Venezuelan President Hugo Chavez’s proposal for a South American organization of natural gas producers based on the oil-exporting cartel OPEC baffled analysts contemplating the announcement.
Chavez said on his radio talk show late Thursday that he had spoken to Argentine President Nestor Kirchner about the idea of forming “a kind of Organization of Gas Exporting and [...]

Torch Energy Royalty Trust announced the value of the pre-tax future net cash flows, discounted at 10%, attributable to the estimated net proved reserves of the net profits interests (”Trust Reserve Value”) as of December 31, 2006 was approximately $26.4 million. Therefore, the Trust did not terminate as of March 1, 2007.
The Trust will [...]

Goodrich Petroleum Corporation announced that the Company’s Vice-Chairman and Chief Executive Officer Walter G. Goodrich and President, Robert C. Turnham, Jr., will present at the Raymond James 28th Annual Institutional Investors Conference in Orlando, Florida at the Hyatt Regency Grand Cypress on Monday, March 5, 2007, at 1:40 pm Eastern Time. A copy of the [...]

Addax Petroleum Corporation has announced flow test results for the TT-05 well, the second appraisal well recently drilled on the Taq Taq field by Taq Taq Operating Company, the joint venture company formed by Genel Enerji A.S. (”Genel”) and Addax Petroleum to carry out the petroleum operations in the Taq Taq license area.

A German man obtained enriched uranium and buried it in his garden, raising concerns about the security of Germany’s nuclear reactors, the environment ministry in the state of Lower Saxony said on Thursday.
“How do pellets get out of a nuclear reactor? That’s not supposed to happen,” said ministry spokeswoman Jutte Kremer-Heye.
She said it was [...]

The Homeland Security Department is testing a data-mining program that would try to spot terrorists by combing vast amounts of information about average Americans, such as flight and hotel reservations. The program, similar to a Pentagon program Congress killed in 2003 over concerns about civil liberties, could take effect as early as next year.
But researchers [...]

The Army Corps of Engineers has reinstated a permit that will allow construction of the Rock Creek Mine near Nome.
The permit was issued Aug. 21. The corps suspended the permit Dec. 6 in response to a lawsuit filed in U.S. District Court by Trustees for Alaska and the Western Mining Action Project.
The plaintiffs took issue [...]

WASHINGTON - More than a year after the Sago mine explosion that killed 12 miners, protections for miners who get trapped underground have not yet been implemented, the United Mine Workers president said Wednesday.
UMW President Cecil Roberts testified during a Senate Appropriations subcommittee hearing in which senators questioned Richard Stickler, head of the nation’s mine [...]

Opponents of the Opp Mine painted a picture of environmental pollution, property destruction and community demise for Jackson County commissioners on Wednesday.
More than 75 people attended the three-hour public hearing. Dozens testified against a requested zoning change that would allow the property owners to initiate a large strip-mining operation near a residential neighborhood about a [...]

Irwin Resources Inc. is pleased to announce that the Company has acquired additional gold and other precious metal mineral claims in the Fraser Bend-Quesnel-Barkerville area. Mr. Donald C. Carter, a well-known and respected professional and expert in the mining industry and advisor to the Company’s Board has agreed to the sale of these additional 53 [...]