europe news

Rolls-Royce announces record annual profits

Engine maker Rolls-Royce has posted record annual profits of £1.16 billion for the year to the end of December 2011.
Rolls-Royce announces record annual profits

Europa sees rise in production and revenues

AIM-listed oil and gas exploration and development company Europa Oil & Gas has announced a significant improvement in UK production and revenues generated during the six mo
Europa sees rise in production and revenues

Glencore and Xstrata agree merger

Commodities trader Glencore and mining giant Xstrata have confirmed they will merge to create a major natural resources group with a combined equity market value of $90 billion.
Glencore and Xstrata agree merger

Tullow and Uganda sign new oil deal

Tullow Oil has signed two new production sharing agreements (PSAs) with the government of Uganda, paving the way for completion of its asset sale to France’s Total and China’s C
Tullow and Uganda sign new oil deal

Subsea 7 wins BP contract

UK-based Subsea 7 has been awarded a $100 million contract by BP Exploration for work on the Clair Ridge Project, West of Shetland.
Subsea 7 wins BP contract

Lynden expands to Belgium

Logistics company Lynden International has extended its reach with the opening of a new service centre in Belgium, Lynden International (BE).
Lynden expands to Belgium

Stainless steel deal for Outokumpu

Finnish stainless steel maker Outokumpu has agreed to acquire Inoxum, the stainless steel unit of Germany’s ThyssenKrupp.
Stainless steel deal for Outokumpu

Centrica ups stake in North Sea field

UK-based Centrica, the parent company of British Gas, has reached an agreement with ConocoPhillips to acquire its non-operated interests in the gas and oil producing Statfjord f
Centrica ups stake in North Sea field

Westinghouse announces MOU with Czech firm Metrostav

Westinghouse Electric Company today announced the signing of an exclusive memorandum of understanding (MOU) with Czech construction company Metrostav, in preparation for the pot
Westinghouse announces MOU with Czech firm Metrostav

Record aircraft order for Europe

Norwegian Air Shuttle has signed an agreement with both Airbus and Boeing for delivery of a total of 222 new aircraft—the largest such deal in European aviation history.
Record aircraft order for Europe

EnQuest ups stake in Kraken discovery

UK oil and gas producer EnQuest has acquired a further 25 per cent stake in the Kraken oil discovery from Nautical Petroleum.
EnQuest ups stake in Kraken discovery

Weir Group to acquire Novatech LLC

The Weir Group PLC has agreed to acquire Novatech LLC, a US manufacturer of well service pump valves and valve seats for upstream oil and gas applications, for $176 million (£11
Weir Group to acquire Novatech LLC

Ofgem fast-tracks Scottish energy upgrade

The energy regulator Ofgem has agreed to fast-track plans by ScottishPower that will see £2.6 billion invested into power upgrades between 2013 and 2021.
Ofgem fast-tracks Scottish energy upgrade

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