U.S. Energy Corp., a diversified natural resource company with interests in molybdenum, oil and gas, gold, and real estate, today provided a review of 2007 results and an update on current operations for its primary business segments.
Review of 2007 Accomplishments
The year ended December 31, 2007 was the most profitable in U.S. Energy Corp.’s history, due [...]

Iran and Switzerland signed an agreement Monday to major exports of Iranian gas to a Swiss company, in a rare energy deal between Tehran and the West in their nuclear tug-of-war drags on.
“Today we have witnessed the signing of a gas contract between the two countries,” Foreign Minister Manouchehr Mottaki announced at a joint press [...]

Oil prices have plunged Monday at least temporarily retreat to record levels, investors were concerned that the financial crisis that forced the sale of Bear Stearns is a sign of deep economic difficulties.
Oil slump - falling $ US4.53 to settle at $ US105.68 barrel on the New York Mercantile Exchange - came hours after futures [...]

For major mining companies such as Rio Tinto and BHP Billiton, the future life is a combination of their exploration work and enterprise: to find things on their own, to be approached by other companies in deals , or make acquisitions.
Rio growth with Alcan bought last year and is now off fighting an attempt by [...]

The Minister of Energy and Resources, Peter Batchelor, says a new online service inventory Victoria’s brown coal reserves will help to attract investors to the state.
The database will allow mining companies and investors from around the world to access data on the location and quantity of coal resources. It will also identify possible sites for [...]

IOI Corporation Berhad Tuesday said it has signed agreements to acquire stakes in several companies in oil palm plantation in the east Malaysian state of Sarawak for RM439, 852203 (US $ 139 million).
IOI’s effective participation in the plantation lands owned by corporations is equivalent to 65 per cent in terms of value, with the balance [...]

Australia is the oil and the poor must intensify exploration in the context of efforts aimed at ensuring the country’s energy security, the federal Minister of Energy says Martin Ferguson.
There are hundreds of years, the value of coal and gas, but only one to two decades of known resources of oil and condensate, he said.
“The [...]

The miner based in Hong Kong, Citic Pacific, announced an increase of 30 per cent in the capital necessary to finance the development of its iron ore mine Pilbara.
Citic Pacific Mining is developing a 5.2 billion dollar iron ore project 100 kilometres south-west of Karratha.
It is the largest operation planned magnetite mining and processing in [...]

Australia’s largest mining companies BHP Billiton and Rio Tinto have been barred from selling iron ore on China’s daily spot market, a report said Tuesday.
The Sydney Morning Herald reported that the lockout was being managed by industry arms of the Chinese government and had already cost the miners millions of dollars in exports.
“Neither BHP Billiton [...]

Once again, local oil and natural gas producers are left wondering as details of a decision on drilling regulations remain cloudy.
New Mexico’s three-member Oil Conservation Commission discussed the merits of more stringent drilling regulations in Santa Fe from Saturday through Friday. They worked their way through the 17-page rule that applies to the proposal, but [...]