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Random News from Mining Top News

Wineco Productions Inc. to Acquire Licensing Rights for Proprietary Oil and Gas Stimulation Technology

Wineco Productions Inc. announced it has entered into a Letter of Intent to negotiate for a non-exclusive license of a cutting edge oil and gas perforation/blended rocket fuel exothermic down-hole oil and gas stimulation technology from Capital Energy.
David Mallard, Chairman of Capital Energy quoted, “My family had this technology tested by the Department of Energy [...]

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Oil exec pushes greener energy

The president of Shell Oil, in Miami for a speech, says it’s time to embrace new energy sources.
In the wake of last year’s hurricanes, the United States narrowly averted a major disruption to its fuel supply on a scale ”inconceivable in recent memory,” says Shell Oil Co. president John Hofmeister.
A year later, Hofmeister says he [...]

PetroSun BioFuels Announces Transaction With Icon Drilling

PetroSun, Incorporated is pleased to announce that its wholly owned subsidiary, PetroSun BioFuels Australasia, has entered into a Letter of Intent with Icon Drilling of Brisbane, Australia. The purpose of the transaction is to create a publicly traded alternative fuel company in Australia. Icon Drilling is a wholly owned subsidiary of Icon Energy that [...]

Maximus and NFX Announce Maximus’ Vesting in Larder Lake Gold Project

Maximus Ventures Ltd. announce that Maximus has completed its earn-in of a 60% interest in the Cheminis, Bear Lake and Fernland projects and a 45% interest in the Barber Larder project, which together comprise the Larder Lake Gold Project located in northeastern Ontario. NFX retains a 40% and 55% interest, respectively, in these projects.
“The vesting [...]

Sun Cal Energy Announces Commencement of Commercial Gas Sales From Its Sibley 84 #1 Well in the West Gomez Field

Sun Cal Energy Inc., an energy exploration company focused in the Southern San Joaquin Valley of California, the Anadarko Basin of Oklahoma, the Breton Sound of Louisiana and the Green River Basin of Wyoming, is pleased to announce that the first of several wells to be drilled in the multi-pay prospect in the West Gomez [...]

Westar Energy Delays Selection of Site for Base Load Coal Plant

Westar Energy, Inc. announced that it continues to evaluate potential plans and possible sites for a future base load coal plant, but that it is postponing a decision to allow further study. Earlier the company indicated that it expected to announce a preferred site for a plant by year end. The company cited sharply higher [...]

Patriot Coal Idles Jupiter Mining Complex

Patriot Coal Corporation announced that it intends to idle its Jupiter mining complex by the end of 2008. The Jupiter complex produced 1.5 million tons of thermal coal in 2007. The complex currently consists of one underground mine, and previously included the Thunderhill surface mine, which was closed as a result of an October 2007 [...]

Global Resource Corp. Reports Successful Test of Commercial Prototype of Its Microwave Technology-Based Process

Global Resource Corp, a developer of a patent-pending microwave technology and machinery for extracting oil and gas, today announced that the Company successfully completed the testing of a commercial prototype of its microwave technology for economically converting hydrocarbons, into oil and gas, from a wide variety of sources. The Company said that as a result [...]

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Newmont Profit Jumps on High Gold Prices

Newmont Mining, benefiting from high gold prices that more than compensated for lower production, yesterday reported a 57% jump in Q3 profit. Net earnings were $198 million, or $0.44/share, compared with $126 million, or $0.28/share, a year earlier. The EPS figure bested analyst expectations of $0.43, and the shares gained over 3% on the [...]

PSL Energy Services Ltd awarded £6.4 million well services contract by Petroleum Development Oman (PDO)

Oil and gas services specialist, PSL Energy Services Ltd, has been awarded a £6.4 million ($12 million) well services contract by Petroleum Development Oman (PDO).
The two year contract, for hydraulic workover (HWO) and snubbing services, is PSL’s first significant well services contract in the Middle East.
The award comes as a direct result of the Aberdeen [...]

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