ECG Engineering Consultants Group S.A. is a group of highly qualified consultants whose expertise in large and complex projects covers all major disciplines of design and construction management/supervision and lies behind some truly outstanding building throughout the Middle East and beyond.

Afric Oil, South Africa’s first BEE oil company, is embarking on a strategy to achieve security of supply and growth in the marketplace, as finance director Mangadi Dikotla explains to Gay Sutton.

UK-based Subsea 7 has won a contract worth $185 million from Elf Exploration UK on the West Franklin Field in the Central Graben area of the North Sea.

The scope of the subsea, umbilicals, risers and flowlines (SURF) contract includes engineering, procurement, fabrication, installation and commissioning of the Sealine Package associated with the West Franklin Phase 2 Development.

Irish industrial services group DCC has agreed to acquire the Swedish fuel distributor Swea Energi for €22.7 million.

Swea is the leading distributor of heating oils and transport fuels to domestic, commercial and industrial customers in Sweden. Headquartered in Kungsbacka, near Gothenburg, Swea sells approximately 500 million litres of oil per annum to customers throughout Sweden. The company employs a total of 54 staff across a network of seven sales offices with transport outsourced to a number of regional hauliers.

Peabody Energy today announced the completion of its acquisition of Macarthur Coal Limited, and has notified the Australian Securities Exchange to delist Macarthur.

Peabody is the world's largest private-sector coal company, with 28 surface and underground mines across the United States and Australia.

A Balfour Beatty joint venture has been awarded a £414 million contract by Bord Gais Networks in the Republic of Ireland.

The infrastructure group, along with CLG Developments Ltd, was awarded the nine-year contract for the installation and maintenance of vital gas transmission and distribution networks across Ireland, including the delivery of new construction, emergency response and planned maintenance services.

Work will begin early in the New Year, Balfour Beatty said.

IBM today unveiled the sixth annual "IBM 5 in 5", a list of innovations that have the potential to change the way people work, live and interact during the next five years.

This year's five in five are:
People power will come to life
You will never need a password again
Mind reading is no longer science fiction
The digital divide will cease to exist and
Junk mail will become priority mail.

The IBM 5 in 5 is based on market and societal trends as well as emerging technologies from IBM's research labs around the world.

Iran’s Petroleum Engineering and Development Company has signed a deal with Russia’s Tatneft to develop the dormant Zagheh heavy oil field in Iran.

Zagheh is located 25 kilometres from the port city of Deilam.

The deal, which was signed yesterday, will bring production capacity at the oil field to 7,000 barrels per day in the first phase and 55,000 in the second phase.

The first well of the oil field, which was drilled many years ago, had been abandoned; however there are now plans to gain more accurate data on the heavy oil field.

Chilean mining operator Cerro Grande Mining Corporation has reported record financial results for its fiscal year ended September 30, 2011.

Revenues from gold, copper and silver sales came in at US $24,289,000 compared to US $10,959,000 in the same period last year. Net earnings were a positive US $3,425,000 compared to a negative (US $5,248,000) last year.

US-based high tech multinational United Technologies Corp has said it expects profits to rise by 6 to 10 percent in 2012.

During a meeting with investors and analysts Thursday, chairman & chief executive officer Louis Chênevert reaffirmed the company’s expectation for 2011 earnings per share of $5.47 on sales of approximately $58 billion.

For UTC’s base business, excluding the impact of the $16.5 billion acquisition of Goodrich Corp, Chênevert also projected 2012 earnings per share of $5.80 to $6.00, up 6 to 10 percent.