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  • MILAN, Feb 2- Italian oil services group Saipem said on Tuesday it would appeal an Algerian court ruling ordering one of its units to pay a 34,000 euro fine for allegedly inflating prices on contracts to build a gas pipeline. The company, which is jointly controlled by oil major Eni and state lender fund FSI, is also in the midst of a highly-dilutive 3.5 billion euro...

  • Jan 30- Iran has cancelled an oil conference in London next month, when Tehran was expected to reveal its new oil and gas contracts to investors, apparently over a delay in getting visas, the Seda weekly on Saturday quoted a senior Iranian official as saying. The deputy head of National Iranian Oil Co. also said foreign companies would be invited in May to bid for new...

  • WASHINGTON, Jan 27- The Pentagon views public-private partnerships as the best way to end U.S. reliance on Russian rocket engines, and plans to award contracts for such arrangements in fiscal 2017, Deputy Defense Secretary Robert Work said in a letter obtained by Reuters. Work told Senate Armed Services Committee Chairman John McCain in the letter dated Jan. 26...

  • Jan 22- United Continental Holdings Inc and its pilots union approved an extension of the labor contract that covers United's 12,000 pilots, while also paving way for a 22 percent wage hike by 2018.. Out of the 10,569 eligible pilots, 90.94 percent participated in a ratification vote and 79 percent of them approved the agreement, the Air Line Pilots Association...

  • "I had made a mistake in denying the motion," Sontchi said, adding the matter would go forward at a hearing on Friday morning in Bankruptcy Court in Delaware. Concerned about leaks from confidential mediation in Molycorp's Chapter 11 bankruptcy, Sontchi last week ordered 123 people to disclose their contacts with Bloomberg reporters over the prior 60 days.

  • Bankruptcy Judge Christopher Sontchi in Wilmington, Delaware last week ordered 123 people to disclose by the end of Tuesday their contacts with Bloomberg reporters regarding Molycorp over the prior 60 days. Bloomberg has reported, citing unidentified sources, that a confidential mediation ordered by Sontchi failed to produce a consensual plan to end the...

  • Japan's Cosmo Oil buys U.S. crude cargo -NHK Monday, 18 Jan 2016 | 7:23 PM ET

    TOKYO, Jan 19- Japan's Cosmo Oil Co has purchased a U.S. crude oil cargo, the first purchase by a Japanese buyer since the ending of a four-decade ban on most U.S. crude exports, public broadcaster NHK said on Tuesday. Cosmo Oil has signed a contract with a U.S. oil firm and the 300,000 barrel cargo is scheduled to be exported from Houston in late February, NHK said, without...

  • FRANKFURT, Jan 18- Herrenknecht, a German tunnelling company that helped to build the Tehran metro in the 1990 s, is ready to pounce on projects it expects to be put up for tender by Iran following the lifting of international sanctions, its chairman told Reuters. Iran emerged from years of economic isolation when world powers lifted sanctions over the weekend in...

  • Jan 15- The owner of the Trump Taj Mahal casino in Atlantic City, New Jersey, may break its agreement with union workers, a U.S. appeals court ruled on Friday, potentially clearing the way for the company to exit Chapter 11 bankruptcy. The union, Unite Here Local 54, appealed. In Friday's ruling, a three-judge panel of the 3rd U.S. Circuit Court of Appeals in Philadelphia...

  • Jan 15- The owner of the Trump Taj Mahal casino in Atlantic City, New Jersey, may break its agreement with union workers, a U.S. appeals court ruled on Friday, potentially clearing the way for the company to exit Chapter 11 bankruptcy. The union, Unite Here Local 54, appealed. In Friday's ruling, a three-judge panel of the 3rd U.S. Circuit Court of Appeals in Philadelphia...

  • NASA set to award space station cargo contracts Thursday, 14 Jan 2016 | 12:17 PM ET

    CAPE CANAVERAL, Fla., Jan 14- A three-way competition to fly cargo to the International Space Station for NASA has ended, and the U.S. space agency is set to announce the winners on Thursday. A news conference is scheduled for 4 p.m. EST to unveil the winning bids, NASA said. NASA previously eliminated proposals from Boeing Co and Lockheed-Martin for space station...

  • WASHINGTON, Jan 13- The U.S. Air Force has awarded contracts to Orbital ATK Inc and privately-held Space Exploration Technologies to develop prototypes of new U.S.-built rocket engines under a broader effort aimed at ending reliance on Russian-made engines, the Pentagon announced on Wednesday. Orbital ATK won an initial contract worth $47 million to...

  • SAN FRANCISCO, Dec 29- A federal judge granted approval for coal producer Walter Energy Inc to reject its labor agreements and end retiree benefits, which the bankrupt U.S. company said was needed in order to sell off its operations, given the industry's dire straits. "The court finds credible that no potential buyers have an interest in assuming such obligations,...

  • MOSCOW, Dec 24- Russia's Gazprom has awarded Stroygazmontazh contracts worth 197.7 billion roubles for work on building the Power of Siberia gas pipeline to China, tender documents published on a government website http://zakupki.gov.ru/ showed. SGM, engaged in construction work for the oil and gas industry, is owned by Arkady Rotenberg, an ally of Russian...

  • *SOMO to supply about 160,000 bpd Basra Heavy to India in 2016. *Reliance signs 1st term contract with SOMO for about 100,000 bpd. SINGAPORE, Dec 23- Iraq has signed deals worth $1.4 billion to ship about 160,000 barrels per day of crude to two Indian refiners in 2016, sources said, upping the ante in a race among exporters to cement their market share in Asia- the...

  • Dec 21- Office supply retailer Staples Inc said the U.S. Federal Trade Commission had rejected its offer to divest up to $1.25 billion of commercial contracts to secure approval for its acquisition of smaller rival Office Depot Inc.. Staples said on Monday it was willing to continue talks with the FTC to reach a settlement to address the antitrust regulator's...

  • BERLIN, Dec 17- Volkswagen's former chief executive Martin Winterkorn will be paid by the carmaker until his contract expires in a year's time, sources close to the company's supervisory board said. VW's supervisory board agreed that the 68- year-old's contract could expire at its due date on Dec. 31, 2016, the sources said, confirming a report by Germany's...

  • BUDAPEST, Dec 17- Hungary's government told ministries and other state institutions to cancel subscriptions with Magyar Telekom on Thursday in a row over the telecom operator's decision to end a sponsorship deal with a pop singer over his remarks about women. The government, which has made waves in recent days with a conservative take on gender equality, said...

  • Alcoa lands two Boeing contracts worth more than $2.5bln Thursday, 17 Dec 2015 | 10:00 AM ET

    CHICAGO, Dec 17- Metals company Alcoa Inc said on Thursday it has signed two long-term supply contracts with plane manufacturer Boeing Co worth more than $2.5 billion that will be part of its value-added business once the company splits in the second half of 2016.. "This is a major contract for us," Alcoa Chief Executive Klaus Kleinfeld told Reuters.

  • Dec 16- Wall Street's industry-funded watchdog should create a pool of specially trained arbitrators to hear cases from brokers who request to clean up their public disclosure records, an arbitration task force said on Wednesday. The proposed change, aimed at bolstering existing rules on removing customer complaints from brokers' records, was one of 51...