US service station and convenience store operator Quarles Petroleum has implemented an IP connectivity solution from Precidia Technologies and Staunch Corporation at its remote fueling sites. The technology enables Quarles to migrate its Gasboy fuel dispensers with cardlock systems and onsite video surveillance cameras to an IP network for faster transaction authorization, enhanced security and [...]

Outgoing Education Minister Obiageli Ezekwesili today in Abuja said that the federal government had approved a take-off grant of N1 billion for the University of Petroleum Resources, Effurun, Delta.
Ezekwesili, who made this known at the inauguration of the governing council of the university, said the amount was to assist the institution in providing the necessary [...]

Australia’s main opposition Labor Party has dropped its 25-year-old ban on new uranium mines, paving the way for industry expansion.
Delegates at the party’s annual conference voted today to support Labor leader Kevin Rudd’s motion to overturn the ban and allow the uranium industry to develop “under the most stringent conditions.” State governments have the power [...]

RAK Petroleum Vice Chairman Hussein Sultan Al Junaidi has said the firm made a net profit of $50m in the 461 days to December 31, 2006, with deposits and gains from investments accounting for these returns as the company was mainly evaluating opportunities during its initial year of operations.
Al Junaidi added that the shareholders’ [...]

Rio Tinto Group, the world’s second-largest iron ore exporter, is studying expanding annual production of the steelmaking ingredient by 36 percent in Western Australia, amid “tight” global supply.
Output may rise to 300 million tons from 220 million tons in 2009, Chief Executive Leigh Clifford said at a press conference in Perth, Australia. Sam Walsh, Rio’s [...]

Unicorp, Inc. announces that drilling is expected to begin during the month of May on its second well on its North Edna prospect, located in Jefferson Davis Parish, Louisiana, and provides an update. The initial well, the Lejuene No. 1, has been producing for over eight months and is currently producing in excess of 100 [...]

Eastern Drilling is currently subject to a 135 nkr per share mandatory offer from peer Seadrill, which currently owns 63.96 pct of the firm, following a drawn-out bidding process.
Eastern Drilling has two rigs on order with Samsung Heavy Industries in South Korea, with delivery expected in the first and third quarters of 2008 respectively.

Oil and gas drilling in Western Canada is forecast to drop 18 per cent in 2007, pressured by lower commodity prices and slashed drilling budgets, an industry group said Thursday.
The number of natural gas wells drilled will fall for the first time since 1998, while crude oilwell drilling is expected to jump 11 per [...]

Indiana State officials say Southwest Indiana is experiencing a boom in oil and gas exploration, with a peak number of wells drilled over the past 15 years.
The Indiana Department of Natural Resources Division of Oil and Gas released a report earlier this week that says oil and gas wells are being drilled in Indiana “At [...]

Leaders of Guyana and Suriname are eager to tap their underwater oil reserves, but the drilling won’t begin until a world court draws a maritime border to settle their territorial disputes.
The drilling could dramatically change the fortunes of the two nations if predictions about the abundance of oil and natural gas deposits prove true.
Final [...]