News

Petrobras reveals major investment plans

Petrobras, the Brazilian oil major, has unveiled plans to invest $224bn between 2010 and 2014 in its deep sea oil fields. The investment will equate to a near 45% increase in oil production to 3.9m barrels per day by 2014.[more..]

Petronas looks to stock market for cash

Petronas, the malaysian state energy company, is looking to offer its petrochemicals business in a bid to raise $2bn. The IPO is being seen as a test for a full scale listing of the entire Petronas business, which will be opposed by Malaysian Nationalists..[more..]

Akzo Nobel unloads National Starch business

Akzo Nobel has sold its Starch business to Corn International of the USA for a reported figure of $1.4bn. The National Starch business, purchased by Akzo as part of their takeover of ICI, has revenues of £1.2bn per annum and will increase Corn's annual..[more..]

World shortage of containers on the horizon

The demand for container shipping has increased dramatically over the past 6 months, leading to many of the leading shipping lines to warn of a worldwide shortage. Maersk Lines & OOCL have reported soaring demand currently running at 23% year..[more..]

Northumbrian Water posts outstanding results

Northumbrian Water has unveiled a 11% increase in profits for the year to 31st March 2010. Group revenues were £705m (up 1.5%) with pre-tax profits of £170m.[more..]

UK Water Industry in need of urgent change

Water UK is pressing the new coalition government to change its focus on environmental standards and customer charges. The report released by Water UK is seen as a reaction to the recent demands made by OFWAT, who is insisting on capping customer prices..[more..]

Bearing installation contract completed with Resimac Ceramic

A bearing installation contract has recently been completed by a Resimac applicator for a UK dock company. Resimetal 202 Ceramic Repair Fluid was injected as a gap filling adhesive to the back of the bearing to ensure the installation meets..[more..]

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