AmeraMex Receives $500,000 Heavy Equipment Order From Algerian Company

AmeraMex International, Inc., a provider of heavy equipment to infrastructure construction, stevedoring and mining companies, announced that it has received a $500,000 order for refurbished heavy equipment from a company located in Algiers, Algeria. This equipment is expected to ship before the end of 2009. “With the current economic climate in the U.S., we are pleased that our groundwork in... 

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Cancor Mines Inc. listing on the CNSX

Cancor Mines Inc. is pleased to announce that its common shares commenced trading on the Canadian National Stock Exchange at the open of the CNSX today, May 8, 2009, under the symbol “KCR”. “CNSX is a stock exchange alternative to traditional stock exchange where high costs and large capitalization requirements are often barriers to trading in junior securities. Responding to the... 

vMonitor Announces Aggressive Growth Strategy and Hiring of L J Guillotte as President and CEO

vMonitor, Inc. announces early results of its Aggressive Growth Strategy in oil and gas wireless automation and field optimization solutions. vMonitor Director Tom Bates, former Managing Director at Lime Rock Partners and former CEO of Weatherford Interra, describes the Company’s strategy as follows: “vMonitor has succeeded in developing the broadest, most comprehensive of wireless oil... 

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First Calgary Petroleums Ltd. announces sale to Eni S.p.A.

First Calgary Petroleums Ltd. announces that Eni S.p.A. (Eni) has agreed to acquire all the common shares and convertible bonds of FCP. Under the terms of the definitive agreement, shareholders will receive C$3.60 per share in cash and bondholders will receive 108% of par (plus accrued interest). The transaction values FCP’s fully diluted share capital at approximately C$923 million which represents... 

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Crude oil prices rise slightly Tuesday

Crude oil prices rose in New York, a day after the Organization of Petroleum Exporting Countries (OPEC) said production levels wouldn’t increase before September. OPEC President Chakib Khelil, Algeria’s minister of energy and mines, said the major exporting group would keep production at current levels. Saudi Arabia recently increased production by 300,000 barrels a day, which had no discernible... 

Oil Heading for $130 a Barrel

Oil prices surged to a new trading record above $129 a barrel Tuesday amid continuing concern about global supply. U.S. light crude for June delivery reached $129.58 a barrel in electronic trading, surpassing the previous intraday mark of $127.82 hit Friday as it smashed through the $128 barrier in a matter of minutes. At 11 a.m. ET, the contract was up $2.09 at $129.14 on the New York Mercantile Exchange. One... 

World’s biggest LNG tanker unloads at Enagas plant

Spanish gas distribution company Enagas on Monday said the largest liquid natural gas tanker ever to unload at a European terminal had tied up at one of its regasification plants. The 210,000 cubic metre “Q-flex” type vessel is the largest of its type in the world and set sail from Qatar, from where Spain imported some 53,000 gigawatt hours of natural gas last year, or 13 percent of the... 

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UAE eyes stakes in bauxite firms

Abu Dhabi government investment agency Mubadala Development said it plans to join state-run Dubai Aluminium to create a company to buy stakes in bauxite mining companies and develop reserves of the ore. The two companies will set up Emal International to look at acquisitions or developments in countries such as Algeria, Morocco and India, Mubadala’s chief operating officer Waleed Al Muhairi said... 

Uranium exploration firms flock to Niger desert

Niger has granted a wave of permits to British, Canadian and Indian mining firms allowing them to explore for uranium in its desert north, the West African country’s government said on Saturday. A total of 23 permits were granted to three Canadian firms, three British firms and an Indian company, enabling them to explore in the former French colony’s Arlit and Tchirozerine regions, vast... 

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RAK Petroleum on course to becoming global oil & gas player

RAK Petroleum PCL, the oil & gas company registered in the Ras Al Khaimah Free Trade Zone today outlined the major steps the company has taken to become a global Oil & Gas player at the Ordinary General Meeting (OGM) that took place in the presence of the company’s Vice Chairman, Board of Directors, senior executives and shareholders at Al Hamra Fort Hotel, Ras Al Khaimah. Reviewing... 

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