The state-owned Kenya Pipeline Company (KPC), has laid out plans for a Liquid Petroleum Gas(LPG) plant in the country`s coastal city of Mombasa at a cost of US$50 million, authorities announced here Monday.
A similar plant would soon be constructed in Nairobi, after an Indian firm, BARAT Ltd, was awarded the tender at a cost of [...]

Oil giants ConocoPhillips and Exxon Mobil Corp. are set to withdraw from their joint venture projects in Venezuela’s Orinoco basin.
The two companies refused to sign deals Tuesday that would see the Venezuelan government taking majority stakes in their Orinoco projects.
Four other oil majors, U.S.-based Chevron Corp.; Britain’s BP Plc; France’s Total SA; and Norway’s Statoil [...]

A mining boom in Australia’s far west sparked a surge in initial public share offerings in fiscal 2007, with returns bettering those of the Internet stocks boom of seven years ago, consultancy firm Deloitte said on Wednesday.
IPOs in Western Australia state, home to 80 percent of Australia’s gold production and the world’s single largest iron [...]

Central Petroleum has awarded a project management contract for its debut drilling campaign in central Australia to IP Services (Australasia). Central’s first three-well programme is planned for the latter half of 2007 and will consist of Blamore-1 in EP93, Mt Kitty-1 in EP125 and Oooraminna-2 in EP82.
Original Announcement: Contract Award for Drilling Services

L&M Petroleum has announced that at 06:00 today, the Dean-1A well was drilling ahead at a depth of 1156m after completing operations to set 9-5/8′ intermediate casing at 1073m. The borehole is now vertical as a result of directional drilling operations. An encouraging gas reading of 3.87% was recorded at 1155m from what is believed [...]

Beach Petroleum has advised that Marcoola-1 located in ATP 269P in the Queensland portion of the Eromanga Basin is a New Field Oil Discovery. DST 1 conducted this morning over the interval 1208.5m-1220m in the Hutton Sandstone flowed for 20 minutes before the packers failed. A total of 6 barrels of oil was reversed out [...]

Universal Uranium Ltd. and Silver Spruce Resources Inc. are pleased to announce the results of detailed lake bottom geochemistry surveys on the CMBNW and Jacques Lake properties, part of the CMB joint venture.
The results indicate significant uranium anomalies on both properties. The CMBNW block returned values ranging from background (less than 17 ppm) [...]

The uncovering of significant uranium bearing samples from trenching conducted by previous operators has led Callinan Mines (TSX VENTURE: CAA) to option 1,581 acres of ground near Snow Lake, Manitoba.
Historic channel samples on the “Dion Lake” claims returned grades of up to 1.7% U3O8 over 3-4 meters. Representative chip sampling from the property returned grades [...]

DIOS EXPLORATION INC. initiated last week its first prospecting and ground geophysics field campaign for uranium exploration on the Opinaca Nord Property since an option agreement was negotiated with Sirios Resources Inc. to acquire a 50 % interest in the property (press release dated 07-05-16). The project comprises three significant uranium anomaly clusters as [...]

Ur-Energy Inc. is pleased to announce the signing of a letter of intent with Titan Uranium Incorporated whereby Ur-Energy can earn up to an undivided 51% working interest in Titan’s R-Seven and Rook I properties by funding Cdn $9 million in exploration programs managed by Titan over a 4-year earn in period. Diamond drilling of [...]