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Business News Archive - October 31, 2008

China was hit by three separate coal mine disasters on the same day, with at least four workers confirmed dead. All three disasters occurred Wednesday, two of them in northwest Shaanxi Province and the third in central Henan Province, the state-run Xinhua news agency reported.

Russian gas major Gazprom and Petrovietnam have signed a 30-year oil and gas contract for blocks 129, 130, 131 and 132 on the Vietnam continental shelf. The contract stipulates exploration, development and production of hydrocarbons in these blocks offshore Vietnam.

UniSource Energy Corp. (NYSE: UNS) officials will discuss the company's 2008 third quarter financial results during a conference call hosted by James S. Pignatelli, UniSource Energy chairman, president and chief executive officer.

German utility major E.ON and the French government-funded technological research organization Commissariat a L'Energie Atomique have agreed to co-operate in the field of nuclear energy research.

Empire Energy Corporation International (OTCBB:EEGC) today announced, along with its wholly owned Australian subsidiary Great South Land Minerals Ltd.

Highlights (for nine months ended 30/9/2008): -- Revenue increased by 42.7% YoY to RMB1,620.5 million -- Net profit increased by 23.1% YoY to RMB300.7 million -- Gross profit margin was 25.0% compared to 25.6% in 9M2007 -- Basic earnings per share were RMB30.07 cents SINGAPORE, Oct.

Origin Energy has announced the completion of the transaction with ConocoPhillips to form Australia Pacific LNG, a coal seam gas-to-liquefied natural gas joint venture, with Origin receiving an upfront payment of $5 billion from ConocoPhillips.

The TGI Solar Power Group and European Estate Capital, a regional solar developer, have announced plans to collaborate on a 10MW power station to be located in the Czech Republic.

Origin Energy has announced that the first gas turbine was installed at its Darling Downs power station site near Dalby in southern Queensland, Australia, marking the commencement of the next phase of construction on the A$780 million project.

Word of the Day
whirret
  • To give a box on the ear to.
The word 'whirret' may be onomatopoeic.