Iran’s Pars Oil and Gas Company (POGC) and the National Iranian Drilling Company (NIDC) on Saturday signed a drilling deal on the North Pars (NP) gas field, MNA reported.
The companies inked a five-year contract on drilling activities at the North Pars gas field, 120 km southeast of Bushehr, southern Iran.
Under contract, the NIDC [...]

Two Iranian companies are to sign a contract on drilling operations at Iran?s southern North Pars (NP) gas field, the Mehr News Agency reported.
The Pars Oil and Gas Company (POGC), the Iranian company in charge of the development of the North Pars gas field is to sign a drilling contract with the National Iranian Drilling [...]

The National Iranian Drilling Company (NIDC), in collaboration with foreign firms, has started the drilling of four exploratory wells in the Persian Gulf, an official with the NIDC said, MNA reported.
Hedayatollah Khademi told the Mehr News Agency that the NIDC has started the drilling operations at the Persian Gulf in cooperation with Brazil?s Petrobars [...]

The Gulf Coast oil drilling expansion President Bush signed into law last year contained a strong environmental sweetener that helped push it through Congress.
Four lucky states - Louisiana, Alabama, Mississippi and Texas - were slated to get billions in potential royalties, and lawmakers said the money would help reverse damage from offshore industry, paying [...]

China’s Chambishi copper smelter in Zambia has agreed to process 230,000 tonnes of copper concentrate per year from Lumwana Copper Mines under a new five-year deal, Lumwana’s owners said on Friday.
Equinox Minerals Ltd. , which owns the Lumwana copper mine in Zambia, said in a statement that the agreement was a ‘take and pay’ contract [...]

Supporters of the Copper Queen Community Hospital will be surprised at the offerings donated for this year’s annual silent auction.
One of the more unique items runs around 180 pounds and is made of cast iron. It’s a city of Bisbee manhole with the city’s logo cast into it. City employees delivered it to the auction [...]

According to the latest analysis by Numis Securities in London, Chinese import statistics indicate a strong pick up in Chinese copper imports implying that re-stocking is taking place following a year where the Chinese have been running down their inventories. January refined and alloy copper imports reached 147,650t up 70% year on year.
Numis Securities has [...]

For the last six years copper and steel prices are acting as the leading economic indicators of the world. The recent slump in price from last years high is significant. It shows the world economies are in trouble.
It takes time for economies and stock markets on the ‘high’ to top out and start the bear [...]

Analytical Surveys, Inc., a San Antonio-based oil and gas company focused on participation in non-operating exploration and production of U.S. onshore oil and natural gas reserves, and formerly a service provider to the geographic information systems (GIS) markets, today announced that it received notice on February 16, 2007, from the Nasdaq Stock Market indicating that [...]

GeoMet, Inc. announced that the Virginia Supreme Court has vacated a temporary injunction affecting completion of its pipeline interconnect from its Pond Creek Field to the Jewel Ridge Pipeline.
As previously announced on January 19, 2007, the Circuit Court of Tazewell County, Virginia issued a temporary injunction which halted GeoMet’s construction of a portion of the [...]