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Sale of additional leases in Gulf of Mexico draws $1.2bn in bids for US

2013-03-22 01:00:00| Offshore Technology

The US Government's sale of a nine million-acre of oil and gas leases in the central Gulf of Mexico has attracted $1.2bn in high bids for tracts on the US Outer Continental Shelf offshore of Louisiana, Mississippi and Alabama.

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Transport for London invites bids for Crossrail operator

2013-03-14 01:00:00| Railway Technology

Transport for London (TfL) has invited bids to operate Crossrail services, with the first phase of the project scheduled to be opened in May 2015 between Liverpool Street and Shenfield.

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Hostess: No other bids to buy Twinkies

2013-03-12 20:53:57| Chemicals - Topix.net

The clubhouse at Bright House Field thinned out a little more this morning. The Phillies optioned Tyler Cloyd, Tyson Gillies, B.J. The Wilmington-based DuPont company was named first runner-up in the Global PR Campaign of the Year, recognized as a world leader in public relations.

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Czech Republic cancels mobile auction after bids go too high

2013-03-11 09:13:00| Telecompaper Headlines

(Telecompaper) Czech regulator CTU canceled the auction of frequencies in the 800, 1,800 and 2,600 MHz bands, after bids became too inflated. The last bids for the spectrum exceeded CZK 20 billion and were still growing. The CTU said the main objective of the auction is supporting LTE and the eventual entry of a fourth operator on the market, not income to the state budget. The current level of bids is not feasible and would lead to a dramatic and overall price increase for new 4G services and a significant delay in deployment of LTE networks, the regulator said. CTU prepared the auction terms in line with other EU auctions and with the consulting company Grant Thornton. CTU decided to cancel the auction based on a continuous monitoring of the auction and evaluation of experience in countries which completed auctions. For example, in the Netherlands, the auction late last year resulted in prices several times more than original estimates. Such auction results were also criticized by the EU commissioner Neelie Kroes. Participants in such auctions often face problems securing a return on the cost of the licences, which impacts investments and prices for end-users. CTU is currently reviewing the auction conditions. The cancelled auction was launched on 12 July 2012, and the participants were Vodafone Czech Republic, T-Mobile Czech Republic, Telefonica Czech Republic, and PPF Mobile Services (private equity fund of Petr Kellner).

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Report: ThyssenKrupp gets final bids for Steel Americas plants

2013-03-03 00:44:02| Steel - Topix.net

Final bids are in for ThyssenKrupp AG's carbon steel plants in Brazil and Alabama, but they are expected to fall far below what the company hoped to get for its Steel Americas unit, the Wall Street Journal reported .

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