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Random News from Mining Top News

Exterran Holdings, Inc to acquire EMIT Water Discharge Technology, LLC

Exterran Holdings, Inc. has recently announced that it has acquired EMIT Water Discharge Technology, LLC (“EMIT”), a leading provider of contract water management and processing services to the coal bed methane industry, for approximately $108 million, subject to certain post-closing adjustments to be determined. Based in Sheridan, Wyoming, EMIT provides cost-effective processing services to remove [...]

SDRL – Seadrill takes delivery of the deepwater drilling rig West Hercules

Seadrill took delivery of the deep water drilling rig West Hercules from the DSME shipyard in South Korea.
West Hercules has a three-year contract for Husky Oil China Ltd. for operations offshore China. The unit will proceed for mobilization and commencement of operations is expected within the next thirty days.
West Hercules is a sixth generation, high [...]

Monarch Enters into Drilling Agreement

Monarch Gulf Exploration, Inc., a Washington Corporation, today announced it has entered into an agreement to participate in the drilling of a test well in the North Colgrade Prospect located in Winn Parish, Louisiana. Monarch will have a 19% working interest in this project. Total drilling costs are estimated in to $374,000.
The principal targets [...]

Zimbabwe: Parliament Enacts New Petroleum Legislation

PARLIAMENT last week enacted the Petroleum Act that provides for the establishment of the Petroleum Regulatory Authority, which would oversee the operations of the industry and eliminate pricing distortions.
President Mugabe has since assented to the Act although it is yet to come into force.
However, it is hoped the new statute would bring sanity into the [...]

Interest in Gold Surges as Investors Seek Diversification

Ongoing risk aversion, growing uncertainty over where consumer prices are headed and a renewed vigor in the search for effective portfolio diversifiers all supported gold investment demand throughout the first quarter of 2009, according to World Gold Council’s latest Gold Investment Digest.
“One reason the financial crisis has been so devastating for investors is that many [...]

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Cabo Drilling Corp.: Shares of International Millennium Mining Corp. to Commence Trading

Cabo Drilling Corp. is pleased to announce that the common shares of International Millennium Mining Corp. (“IMMC”) the company to which Cabo sold its mineral properties for 10,000,000 units, of which no less than 75% are redistributed to Cabo shareholders, will begin trading on the facility of the TSX Venture Exchange commencing at the [...]

Tag: millenium mining corp, new mexico gold mining

Chile and Ecuador to Join Efforts in Oil Search, Exploitation

Chile and Ecuador will join in exploring for oil in the Gulf of Guayaquil, visiting Ecuadorean President Rafael Correa said Monday.
“We want to share the existing resources with friendly countries,” Correa told a joint press conference with Chilean President Michelle Bachelet.
No details on the plan were immediately made public, but Chile’s Mining Ministry said in [...]

Natural Gas Supplies Rise

The Energy Department’s Energy Information Administration said in its weekly report that natural gas inventories in the lower 48 states rose by 57 billion cubic feet to over 1.94 trillion cubic feet for the week ending June 13.
The inventory level was slightly below the five-year average of about 2 trillion cubic feet and well below [...]

Norilsk Nickel now sees LSE listing early July

Norilsk Nickel is targeting a supplementary listing on the London Stock Exchange for the beginning of July, said the Russian metals giant’s chief executive, Denis Morozov.
“The listing will broaden the base for investors, give us more liquidity and, in time, a higher capitalization,” Interfax quoted Morozov as saying.
Norilsk initially had intended to list in London [...]

NuStar Energy L.P. Reports Highest Quarterly Earnings in Partnership’s History

NuStar Energy L.P. announced record net income applicable to limited partners of $141.5 million, or $2.60 per unit, for the third quarter of 2008, almost three times higher than the $45.4 million, or $0.97 per unit, earned in the third quarter of 2007. The third quarter 2008 results represent the highest quarterly earnings in the [...]

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