Indian Globalization Capital Wins Chinese Iron Ore Contract Valued at $1.8 Million

India Globalization Capital, Inc., a company competing in the rapidly growing materials and infrastructure industry in India, today announced it was awarded an iron ore supply contract worth $1.8 million. The third in a recent series of contracts with Chinese companies, the order totals 40,000 metric tons (mT) of iron ore. “This third order will ship out of the port in Goa on the west coast of... 

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New Congress and Stimulus Keeps India’s Growth in Fast Lane With China

India Globalization Capital, Inc. a leading infrastructure and materials company competing in the rapidly growing infrastructure industry in India, today commented on India’s new Congress Party, the stimulus packages approved and their effect on infrastructure growth. Modernizing infrastructure in India is crucial to keeping India’s economy in the fast lane with China. The recent victory... 

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Mariner Energy Announces Three Discoveries in the Gulf of Mexico

Mariner Energy Inc. announced drilling success at three exploration wells in the Gulf of Mexico: Heidelberg #1 on Green Canyon Block 859, Bushwood #1 (formerly Geauxpher #3) on Garden Banks Block 463, and Smoothie #2 on South Timbalier Block 49. Heidelberg and Bushwood are deepwater wells located in water depths of approximately 5,000 feet and 2,700 feet, respectively. Smoothie, a deep shelf prospect... 

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McMoRan Exploration Co. Updates Gulf of Mexico Exploration and Development Activities

McMoRan Exploration Co. updated its Gulf of Mexico exploration and development activities, including drilling progress at the Flatrock No. 5 development well, the Flatrock No. 6 delineation well and Tom Sauk exploratory well, results from the Northeast Belle Isle exploratory well and current production rates. McMoRan also announced that the rigs are on location at the high-impact Gladstone East and... 

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Kalimantan Gold Signs Option on Coal Opportunity

Kalimantan Gold Corporation Limited has signed an Option Agreement with PT Indobara Pratama to bring the coal deposit on IBP’s 100%-owned coal KP into production and acquire up to an 80% interest in IBP. The project is permitted for production and the potential to be an open cut coal deposit. The work done on the Concession to date indicates a potential deposit of between 55-60 million tonnes... 

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McMoRan Exploration Co. Announces Successful Production Test at Flatrock No. 4 and Plans to Pursue Completion at South Timbalier Block 168

McMoRan announced a successful production test at Flatrock No. 4 (location “C”). The production test, which was performed in the primary Rob-L section, indicated a gross flow rate of approximately 109 million cubic feet of natural gas per day (MMcf/d), 2,500 barrels per day of condensate and zero barrels of water, approximately 124 MMcfe/d (23 MMcfe/d net to McMoRan), on a 50/64th choke with flowing... 

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Platts Top 250: The World’s Top Performing Energy Companies

Major oil companies have maintained their stronghold as the world’s most financially effective energy businesses, according to the 2008 Platts Top 250 Global Energy Company rankings announced here Monday evening. But the rankings also point to a performance resurgence by non-oil firms, such as electric utilities, and to the rising importance and influence of Asia-Pacific companies. Against a... 

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Kalimantan Gold Corporation Limited: Jelai Drilling Produces More High-Grade Gold Intercepts

Kalimantan Gold is continuing to produce successful drill results at its 100%-owned Jelai gold project in East Kalimantan, Indonesia, where the company aims to have an independent resource estimate by the end of the year. Assay results have now been received for four more holes from the latest round of drilling, including the following encouraging intercepts: - JCM-69 (Mewet Vein): 6.00 metres @ 15.84... 

Kalimantan Gold Corporation Limited Coal Momentum

Kalimantan Gold Corporation Limited report further exploration progress on its promising coal prospects in East Kalimantan. Latest highlights include: - Further evidence of significant coal occurrences at Mandul Island - High calorie coal showings at two other concessions - Four more coal concessions added to the Option Agreement signed in April 2008 - The Option period is extended by three months... 

EPL Discusses Impact of Hurricane Gustav

Energy Partners, Ltd. provided an operational update regarding the impact of Hurricane Gustav on its production operations, including its preliminary damage assessment. The Company also commented on its preparations for Hurricane Ike. EPL safely evacuated all offshore personnel and shut in all production prior to the arrival of Hurricane Gustav. The Company has completed an initial assessment of damage...