Finance-Investment News
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Colombia will increase natural gas shipments to Venezuela by some 50% later this year, Colombian Energy Minister Mauricio Cardenas said Friday. |
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Oilfield services company FTS International said Friday it has agreed to establish its first international joint venture with a Saudi Arabian company to provide services in that country and Oman. |
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The chairman of Mexican precious metals producer Fresnillo PLC said Friday that it remains committed to investing in exploration and new projects despite uncertainty regarding gold and silver price forecasts for the remainder of the year. |
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Russia's London-listed Nord Gold N.V, the gold producing company, said Friday its first-quarter net profit was down 30% on a year due to lower output, but it expects a strong second half. |
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The premier of South Australia state is confident the US$30 billion expansion of BHP Billiton Ltd.'s Olympic Dam mine will go ahead despite the mining company's pledge to reassess its spending plans, the Australian Financial Review reported Friday. |
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The need to develop unconventional sources of gas, such as coal seam gas, is increasingly important to meet the rising demand from Asia and an expected surge in gas-fired power stations over the coming decades, an executive at U.S. oil giant ExxonMobil Corp. said Thursday. |
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Enbridge Inc. said Wednesday it's moving ahead with C$3.2 billion (US$3.2 billion) in pipeline expansions, mostly to send more crude oil from Canada and North Dakota to the Midwest and eastern Canada. |
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General Electric Co. has moved to bolster its footprint in the fast-growing mining equipment sector, agreeing to buy Australia's Industrea Ltd. for about A$470 million ($466 million) as well as an independently owned U.S. supplier for an undisclosed amount. |
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Brazilian state-run energy heavyweight Petroleo Brasileiro, or Petrobras, expects to release its 2012-2016 strategic investment plan "somewhere around August," Chief Financial Officer Almir Barbassa said late Tuesday. |
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BHP Billiton Ltd. is tweaking the sequence of its capital expenditure plans to maximize value and reduce risk as miners face the prospect of lower cash-flow generation, the company's chief executive said Tuesday. |