europe news

Ensco to acquire rival Pride

UK oil company Ensco is buying its US rival Pride International for around £4.5 billion in a deal that will create the world's second largest offshore oil and gas driller.
Ensco to acquire rival Pride

Regal backs Energees offer

UK oil explorer Regal Petroleum has backed an improved takeover bid from Energees Investments, which came on the back of a rival bid from a Ukrainian billionaire.
Regal backs Energees offer

Nestl├® opens new factory in Nigeria

Swiss food giant Nestlé has opened a new state-of-the-art factory in Nigeria’s Ogun state.
Nestl├® opens new factory in Nigeria

ShellÔÇÖs profits double to $18.6 billion

Dutch oil giant Shell has reported profits of $18.6 billion (£11.5 billion) for 2010, on the back of increased production and rising oil prices.
ShellÔÇÖs profits double to $18.6 billion

ÔÇ£EncouragingÔÇØ yield at Guinea diamond mine

West Africa-focused Stellar Diamonds has reported “encouraging” initial diamond recoveries from drill core samples of the company's Droujba kimberlite pipe in south-east Guinea.
ÔÇ£EncouragingÔÇØ yield at Guinea diamond mine

Employment soars in UK wind power sector

Employment in the UK’s wind power industry has surged 91 per cent in just three years, according to a report commissioned by trade body RenewableUK.
Employment soars in UK wind power sector

Final bids submitted for Firth of Forth bridge

Final bids have been submitted for the £1 billion contract to build a new crossing over the Firth of Forth in Scotland.
Final bids submitted for Firth of Forth bridge

France invests in Irish energy firm

DCNS, a French naval submarine and nuclear technology group, has paid €14 million for a stake in the Irish tidal energy developer OpenHydro.
France invests in Irish energy firm

UK solar panel factory to expand

Europe’s biggest manufacturer of solar panels is to create 300 new jobs at a plant in the UK.
UK solar panel factory to expand

Statoil wins Angolan oil rights

Angola has officially announced the selection of Statoil as an operator and partner in several offshore pre-salt blocks.
Statoil wins Angolan oil rights

Permission granted for Corrib pipeline

Permission has been granted for construction of the final nine kilometres of the Corrib Gas Pipeline in Ireland.
Permission granted for Corrib pipeline

Etihad Airways eyes Virgin Atlantic

Abu Dhabi's Etihad Airways has expressed “top level interest” in the UK airline Virgin Atlantic, according to reports.
Etihad Airways eyes Virgin Atlantic

Petra to acquire Finsch diamond mine

Petra Diamonds has announced that it has entered into an agreement to acquire the Finsch diamond mine in South Africa from De Beers.
Petra to acquire Finsch diamond mine

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