In my last column of 2009, I ended on a positive note cautiously claiming that all sectors across the energy supply chain were beginning to see signs of a recovery. Let’s take a look at some of the sectors in more detail.
Weatherford International Ltd has reported Q4 2009 income from continuing operations of US$ 15 million, or US$ 0.02 per diluted share, excluding an after tax loss of US$ 0.06.
India Resources Ltd has signed a Letter of Intent with Bankura DRI Mining Manufacturers Co. Private Ltd for a 30 year contract worth about AU$ 500 million to develop and operate the Biharinath coal mine.