News archive for March, 2007

Results 121 - 130 of about 143 news for the month of March, 2007.

Coal owner has less-than-clean history

March 4th, 2007

ROUNDUP, Mont. — Success has for years lurked just around the corner for John Baugues Jr., a coal mining entrepreneur who arrived here in 1995 after starting and folding a string of mines in his native Tennessee.
Taking control that year of Bull Mountain Land Co., which has an estimated 340 million tons of coal [...]

Indonesia: Another gold mining being opened in Timika

March 4th, 2007

A U.S. mining company is now opening new gold mining in Mimika regency, Papua Province, an official said, Wednesday.
Head of Mimika Mining and Energy Agency Oktovianus Kambu said that the exploration of the new mining has reached the fourth or the final stage before the exploration could be carried out.
“In the future, Mimika regency will [...]

Indonesia: Manufacture ready to increase non-oil and gas exports by 20%

March 4th, 2007

Industry Minister Fahmi Idris saidmanufacturing industries are ready to help increase the country’s non-oil and gas exports by 20 percent in 2007.
“It is quite possible for them to do so because they already have primary commodities,” the minister said after a working meeting with his ranks and files on Tuesday.
To that end, the minister called [...]

Malaysia’s PPB Oil says government won’t block merger deal with Singapore refiner

March 4th, 2007

Plantation firm PPB Oil Palms Bhd. said Thursday it is confident Malaysian regulators won’t block its US$4.3 billion (euro3.6 billion) merger with Singapore palm oil refiner Wilmar International Ltd.
“I don’t think the government will stop (the deal) but they might impose conditions,” Oh Siew Nam, executive chairman of PPB Group Bhd. which is the parent [...]

Orna to explore oil, gas deposit in Rembang block

March 4th, 2007

Private oil and gas exploration firm Orna International is planning to conduct oil and gas exploration in Bulu Banjar village, Tuban district next May, an official said.
“Orna International has asked a permission from East Java governor as well as the East Java Energy and Mineral Resources (ESDM) Office for the offshore exploration,” ESDM vice head [...]

Orna to explore oil, gas deposit in Rembang block

March 4th, 2007

Private oil and gas exploration firm Orna International is planning to conduct oil and gas exploration in Bulu Banjar village, Tuban district next May, an official said.
“Orna International has asked a permission from East Java governor as well as the East Java Energy and Mineral Resources (ESDM) Office for the offshore exploration,” ESDM vice head [...]

Canceling plans for coal plants leaves Texas in a jam

March 3rd, 2007

HOUSTON – Texas, as everyone knows, does everything big. Its giant oil and gas fields dominate America’s energy patch. It is now the nation’s largest wind producer, with more than 2,000 turbines gathering some of the country’s strongest currents. It gets the booby prize for being the biggest producer of greenhouse gases.
And now [...]

Lotta Coal Announces Acquisition of Strategic Oil and Gas Properties in Northern Alberta, Canada

March 3rd, 2007

Lotta Coal Inc. announced the closing of its acquisition of three oil and gas exploration companies in Northern Alberta — Peace West Energy Corporation (”PWEC”), Great Bear Explorations Inc (”GBX”) and Lesser Slave Lake Explorations Inc. (”LSL”). The Companies were acquired for a total of 45,000,000 shares of common stock of LCOL, issued under rule [...]

Queensland Gas Shareholders Back AGL, Spurn Rival Bid

March 3rd, 2007

Queensland Gas Co. shareholders approved AGL Energy Ltd.’s purchase of a stake in the Australian coal seam gas producer for A$324 million ($254 million), spurning a rival bid from a Societe Generale Asset Management unit.
AGL’s proposal, which includes a 20-year contract to buy fuel from the Brisbane-based company, was backed by more than 75 [...]

Universal Energy Resources, Inc. Updates Commercial Gas Find and Drilling Operations

March 3rd, 2007

Universal Energy Resources, Inc. (the “Company”) announced updated drilling operations through Thursday, March 01. The Company is a private venture formed by the principals of Grifco International, Inc. (Pink Sheets:GFCI - News) to take advantage of oil and gas production opportunities including 208 drill sites in Crockett County, Texas without risking and/or otherwise encumbering the [...]