Business News

BP signs $12 billion energy deal in Egypt

Sat Mar 14, 2015/Reuters Oil company BP has signed an agreement to invest $12 billion in Egypt that will produce 3 billion barrels of oil equivalent, a joint statement from the company and the government said on Saturday. The deal, finalised at an international investment conference in the Sharm El-Sheikh […]

GSK launches $890mln placement in Aspen Pharmacare – source

Thu Mar 12, 2015/Reuters GlaxoSmithKline has launched a $890 million share sale in South African drug company Aspen Pharmacare, a source familiar with the matter said on Thursday. GSK said earlier on Thursday that it had launched the sale of around half its holding in the company. A price range […]

Oando Energy Resources Announces Production Increase on Qua Iboe Field to 2,150 BOEPD Gross

By Yakubu LAAH InvestAdvocate Lagos (INVESTADVOCATE)-Nigerian oil and gas exploration and production firm, Oando Energy Resources Inc. (OER) said on Monday it has increased production in its Qua Iboe field, and associated crude delivery and sales infrastructure, with commercial production at 2,150 boepd Gross. OER said the commercial oil production […]