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- PTT raises offer in joust with Shell to buy CoveThu, May 24, 2012THAILAND’S PTT Exploration and Production has stoked the bid battle for Cove Energy, topping Royal Dutch Shell with a £1.22 billion offer that underscores interest in new east African gas finds.
- Advertising firm to reinvent itself as energy businessThu, May 24, 2012Advertising company Captive Audience Display Solutions (Cads) is poised to reinvent itself as a renewable energy business after shareholders approved a merger with a UK-registered firm yesterday.
- Xstrata takes punt on copper market recoveryWed, May 23, 2012GLOBAL MINER Xstrata is betting sluggish copper demand in China will pick up in the second half as it makes plans to boost production of the metal by 60 per cent, shrugging off more cautious approaches by rivals.
- Maynooth firm targets €80 million US market
Mon, May 21, 2012MAYNOOTH biomass heat and power company Imperative Energy is hoping to build a biopark near Boston and win new installation projects in the US it estimates could be worth more than €80 million over the next few years. - UK distribution deal for bottled water firm
Mon, May 21, 2012INDEPENDENT Irish bottled water company Celtic Pure has secured a deal with one of the largest food distribution companies in Britain. - Airtricity parent in €19m Phoenix Supply dealThu, May 17, 2012SCOTTISH ENERGY group SSE intends to acquire Phoenix Supply which provides natural gas to around 130,000 domestic and business customers in the North in a deal valued at £19.1 million.
- Tullow Oil expects up to 86,000 barrels a dayThu, May 17, 2012EXPLORATION GROUP Tullow Oil told shareholders yesterday that it expects production from its wells to run at between 70,000 and 86,000 barrels a-day this year.
- BHP cuts back on $80bn expansionThu, May 17, 2012JAC NASSER, chairman of BHP Billiton, said the global mining group had cut back its ambitious $80 billion expansion programme and warned of a further easing of commodity prices.
- Airtricity acquires Phoenix SupplyWed, May 16, 2012Airtricity is set to become Northern Ireland's second largest energy provider following the acquisition, by its parent company, of Phoenix Supply, Northern Ireland’s market leading gas supplier.
- 'Excellent' first half for Tullow OilWed, May 16, 2012Exploration firm Tullow Oil this morning reported an “excellent” first half of the year, as it continues to deliver “outstanding results” from its high impact, exploration-led growth strategy.
- Mild winter hits DCC's oil supply business
Wed, May 16, 2012MILD WINTER weather and high oil prices hit profits at industrial holding group DCC, whose heating oil supply business suffered as demand for its products fell during a key part of the year. - Company likely to consider expansion into transportWed, May 16, 2012SHORTLY BEFORE DCC’s last financial year ended on March 31st, the country was bathed in sunshine and temperatures more reminiscent of May.
- Gas discovery for Cove may rock boat for ShellWed, May 16, 2012EXPLORATION GROUP Cove Energy yesterday reported a new gas find off Mozambique, raising speculation that a new bidder could attempt to trump an existing $1.8 billion offer from Shell for the company.
- Cove reports new gas findTue, May 15, 2012Exploration firm Cove Energy has reported a new gas find off Mozambique, increasing the size of its discoveries in the east African nation by as much as 66 per cent.
- Mild weather hits DCC profitsTue, May 15, 2012Profits at DCC fell last year as mild weather and higher oil prices affected its energy subsidiary.
- Providence reports €5.2m lossTue, May 15, 2012EXPLORATION GROUP Providence lost €5.2 million before tax last year as the company began a major drilling campaign off the Irish coast.
- Rusal reports 84% profit drop as aluminium prices plungeTue, May 15, 2012UNITED COMPANY Rusal, the world’s largest aluminium producer by volume, reported a sharp drop in first-quarter net profit as prices for the metal slump and said it might start cutting production later this year.
- Lonmin reports first-half profit plungeTue, May 15, 2012LONMIN HAS underlined the challenges facing platinum miners, as stoppages held back production in the six months to March and falling prices compounded the pain for the London-listed group.
- Providence narrows losses in 2011Mon, May 14, 2012Exploration firm Providence Resources narrowed its losses last year, reported a pre-tax loss of €5.2 million.
- Cove Energy directors to back Irish coast oil explorationMon, May 14, 2012THREE DIRECTORS of Cove Energy are backing a new venture to explore for oil off the Irish coast.
