Drilling & production - 16 November 2010

Continental Coal’s South African subsidiary has completed the US$ 35 million acquisition of unlisted South African thermal coal mining and export coal producing company, Mashala Resources.

Viking Moorings, today announced that it has signed an exclusive international agency agreement with Mainticare Ltd, one of the largest marine and oilfield services contractors in Malta.

Gas has a vital role in the UK’s future energy mix, said Energy Minister Charles Hendry.

Petrobras has awarded a two year US$ 110 million contract to Subsea 7 for the exclusive use of its Lochnagar pipelay vessel for two years.

Caterpillar Inc. and Bucyrus International have entered into an agreement by which Caterpillar will acquire Bucyrus for US $ 8.6 billion, expanding Caterpillar's leadership in the mining equipment industry.