JKX Oil & Gas Awards Fracture Stimulation Contract To Schlumberger
JKX Oil & Gas PLC (JKX.LN), an Eastern Europe-focused explorer and producer, announced Tuesday that its wholly-owned subsidiary, Poltava Petroleum Company awarded a contract to oilfield services company Schlumberger to perform fracture stimulation operations on well-R103 in the Rudenkovskoye
BSkyB Buys 200,000 Shares for Cancellation at 740.97P
British Sky Broadcasting Group PLC (BSY.LN) said Tuesday that it bought for cancellation 200,000 shares at an average price of 740.97 pence.
Amec gets GBP60 Million Detail Design Contract From GDF Suez
AMEC PLC (AMEC.LN), an international engineering and project management company, said Tuesday it has been awarded a detailed design contract for GDF SUEZ E&P U.K. Ltd's Cygnus gas field development in the U.K. North Sea, worth 60 million pounds.
India Government to Seek More Time for Telecom Spectrum Auction
The Indian government will ask the Supreme Court to extend the deadline for conducting a much-awaited auction of telecommunications bandwidth, Telecom Minister Kapil Sibal said Tuesday.
InterContinental Returns Cash As Profit Rises
InterContinental Hotels Group PLC (IHG), the world's largest hotel operator by number of rooms, Tuesday said it will return $1 billion to shareholders as it recorded a rise in profit, driven by solid demand in the U.S., its largest and most lucrative market.
Taiwan's China Steel to Cut Utilization Rate to 95% in September on Weak Demand
Taiwan's China Steel Corp. (2002.TW) plans to cut its utilization rate in September due to dwindling domestic demand and weaker global steel prices, a company official said Tuesday.
Xstrata: Las Bambas Copper Project Capex Raised By 7% To $5.2 Billion
Anglo-Swiss miner Xstrata PLC (XTA.LN) said Tuesday that is has increased the capital expenditure on its Pervian Las Bambas project by 7% to $5.2 billion, taking into account uncontrollable costs related to permitting delays following a change of government.
Crude Keeps Gains in Asian Trading
Crude-oil futures kept most gains in Asia Tuesday after rising for two straight sessions and are supported by optimism about the euro-zone crisis, a tropical storm in the Atlantic, an attack on a pipeline in the Middle East and lower stockpiles.
Warning Remains After Fire at Chevron Refinery
A fire that broke out at Chevron Corp.'s (CVX) Richmond refinery in California Monday has been contained, but the shelter in place warning hasn't been lifted, a spokesman for the company said Tuesday.