BP has made its ninth discovery in its
deep water block off Angola and should yield about 6,000 barrels
of oil a day.
Royal Dutch/Shell has been granted
permits to explore for oil and gas in the Espirito Santo basin
off the Brazilian coast.
Magnesium International, an Australian
company, has appointed Peter Sydney-Smith as finance director.
Mr Sydney-Smith held the same position at Vedanta Resources, the
Indian metals group, until August.
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