Posts Tagged ‘said-it-would’

New World raises exploration funds

by on October 9, 2012 7:47 am BST
The company raised the money through the issue of almost 95.6 million new ordinary shares at a price of nine pence per share.New World said it would use the funds to drill a third well on its Blue Creek project in the Peten basin in north-west Belize. The well

Ecuador ordered to pay Oxy $1.77bn

by on October 5, 2012 11:36 pm BST
The Andean country said it would appeal the decision, Reuters reported.The Ecuadorean government decided to terminate Oxy's contract in May 2006, arguing that the company had sold a stake in its operations without government consent."Claimants are awarded the amount of $1.769 billion," said the award ruling posted on

Iran eyes gas exports to Iraq by 2013

by on October 1, 2012 1:54 am BST
Iran has completed more than 25% of a pipeline to Iraq that could carry up to 25 million cubic metres per day of its natural gas to Iraq managing director of the National Iranian Gas Company, Javad Owji, was quoted as saying by the Mehr news agency over the weekend."Currently

Euro pares gains vs dollar, remains at 4 month high

by on September 13, 2012 7:39 pm BST
NEW YORK, Sept 13 | Thu Sep 13, 2012 3:39pm EDT NEW YORK, Sept 13 (Reuters) - The euro pared gains against the dollar in choppy trade on Thursday, but remained at a four month high after the Federal Reserve announced another aggressive stimulus program to bolster the U.S. economy. In a significant shift