Abhiram's Feed
Nov 21, 2014

Ophir Energy offers to buy Salamander in SE Asia push

Nov 21 (Reuters) – Ophir Energy Plc offered to buy
Salamander Energy Plc for about 267 million pounds
($419 million) in an all-stock deal to help the British oil and
gas explorer expand in southeast Asia.

Ophir, which has exploration assets scattered throughout
African waters, would acquire an oilfield already in production
off Thailand’s coast as well as a gas field and concessions in
Indonesia, if the deal goes through.

Nov 6, 2014

Randgold output rises as Congo mine ramps up

Nov 6 (Reuters) – The chief executive of Randgold Resources
Ltd said production will be towards the top end of the
miner’s full-year forecast as its big new project in the
Democratic Republic of Congo picks up speed.

Randgold’s shares rose as much as 1.6 percent in early
trading on Thursday after the company reported record quarterly
gold production.

Nov 5, 2014

Centamin cuts gold production forecast at Egyptian mine

Nov 5 (Reuters) – Centamin Plc cut its full-year
production forecast for the only gold mine it operates, citing
lower grades of the underground ore being mined in the current
quarter and reduced productivity of its plant in October.

Centamin’s shares fell as much as 14.9 percent in early
trading on the London Stock Exchange, the most they have fallen
in a single day since May 2013. The stock was one of the top
losers on the FTSE-250 Midcap Index.

Oct 14, 2014

Oil producer Afren fires CEO, 3 other execs in scandal

Oct 14 (Reuters) – British oil and gas producer Afren Plc
sacked its chief executive, chief operating officer and
two associate directors after an independent review into
unauthorised payments found evidence of “gross misconduct”.

Shares in the company rose as much as 6.6 percent on Tuesday
morning, which an analyst said was mainly on the conclusion of
the review and that the incidents would not affect Afren’s
operations.

Aug 29, 2014

Afren shares drop after Kurdistan shutdown prompts production forecast cut

BANGALORE/LONDON, Aug 29 (Reuters) – Oil explorer Afren
slashed its full-year production forecast by 20 percent
on Friday after counting its losses from the shutdown of
operations in Iraqi Kurdistan, dragging its shares to their
lowest level in more than 2-1/2 years.

The forecast cut came a day after the company suspended two
senior employees as part of an investigation into the alleged
receipt of “unauthorised payments” that had already lead to the
temporary suspension of its chief executive and chief operating
officer.

Aug 26, 2014

Petrofac forecast in doubt after first-half profit nearly halves

Aug 26 (Reuters) – British oil and gas services company
Petrofac Ltd reported a steeper-than-expected fall in
first-half profit, raising concerns that it might not meet its
full-year earnings forecast.

Petrofac’s shares fell as much as 3.5 percent on Tuesday
after the company said first-half profit almost halved, hurt by
slow progress at some of its projects – a warning it had issued
in May.

Aug 21, 2014

London Mining says Ebola outbreak could hit iron ore production

Aug 21 (Reuters) – London Mining Plc, whose only
operating mine is in Sierra Leone, reported a first-half loss
due to a drop in iron ore prices and said the outbreak of the
deadly Ebola virus across West Africa could hurt production in
the second half.

The company’s shares fell as much as 19 percent to 32.50
pence on morning trading, making them the biggest percentage
loser on the London Stock Exchange on Thursday.

Aug 7, 2014

Engineering firm Amec cuts full-year sales growth forecast

Aug 7 (Reuters) – Amec Plc, a British engineering
and project management firm, cut its revenue growth forecast for
this year as customers cut back on oil and gas exploration.

Amec’s shares fell as much as 3.3 percent after it reported
a 30 percent fall in first-half profit as a stronger pound
overshadowed an increase in orders.

Aug 1, 2014

Direct Line says in talks to sell German, Italian units

Aug 1 (Reuters) – Direct Line Insurance Group,
Britain’s largest motor insurer, is in talks with “a number of
parties” to sell its businesses in Germany and Italy, the
company said on Friday.

Sources told Reuters last month that Direct Line was in
advanced talks with at least four suitors to sell the
businesses. One of the sources said they had a combined value of
about $500 million.

Jul 31, 2014

Laird profit leaps as phone makers snap up electronics

July 31 (Reuters) – Laird Plc posted a 57 percent
rise in first-half pretax profit, driven by strong demand for
products that improve mobile signal clarity and prevent
smartphones from overheating.

The company’s shares rose more than 7 percent to rank among
the top percentage gainers on the FTSE-250 index.

    • About Abhiram

      "Abhiram is a journalist for the Bangalore bureau -- sending out headline alerts for Indian, U.S., Canadian and Australian companies. He is also the only metal-head in the bureau."
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