Noble Corporation; $1.40 per Share on Operating Revenues of $813 Million

Noble Corporation is reported to have announced and told the press about its second quarter 2008 earnings of $376 million, or $1.40 per diluted share, versus $290 million, or $1.08 per diluted share, for the second quarter of 2007. Per-share earnings were up 30 percent from the second quarter of 2007 and down 2 percent [...]

Posted by Dahlan on July 24th, 2008 In General, Oil and Gas

MarkWest Energy Partners, L.P on Release Date for Second Quarter 2008 Financial Results

MarkWest Energy Partners, L.P is scheduled to release a report on its second quarter 2008 financial results after market close on Monday, August 11, 2008. You are invited to join a conference call and webcast on Tuesday, August 12, 2008, at 4:00 p.m. Eastern Time with Frank Semple, President and Chief Executive Officer; Nancy Buese, [...]

Posted by Dahlan on July 24th, 2008 In General, Oil and Gas

SemGroup, L.P. Bankruptcy

Hiland Holdings GP, LP and Hiland Partners, LP has released an update news saying that the status of the Partnership’s product sales to certain affiliates of SemGroup, L.P. in response to the bankruptcy of SemGroup, L.P. and certain of its affiliates (”SemGroup”). As disclosed in the Partnership’s public filings with the Securities and Exchange Commission, [...]

Posted by Dahlan on July 24th, 2008 In General, Oil and Gas

U Mining Resources Inc. Establishes Successful Partnership and Announces Long Term Plans in Guinea

U Mining Resources Inc. has today disseminated that the Company’s successful business endeavor to ally with an established Guinean firm will generate both short and long term improvements within the country. In addition, U Mining Resources Inc. and its new partners share an identical vision in Guinea and their interest in developing the country’s foundations [...]

Posted by Memble on July 23rd, 2008 In General, Press Release

Avalon Oil & Gas Reports Year-End Results

Avalon Oil & Gas, Inc., has reported its financial results for the fiscal year ending March 31, 2008. In the Form 10-KSB the Company has filed with the SEC, Avalon demonstrates the continuing success of its business plan with a five-fold increase in revenues over the prior year. Total revenues for the twelve months ending [...]

Posted by Memble on July 23rd, 2008 In Mining Stocks, Oil and Gas, Press Release

ITT Chosen to Move Filtered Seawater to the High Desert for Large-Scale Mining Project in Chile

ITT Corporation has received a multi-million dollar contract to provide filtered seawater to Esperanza, a large new copper-gold mining project in Chile’s Atacama Desert, the driest desert in the world. The mine will be the first large-scale mine in Chile to make use of seawater in the mining process.
As part of the project, ITT will [...]

Posted by Memble on July 23rd, 2008 In Copper Mining, Mining Equipment, Oil and Gas, Precious Metal, Press Release

Michael R. D’Appolonia Appointed to Westmoreland Board of Directors

Westmoreland Coal Company announced it has increased the size of the Company’s Board of Directors from five to six and appointed Michael R. D’Appolonia to its Board by unanimous consent effective today.
Mr. D’Appolonia is currently Director, President and Chief Executive Officer of Kinetics Systems, Inc., an international specialty mechanical contracting company with over 2,000 employees [...]

Posted by Memble on July 23rd, 2008 In Coal Mining, Press Release

Heartland, Inc. Secures Financing for the Lee Oil Company Acquisition

Heartland, Inc. a fast growing business with experience in fabricated metals and retail has secured financing for the acquisition of the Lee Oil Company including Lee Food Marts and Lee Enterprises through Choice Financial Group of Grand Forks, North Dakota. The agreement calls for a loan in the amount of $3,250,000 at a fixed rate [...]

Posted by Memble on July 23rd, 2008 In Mining Equipment, Oil and Gas, Press Release, Steel & Iron Mining

Caterpillar Inc. Announces Autonomous Mining Collaboration Designed to Improve Mine Site Productivity, Efficiency and Overall Sustainability

Caterpillar Inc. has announced a groundbreaking alignment with BHP Billiton to develop an autonomous mining haulage system. The agreement couples the market leader in mining equipment with the world’s largest diversified natural resources company.
“Our joint autonomous technology project is a significant initiative that will bring benefits to both Caterpillar and BHP Billiton,” said Caterpillar Group [...]

Posted by Memble on July 23rd, 2008 In Mining Equipment, Oil and Gas, Press Release

Birch Mountain pursues sale of Company

Birch Mountain Resources Ltd. announces that the Special Committee of independent directors and the Board have determined that it is imperative to pursue an immediate sale of the Company to unlock maximum value for its shareholders. The Company believes that the current lack of liquidity has compressed Birch Mountain’s share price to a level significantly [...]

Posted by Memble on July 23rd, 2008 In Oil and Gas, Press Release