Drilling RIG SHORTAGE DELAYS PETRO-CANADA

Drilling RIG SHORTAGE DELAYS PETRO-CANADA

A shortage of drilling rigs worldwide has forced Petro-Canada to delay its exploration for oil and natural gas 30 miles off Tobago’s northwest coast.
However, the Canadian oil giant is hoping that it would be able to do so in the second half of next year when it secures a rig.
The company had originally scheduled the [...]

July 21st, 2006

Environmentalists say U.S. rush to build coal plants imperils N.J. air

Environmentalists say U.S. rush to build coal plants imperils N.J. air

Environmentalists predict dire consequences for New Jersey’s air quality if more than 150 proposed coal power plants are built across the country. On Thursday, they urged the state to lead by example and ban new coal plants here.
The activists said pollution from proposed coal plants will exacerbate global warming by 10 percent in the United [...]

July 21st, 2006

Inupiat prefer drilling in ANWR

Inupiat prefer drilling in ANWR

Alaska Inupiat are opposed to offshore oil drilling, preferring that developers turn their attention to the Arctic National Wildlife Refuge.
The Inupiat in the northern coastal community of Barrow are worried offshore development could threaten their traditional hunt for bowhead whales, seals and walrus, says Eugene Brower, president of the Barrow Whaling Captains’ Association.
He’s concerned the [...]

July 21st, 2006

Certification for gas drilling offered

Certification for gas drilling offered

Arkansas State University-Searcy, a technical campus of ASU-Beebe, will hold an Energy Training Council (E.T.C.) Safety Training course on Aug. 12. This course is designed for people interested in working for the Gas Drilling Industry.
The class will be offered from 8 a.m. to 7:30 p.m. Tuition is $100, which includes materials. This is a ten-hour [...]

July 21st, 2006

China National Coal Group obtains Harbin gas assets free of charge

China National Coal Group obtains Harbin gas assets free of charge

The assets of the Harbin Gasification Plant and the Harbin Coal Industry Company have been injected free of charge into China’s second largest coal producer, the China National Coal Group, as their city plans to make the switch from coal [...]

July 21st, 2006

Coal conversion plant gets boost

Coal conversion plant gets boost

Plans for a $1.3 billion plant that would convert Illinois coal into synthetic natural gas are moving ahead now that two energy companies have pledged to buy much of the gas, officials announced Thursday.
Ameren Corp. and Nicor Gas Inc. reached 20-year deals with project developer Power Holdings LLC to buy roughly two-thirds of the gas [...]

July 21st, 2006

Some in GOP fighting Western energy drilling

Some in GOP fighting Western energy drilling

Western Republicans are starting to buck against oil and gas drilling on federal lands prized for their wildlife and recreational opportunities.
Amid a Western energy boom promoted by the Bush administration, Republican officeholders from Montana, Wyoming, New Mexico and California recently have called for bans on drilling and other development on large blocs of national forest [...]

July 21st, 2006

Peabody Profit Up 61 Pct on Coal Demand

Peabody Profit Up 61 Pct on Coal Demand

Global demand for coal spurred a 61 percent jump in Peabody Energy Corp.’s second-quarter earnings, reported Thursday. But shares in the world’s largest coal company sank 9.5 percent on what one analyst called concerns about potential softening in coal industry prices.
The St. Louis-based company earned $153.4 million, or 57 cents a share, for the period [...]

July 21st, 2006

Roca-MAX Molybdenum Mine Development Update

Roca-MAX Molybdenum Mine Development Update

Roca Mines Inc. (TSX VENTURE:ROK; “Roca” or the “Company”) provides the following update on construction and development activities for its PHASE I, 500 tonne per day mine at the MAX Molybdenum Project, located 60 kilometres (36 miles) southeast of Revelstoke, British Columbia.
Progress in the following principal project areas includes;
Underground Development - Genex Mining Ltd. has [...]

July 20th, 2006

Open mine proposals go on display

Open mine proposals go on display

Developers want to create an open mine on the outskirts of Leeds to extract 1m tonnes of coal.
Proposals for the surface mine development near Ledston village were due to be put on display on Wednesday.
The Banks Group, the developers behind plans for Newton Lane, want to mine 127 hectares (313 acres) over five years.
The company [...]

July 20th, 2006