World Business News

Good times for U.K. mining company shareholders; dividend outlook boosts from Capita

TABJ - July 25 - It’s a good time for U.K. mining shareholders, who today received £19.1 billion ($31 billion) in payouts for the first quarter, according to figures released by Capita Registrars. This marks a 27 per cent soar on last year’s total ...
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U.S. debt deadline crunches oil pricing, New York, ICE and Brent drip off

TABJ - July 25 - Troubling talk emerged as U.S. lawmakers have proved unable to agree on a deal to tackle (and raise) the nation’s debt limit, in turn impacting on oil pricing and resulting in its first decline for five days. The default ...
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Cairn’s interim interdict: A gagging order or safety measure?

TABJ - July 20 - A court order obtained by Cairn Energy, essentially acting as a gag on Greenpeace for all outgoing media relating to the oil company’s practises in Arctic drilling, has come under public scrutiny. The environmental organisation, which attempted to make ...
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CSG issue crops up again pre-elections for Queensland farming and Senate

TABJ - July 20 - In Queensland, Australia, the farming and agricultural industry is making its fears about coal seam gas (CSG) mining impacts heard, following LNP head Campbell Newman’s “no pillar is more important to the Queensland economy than agriculture,” remark and lobbyists who ...
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Israel embraces green/renewable energy to 2020, grants and policy take shape

TABJ - July 18 - The Israeli cabinet made an incremental move towards generating 10 per cent of its energy through renewable and green energy sources by 2020, Sunday, when it approved a project which sets in place a number of attainable, and impressive, goals ...
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Vallares sets sights on Russian oil elite, press speculates future takeover possibilities

TABJ - July 18 - In June it was announced that former BP chief executive Tony Hayward, and commodities investment honcho Nat Rothschild, would list a new vehicle on the London Stock Exchange. Today it emerged that they will look at up to six potential ...
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NZ has no Minex due to Labour and industry communications breakdown, delays to policy caused

TABJ - July 18 - As the inquiry unfolds into the November deaths of 29 workers at the Pike River coal mine, West Coast New Zealand, it has transpired that there are no approved codes of practise (Minex codes) for underground mining in the nation. ...
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BHP’s $12.1 bn bid for Petrohawk will help more than triple on-year oil holding

TABJ - July 15 - Where mining number one BHP Billiton goes, the masses inevitably follow, so what does the super-uber-major’s $12.1 billion cash bid for independent oil company, Petrohawk, mean in terms of BHP’s interests in U.S. energy? According to Marius Kloppers, BHP’s ...
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Another big buy by Joy Global: $585 for Int'l Mining

TABJ - July 15 - Milwaukee-based Joy Global Inc. will purchase a 41 per cent stake in International Mining Machinery Holdings Ltd, of China, for $585 million, but there are more conditions to this sale than first glances suggest. The buy need to be ...
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BP heads back to offshore Shetlands in North Sea oil and gas play spend of circa £3 billion

TABJ - July 14 - Oil major BP has announced plans worth approximately £3 billion to re-develop the Schiehallion and Loyal oil fields to the west of the Shetland Islands—part of the North Sea oil fields. The company says that having produced just shy ...
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