay drilling for oil in the Arctic for another year, after the failure of a key piece of safety equipment that would be used to tackle spills. Shell  has spent $4.5bn (£2.8bn) on the controvers... Read More

18/09/2012

On a cold and drizzly Thursday afternoon in Barrow-in-Furness, Cumbria, Royal Navy officers and engineers from BAE Systems were making final preparations aboard the £1bn Ambush submarine before it left for sea trials. A decade in the mak... Read More

15/09/2012

Kier Group -- the leading construction, services and property group -- is currently up just over 1% on release of its preliminary results for the year to 30 June 2012. Adverse UK market conditions resulted in a 5% drop in revenue for the year,... Read More

14/09/2012

LONDON (ShareCast) - Oilfield support services firm Wood Group has snared a contract with NRG Energy to design and construct a 75 megawatt gas turbine peaking facility at the W A Parish Generating Station, located some 25 miles sout... Read More

14/09/2012

LONDON, Sept 14 (Reuters) - UK construction activity grew 2.2 percent in July and fell less sharply than previously thought in the second quarter, data showed on Friday, adding to signs the economy is slowly edging out of recession. Falling ou... Read More

11/09/2012

Huawei, the Chinese telecoms giant, is poised to unveil a £1.2bn investment plan into the UK that will create 700 jobs. The overseas investment will be a significant boost to David Cameron, the Prime Minister, and Vince Cable, the Busine... Read More