Schlumberger, Subsea 7 in talks to form oil services JV
OSLO, Feb 25 (Reuters): Schlumberger, the world's largest oilfield services firm, and smaller peer Subsea 7 said recently they were entering exclusive talks to form a joint venture to deliver subsea installations and services for oilfields.The news lifted Subsea 7 shares on hopes the talks could be the first step...
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Bahrain’s Alba on track to complete debt financing for smelter expansion
MANAMA, Feb 25 (Reuters): Aluminium Bahrain (Alba), owner of one of the world's largest aluminum smelters, will raise by the end of this year's first quarter the final debt amount needed to fund its Line 6 expansion project, a company official told Reuters.With Line 6, Alba will become the world's...
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Qantas outlines pilot academy plans as profit soars
YDNEY, Feb 25 (AFP): Qantas Airways posted a bumper 17.9 per cent jump in interim net profit recently and announced a share buyback, while outlining plans to create one of the southern hemisphere's biggest pilot academies.The Australian carrier's result came in at Aus$607 million (US$473 million), with a strong performance...
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Pan African Resources to cut 1,722 jobs at Evander Gold Mine
JOHANNESBURG, Feb 25 (Reuters): South Africa's National Union of Mineworkers (NUM) on Sunday said that Pan African Resources would cut 1,722 jobs at its Evander Gold Mine in the country's Mpumalanga province.The NUM said the company, which has a total workforce of 1,812 people at the mine, informed the union...
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