In its first partial year of production, Osisko Mining Corporation has reported net profit of $37.8 million for Q4 2011.

The Canadian Malartic mine reached commercial production on 19 May, 2011, contributing to a net profit of $18 million for the year, compared to a loss of $17.8 million in 2010.

Mine operating profits during the fourth quarter totaled $39.5 million, and $79.5 million for 2011.

Premier Oil has awarded a contract to Wood Group PSN for the delivery of integrated operations and maintenance support services to the Balmoral floating production vessel (FPV).

The contract, estimated to be worth around £250 million, will see Wood Group PSN provide managed onshore and offshore operations and maintenance services, including the management of selected procurement and logistics support.

Encana Natural Gas Inc, one of North America's largest natural gas producers, today opened the first liquefied natural gas (LNG) fueling station in Louisiana.

Located at The Relay Station in Frierson, the station will serve the fueling needs of heavy duty truck fleets, but is also open for public use (to those with an LNG vehicle and proper safety training).

Norway’s Statoil and partner ExxonMobil have made a large gas discovery in the Zafarani exploration well offshore Tanzania. 

Logging results have shown what Statoil is calling a “high impact discovery”, so far proving up to five trillion cubic feet of gas in-place.

The well has encountered 120 metres of excellent quality reservoir with high porosity and high permeability, Statoil said. The gas-water contact has not been established and drilling operations are ongoing.

Jorge Quijano, executive vice president of engineering with the Panama Canal Authority (ACP), talks to Jayne Alverca about taking Central America’s most high profile infrastructure program from concept to completion.

InterContinental Hotels Group (IHG), one of the world’s leading hotel companies, has announced it will create nearly 3,000 new jobs across its 275 UK hotels over the next three years, including over 1,100 new jobs this year.

IHG, which operates brands such as Holiday Inn and Crowne Plaza, is also launching a new hospitality training Academy in London.

Brazil imports 50 percent of the phosphates it needs for agricultural production: MBAC has the ability to become the second largest domestic producer of single superphosphates within the next five years, with a valuable sideline in rare earth elements.

Another tale of “are they or aren’t they” emerged today in relation to a possible alliance of some kind between General Motors and PSA Peugeot Citroen.

It has been widely reported that the two car makers are talking to each other, and have been for some time, but at the time of writing neither company has confirmed this.

Against the backdrop of a very public revolution in Egypt, Procter & Gamble is quietly continuing to pursue its ongoing commitment to investment and growth, as Alan Swaby discovers.

Even if ‘Business management during periods of revolution’actually existed as a module in MBA programmes, it’s unlikely that many would ever have to put it into practice. Yet this is the very real situation that managers at Procter & Gamble (P&G) have had to face during the Egyptian chapter of the ongoing Arab Spring.

Agriculture in many parts of Africa is still struggling to fulfil its potential. Anup Modha, general manager of Tanzania-based Minjingu Mines & Fertiliser, explains how the company has been using environmentally friendly local resources to achieve food security and poverty reduction.