China will soon issue new regulations to put the brakes on increasing investment in the coal-chemicals industry which has been attracting interest amid soaring oil prices, state media has reported.
“Investment in coal-chemicals projects in China has shown signs of overheating — many proposed plants will face great risk in terms of both technical feasibility and [...]
At least four people were killed and 100 injured when police opened fire on thousands of Bangladeshis trying to storm an office of British coal miner Asia Energy Plc on Saturday, witnesses said.
They were protesting against an open pit coal mine project Asian Energy is planning at Phulbari in Dinajpur district, in the country’s northwest.
Police [...]
MMC Energy, Inc. (BULLETIN BOARD: MMCN) (Deutsche Borse: JU1) today announced that has entered into a non-binding letter of intent to purchase Desert Power L.P., owner of a partially constructed 100 MW power plant located in Rowley, Utah for approximately $3.5M in cash and stock as well as the assumption of accounts payable and $28.7M [...]
MachineTalker®, Inc., developer of smart wireless security networks, has introduced its remote, intelligent sensors into the industrial sensing and control market through an OEM agreement with Sense-Comm Technology, LLC. Sense-Comm has targeted the petroleum industry, power generation companies and water treatment facilities for initial implementations of sensor networks designed to enhance operational efficiency, environmental safety [...]
Uruguay Mineral Exploration bounced off recent lows today after it said it had exceeded the group’s gold production target of 100,000 ounces per annum.
Figures for the year to 31 May showed production of the yellow metal hit 101,287 ounces at an average cash cost of $210 per ounce, the first full year in which that [...]
Superior Oil and Gas Company has reported that Energy Oklahoma is purchasing a 47.5 percent working interest in Superiors four-well drilling program located in Garfield County.
The wells to be drilled are 7,000-foot tests of seven zones that produce in the area of the Skinner, Misner, Mississippi, Oswego, and the principal target zones of the Wilcox [...]
NovaGold Resources Inc., the target of a hostile takeover bid from Barrick Gold Corp. (TSX:ABX), increased its mineral resource estimates Thursday based on results from a drilling program at its Donlin Creek and Galore Creek projects.
The Vancouver miner said its gold measured and indicated resources had been revised upwards by 14 per cent to 20.6 [...]
Statoil has chosen Odfjell Drilling as strategic partner for further development of cooperation in the Norwegian sector of the North Sea. The objective of this cooperation is to improve safety, maintenance, operations and technology within the area.
Statoil emphasizes Odfjell Drilling’s focus on continuous improvement and e-operations as the reason for this partnership. Odfjell Drilling is [...]
Halliburton Co. (HAL) received “multimillion-dollar” contracts from Pioneer Natural Resources Co. (PXD) for drilling and related work in Alaska. A spokeswoman for Halliburton, a Houston oil-field services company, wasn”t immediately available to comment on financial terms. The contracts entail directional drilling, measurement-while-drilling, logging-while-drilling, drilling fluids, cementing, mud logging, and cuttings injection services for Pioneer’s Oooguruk [...]
As Stephen Simpson recently pointed out in Coal Continues to Creak, the markets aren’t exactly stoked about the near-term prospects of companies that harvest the commodity known as “the other black gold.” Despite last week’s rally in coal stocks because of the Energy Information Agency’s prediction of a tightening in the supply/demand equation in 2007, [...]
