News archive for December, 2006

Pakistan plan to mine border angers Karzai

December 29th, 2006
Pakistan plan to mine border angers Karzai

President Hamid Karzai criticized Pakistan’s plan to mine and fence its border with Afghanistan, saying Thursday that it will separate families but not prevent terrorism.
Karzai’s remarks came two days after Pakistan said it would plant land mines and build a fence on parts of its 1,510-mile frontier with Afghanistan.
The Pakistani move was an effort [...]

Richardton ethanol plant gets started

December 29th, 2006
Richardton ethanol plant gets started

An ethanol plant here is finally up and running.
The Red Trail Energy LLC plant began grinding corn Tuesday to start making ethanol, chief executive officer Mick Miller said.
“We are up and running, the plant is online,” Miller said. “We will stay running and start up more and more of the plant as we go.
“The combustors [...]

India, Sri Lanka sign agreement on Trinco coal plant

December 29th, 2006
India, Sri Lanka sign agreement on Trinco coal plant

The process of site selection for the establishment of the planned coal-fired power plant in Trincomalee is expected to commence in the near future as the Government of India and the Government of Sri Lanka signed an agreement Friday at the Sri Lankan Presidential Secretariat in Colombo, according to a press release issued by [...]

Increase in projected cost to build a new facility throws into question the proposal’s future.

December 29th, 2006
Increase in projected cost to build a new facility throws into question the proposal’s future.

Westar Energy has postponed deciding where to build a new coal-fired electricity plant, saying higher costs mean it may not be the cheapest way to meet future power demands.
The Topeka-based utility had planned to pick a site by the end of the year, and spokeswoman Gina Penzig said it had narrowed the number of potential [...]

Western Troy Plans Drilling at MacLeod Lake

December 29th, 2006
Western Troy Plans Drilling at MacLeod Lake

Troy Capital Resources Inc. announced that it will perform a 2000 meter drilling program at MacLeod Lake in February and March of 2007. The company has sufficient funds to perform the program and continue operating the company through mid-2008 without diluting existing shareholders with additional share offerings.
Western Troy’s President, Rex Loesby, commented, “We are having [...]

Standard Drilling Extends Letter of Intent with UMW Petropipe

December 29th, 2006
Standard Drilling Extends Letter of Intent with UMW Petropipe

Standard Drilling reports that the previously announced letter of intent with UMW Petropipe (L) Ltd has been extended through the end of January 2007.
The Parties expect to conclude the agreements (share sale agreement, joint venture agreement, shareholder agreement and management agreements in respect of the operations of the jackup rigs) before the end of January [...]

South Korea Energy Minister Offers Resignation To President

December 29th, 2006
South Korea Energy Minister Offers Resignation To President

South Korea’s Minister of Commerce, Industry and Energy Chung Sye-Kyun offered to resign to President Roh Moo-Hyun Thursday and the presidential office will likely announce his replacement soon, a ministry spokesman said Friday.
“Minister Chung has been saying that he would resign once the national budget for 2007 is approved by the National Assembly and return [...]

Chile: Glencore eyes Isla Riesco coal auction

December 29th, 2006
Chile: Glencore eyes Isla Riesco coal auction

Switzerland-based private resource company Glencore International has shown an interest in the upcoming auction of the Isla Riesco coal concessions in Chile’s far south, a government official told BNamericas.
“Glencore has consulted about Isla Riesco,” said Leonardo Valenzuela, asset management executive of SEP, part of Chilean state development agency Corfo.
Glencore, through its subsidiaries, is both a [...]

Big Sky Energy Commences Drilling Of Well No. 18 For Ogai Field In Western Kazakhstan

December 29th, 2006
Big Sky Energy Commences Drilling Of Well No. 18 For Ogai Field In Western Kazakhstan

Big Sky Energy Corp. announced that it has commenced drilling of Well No. 18 for the Ogai Field, which is located in its Morskoe Block on the north-eastern shore of the Caspian Sea in Western Kazakhstan. Based on seismic and petrophysical analyses, the company believes that the Ogai structure is a faulted anti-cline that is [...]

Nuclear energy solution too slow, say Greens

December 29th, 2006
Nuclear energy solution too slow, say Greens

The Greens say the findings of a prime ministerial task force on nuclear energy are bad news for the nuclear industry.
Prime Minister John Howard released the final report of the review into nuclear energy, uranium mining and processing this morning.
Greens Senator Christine Milne says the report shows uranium will not be a suitable energy alternative [...]