Castillian Resources Corporation announces that the Board of Directors has approved a Cdn$9.0 million exploration budget to aggressively explore the Company’s three key nickel sulphide projects. The company has set an objective of completing the delineation drilling of the Mangabal South Deposit in Brazil and the Las Aguilas Deposit in Argentina, in order to commence [...]

Vulcan Minerals Inc. announces that it has been advised by Nortec Ventures Corp (Nortec) that Nortec is planning both an airborne geophysical survey and a drilling program on the TL Nickel property this late summer-fall subject to equipment availability. Nortec optioned the TL Nickel property from Vulcan and has the right to earn a [...]

NGM Resources has announced that it has signed an agreement with BHP Billiton, to acquire four nickel exploration projects, amounting to over 5,000sqkm of prospective tenements in Madagascar. The company has also announced that it is awaiting the results of recent drilling of a significant geophysical anomaly at Analalava. Finally, NGM has announced that it [...]

Venezuela moved closer to nationalizing its oil-rich Orinoco River basin, after four foreign oil companies signed deals giving Venezuela the lion’s share of the profits and two US companies pulled out altogether.
“ExxonMobil and ConocoPhillips are ending their participation in the exploration ventures,” Oil and Energy Minister Rafael Ramirez said Tuesday at the signing ceremony with [...]

Oil and gas futures prices retreated Tuesday on expectations that a government inventory report today will again show that crude and gasoline stocks rose last week.
The weekly report by the Energy Department’s Energy Information Administration has become critical for analysts and traders during a spring and early summer that have seen an unusually high number [...]

Oil prices were steady in Asia Wednesday as traders awaited the release of a U.S. government inventory report expected to show increases in supplies of crude, gasoline and distillates.
Light, sweet crude for August delivery lost 6 cents to $67.71 a barrel in Asian electronic trading on the New York Mercantile Exchange, midmorning in Singapore. [...]

Brazil aims to build seven new oil refineries and quintuple its natural gas output over the next two decades, the head of the government’s energy studies agency said on Tuesday.
“It’s the first time Brazil has done an integrated planning study for energy resources,” said Mauricio Tolmasquim, the head of the agency, known by its acronym [...]

Energy company Noble Energy Inc. said Monday it discovered oil at one of its blocks off the coast of Equitorial Guinea.
The company said the Block I find — which was drilled to 10,460 feet — yielded about 1,038 barrels per day of hydrocarbon liquids in production tests and 34.3 million cubic feet per day of [...]

Anzon Energy Ltd said its subsidiary Anzon Australia Ltd and Beach Petroleum Ltd have decided that their Basker-Manta-Gummy (BMG) joint venture will continue with expansion of its oil development, but have deferred the final investment decision for the gas phase.
The company also said its gas sales agreement with Alinta will be terminated, as the agreement [...]

Global Energy Services Ltd. and RAMTelecom Inc. announced that Global Energy has been selected by one of North America’s major oil and gas exploration and production companies to provide the communications network for remote oil and gas exploration sites in western Canada. RAMTelecom will be the exclusive provider of satellite services required to support [...]