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Random News from Mining Top News

Marathon Announces Natural Gas Discovery in New Area of Oklahoma

Marathon Announces Natural Gas Discovery in New Area of Oklahoma

…  into key resource plays of North America, Marathon Oil Corporation announced that it has participated in a successful step-out …  Cana No. 1-15H well. Other interest owners include Questar Corporation and Cimarex Energy. “Marathon is encouraged by the results of …

January 7th, 2009

Clayton Williams Energy Provides Operations Update on Bossier Drilling

Clayton Williams Energy Provides Operations Update on Bossier Drilling

Clayton Williams Energy, Inc. provided an update on the drilling status of two Bossier wells. The Company reported that it is abandoning the Claudia’s Education Trust 33-1, a 17,000-foot exploratory well on its Winnsboro prospect in Richland Parish, Lou …

January 7th, 2009

Cavitation Technologies, Inc. Filed a Patent for Rapid Modification of Crude Oil

Cavitation Technologies, Inc. Filed a Patent for Rapid Modification of Crude Oil

Cavitation Technologies, Inc. has filed a patent for rapid modification of crude oil. It is proven that cavitation in fluids provide superior mixing and may significantly accelerate rates of chemical reactions and processes. By applying this concept to oil …

January 7th, 2009

PetroHunter Energy Corporation Closes Sale of Interest in Producing Properties

PetroHunter Energy Corporation Closes Sale of Interest in Producing Properties

…  Energy Corporation announced it closed the sale of its 50% working interest in eight …  prospect in Australia.” PetroHunter Energy Corporation, through the operations of its wholly-owned subsidiaries, PetroHunter Operating Company, and Sweetpea Corporation Pty Ltd., is a global oil and gas exploration and production …

January 7th, 2009

Providence Drills Well on Its Val Verde Prospect

Providence Drills Well on Its Val Verde Prospect

Providence Resources, Inc., announced that it has commenced drilling the Carson 10-1 exploration well on its leases in Val Verde County, TX. The vertical well was spud on January 2, 2009 and is expected to reach a target depth of 16,000 feet in approximat …

January 7th, 2009

Gulf Resources Agrees to Acquire Bromine and Crude Salt Manufacturing Assets

Gulf Resources Agrees to Acquire Bromine and Crude Salt Manufacturing Assets

Gulf Resources, Inc., a leading manufacturer of bromine, crude salt and specialty chemical products in the People’s Republic of China, today announced that one of its wholly-owned subsidiaries Shouguang City Haoyuan Chemical Company Limited has signed a …

January 7th, 2009

Crosshair & Target Agree to Combine to Create a Solid North American Uranium Asset Base

Crosshair & Target Agree to Combine to Create a Solid North American Uranium Asset Base

Crosshair Exploration & Mining Corp. and Target Exploration & Mining Corp. have entered into a Letter Agreement to combine their businesses to create a well-funded, low-cost, growth-oriented, uranium exploration and development company with a defined timel …

January 7th, 2009

Revett Receives Approval of Rock Creek Environmental Assessment

Revett Receives Approval of Rock Creek Environmental Assessment

…  (EA) covering final design modifications of the Rock Creek Project, located in Sanders County Montana, has been approved as final …  the Company to proceed with the first phase of the Rock Creek Project. This first phase consists of only 10.6 acres of surface …

January 7th, 2009

Aegean Marine Petroleum Network Inc. Announces Expansion Plans in Morocco

Aegean Marine Petroleum Network Inc. Announces Expansion Plans in Morocco

Aegean Marine Petroleum Network Inc. announced that Horizon Tangiers Terminal S.A. (HTTSA), a special purpose consortium, has named Aegean as the exclusive bunkering company for the new port in Tangiers, Morocco. The agreement, which is scheduled to become …

January 7th, 2009

SemGroup Clarifies Restructuring Process

SemGroup Clarifies Restructuring Process

SemGroup, L.P. issued the following statement today to clarify the company’s restructuring process, which began in July 2008 when SemGroup and certain subsidiaries voluntarily filed for protection under Chapter 11 of the U.S. Bankruptcy Code. The compan …

January 7th, 2009