Oil prices inched up Friday on market expectations that a current standoff between the West and
Iran over the country’s nuclear program would unlikely result in major sanctions against
OPEC’s second-largest producer.
Light, sweet crude for October delivery gained 9 cents to $70.35 a barrel in Asian electronic trading on the New York Mercantile Exchange.
The contract on Thursday [...]

Production resumed at Latin America’s biggest gold mine, in northern Peru, after management agreed to talks and protesters defending their water supply lifted road blocks.
The inhabitants of Combayo stopped their protest “as a good will gesture to reach a peaceful and equitable solution to the controversy,” cabinet chief Jorge del Castillo told reporters late Wednesday.
Production [...]

A progressive Northeastern petroleum distributor has become the first petroleum company in the nation to earn the status of “certified marketer” for selling biodiesel.
The achievement marks a significant occasion as the biodiesel industry goes into overdrive to ensure that consumers receive only the highest quality fuel in their tanks.
Sprague Energy, Inc., a New Hampshire-based energy [...]

Sydney Mines Development Co. has withdrawn a request to change the county’s comprehensive plan for a 1,700-acre mixed-use development southeast of State Road 60 and Sydney Washer Road.
The County Commission unanimously accepted the withdrawal. A revised plan for the property is about a year away, said Carter McCain, an attorney representing the developer.
The company had [...]

Sanatana Diamonds Inc. (TSX VENTURE: STA)(AIM: SAN) wishes to report on the spring 2006 drill program in and around the Kilekale Lake area at the Company’s Mackenzie Diamond Project, located near Great Bear Lake in Canada’s Northwest Territories.
Drilling at the Kilekale Lake Targets - Spring 2006
The Kilekale Lake area was defined as a possible kimberlite [...]

Edge Petroleum says since June 30, 2006 the company has drilling nine wells with all of them being successful, resulting in a year to date total of 44 wells drilled with an 84% apparent success rate. One well in the south Texas Queen City trend is currently drilling and in Arkansas in the Fayetteville shale [...]

Adanac Moly Corp. (TSX VENTURE: AUA)(PINK SHEETS: ANCGF)(FWB: A9N) (”ADANAC”), is pleased to announce the completion of the first phase of its 2006 drill programme on the Ruby Creek Molybdenum Project, located 34 kilometres NE of Atlin, British Columbia. It has drilled thirteen holes, for a total depth of 2,688 metres in the Phase 1 [...]

Sevuralboksitruda (SUBR), a bauxite mining division of the SUAL Group (RTS: SUAL), plans to increase annual production to 4.2 million tonnes of bauxite by 2013 from an expected 3.2 million tonnes this year.
The investment department of SUAL Holding [...]

Golden Tag Resources Ltd.(TSX VENTURE: GOG) (”the Company”) is pleased to report the commencement of surface diamond drilling on the San Diego property in Durango State, Mexico. Preliminary road construction has been completed (see Company news release of August 2, 2006)) and one surface diamond drill has been mobilized to site. The field program is [...]

Goodrich Petroleum Corp., an oil and gas explorer and producer, said Thursday its bank group approved a boost in its credit facilities to help fund its drilling program in the Cotton Valley trend in Texas.
The company said its bank group approved a $45 million increase in the borrowing base to $150 million, effective immediately. Goodrich [...]