Pioneer Drilling Co., which provides drilling services to the oil and gas industry, on Thursday said its fiscal third-quarter profit climbed 74 percent due to a spike in the number of rigs in its fleet, but still fell below Wall Street expectations.
Net income for the quarter ended Dec. 31 jumped to $24 million, or 48 [...]

Canoro Resources has suspended drilling of the Amguri 10 appraisal well on the Amguri development block in northeast India, pending collection of additional information. The company will now conduct a Vertical Seismic Survey (VSP) in the well bore and analyse other geophysical data. The VSP’s principle role is to assist in calibrating the 3D seismic [...]

Petrolia Drilling ASA has on February 1, 2007 entered into an agreement to purchase 25,000,000 shares in Petrojack ASA by way of a share capital increase of 163,204,747 new shares in Petrolia Drilling.
Petrolia Drilling has entered into an agreement to purchase 25,000,000 Petrojack shares from IOT Holding ASA for a total consideration of NOK 550,000,000(equal [...]

Switzerland was shaken by the fourth earthquake in two months linked to geothermal drilling in Basel, the country’s third-largest city, the Swiss Seismological Service said. No injuries or damage was reported.
The epicenter of the 5 a.m. quake was a 5-kilometer-deep (3- mile) borehole drilled in the Kleinhueningen district of Basel in northern Switzerland that borders [...]

A new exhibit featuring more than a hundred copper mineral specimens opens Saturday at the University of Arizona’s Flandrau Science Center, 1601 E. University Blvd.
The exhibit, “The Many Faces of Copper,” offers visitors a look at native copper specimens, along with deep blue azurite, rich green malachite pieces and other copper minerals, UA said in [...]

Copper prices dropped in the early stages of U.S. trading on Friday. This took the metal below the trading range that has held it over the past few weeks and brought it to a new multi-month low.
There was a drop at the outset of trading and a continued slide in the first few minutes. The [...]

Shanghai copper futures fell 1.4 percent on Friday, under pressure from weaker London futures and rising international exchange stockpiles.
The most active April contract was down 750 yuan at 52,380 yuan ($6,751) a tonne at the close on Friday, and copper for delivery in three months on the London Metal Exchange was down $10 at $5,590 [...]

Hindustan Copper Ltd. , India’s third-largest copper producer, is planning to revive a closed copper ore mine with annual capacity of 450,000 tonnes before the end of 2007, a company official said on Friday.
Deals have also been signed with arms of four overseas firms for exploring other copper deposits in India.
“Maybe we will have a [...]

A state Senate committee rejected a request by Buchanan County residents to limit the dumping of salty mine water into a tributary of the Ohio River.
Consolidation Coal Co. has received a state permit to dump salty water from its Buchanan No. 1 mine, the state’s largest coal mine, into the Levisa Fork River, a [...]

Ansonia Copper and Brass Co. will be laying off about half its workers at in the next few months, the copany president announced Thursday.
Company president Ray McGee said 84 employees would be laid off effective April 2. Around 160 people work at the factory.
McGee said rising utility costs, particularly natural gas and oil, forced the [...]