World Business News

Top 41 oil players push through to January-planned mass auction of Iraq oil reserves contracts

CBJ - August 8 - The ministry of Iraq, the nation home to the world’s third largest oil reserves, has announced that 41 global majors have made it through to the next round of bidding, scheduled for January, for 12 exploration blocs. These blocs ...
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Have you booked in for Petrochem Arabia? October 9-11 promises industry-wide converge

CBJ - August 4 - A date penned in the oil and gas industry’s diary for many months now draws near: the Petrochem Arabia conference on October 9—11, and anticipation continues to mount as expectations for growth opportunities within the Kingdom’s petrochemical conversion industries are ...
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Petroleum Development Oman awards contract for solar steam oil tech regional first play

CBJ - August 4 - The Middle East’s role in oil extraction, exportation and its dominant market presence are well-defined and this looked set to continue—however future extraction takes shape—after Petroleum Development Oman dealt out a contract for the region’s first ever steam generating solar ...
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Diggers & Dealers delivers plenty of news

CBJ - August 2 - One of the mining industry’s biggest, most notable conferences, the Diggers and Dealers forum in Kalgoorlie, has kicked off to raucous headlines as figureheads speak out on topics ranging from the flurry of mergers recently taking place, to Australia’s embattled ...
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BP bomb detonation work shuts down key production pipeline for U.K companies

CBJ - August 2 - British Petroleum (BP) has been readying to detonate an unexploded device, said to be a bomb, since discovering it on Sunday in the North Sea, off the coast of Peterhead. In doing so, the company has had to shut down ...
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IKEA is flying Solar

CBJ - August 2 - The internationally recognised home furnishings retailer IKEA Group has made plans to source more of its energy from renewable sources.  The furniture giant has also recently purchased a wind farm in Huntley, northeast Scotland from Good Energies Capital Inc., for ...
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Walmart seafood deal set to net profit

CBJ - July 26 - Lonrho Plc, a U.K. holding with stakes in transportation and agribusiness companies in Africa, have revealed that a deal by its Oceanfresh unit to supply seafood to Wal-Mart Stores Inc. will markedly increase its sales in the U.S. ...
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India-Africa network will give trade welcome boost

CBJ - July 26 - The India-Africa Business Network, launched at the Gordon Institute of Business in Johannesburg, is set to boost trade and open new business and investment channels between India and South Africa. Speaking at the launch, Trade and Industry Minister ...
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China and Africa business forum looms

CBJ - July 26 - The China Africa Business Forum will be held at the Gallagher Convention Centre in Johannesburg, South Africa on 20 October 2011. The forum will host trade and industry professionals, investors and diplomatic representatives to discuss how to increase trade between ...
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Merkel makes energy talk

CBJ - July 26 - Germany is seeking to bolster renewable energy trade with Africa, Chancellor Angela Merkel said, during her recent visit to the continent. German solar power entrepreneurs see Africa as a potentially huge market for their products and part of Merkel's ...
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The Canadian economy is forecasted to grow by 2 per cent in 2012. Can we reach that level, or will the ongoing global crises prevent it?