Asia-Pacific Surpassed North America As The World’s Primary Oil Consuming Region In 2007

Research and Markets has announced the addition of the “Asia-Pacific Oil & Gas Sectors : A Company and Industry Analysis (August 2008)” report to their offering. This report updates the previous Asia-Pacific oil and gas report, focusing on the markets in Australia, China, India, Indonesia, Japan and South Korea Current Environment – Key Points - Crude oil prices rose 66% from... 

Tag: burgundy global exploration corporation, foxxe poza rica, kenya oil drilling news of first well, pacific asian atlantic foundation, questerre

Hunt Energy Drill Rig Arrives in Tasmania to Drill Bellevue #1 in Search for Oil, Gas and Helium

Empire Energy Corporation International and its Australian subsidiary Great South Land Minerals today announced that the Hunt Energy Rig Number 3 has arrived in Tasmania, is stored in northern Tasmania and will be moving shortly to the Bellevue #1 site in the center of Tasmania. Local drilling company Spauldings has been mobilised and plans to begin drilling of the 350m (1150 feet) top hole on the... 

Tag: smartwin india, conoco sanctioned

Hunt Energy Drill Rig Arrives at Melbourne Docks En Route to Tasmania to Drill Bellevue #1 in Search for Oil, Gas and Helium

Empire Energy Corporation International announced that, having just completed the drilling of an oil and gas well at Sealake, Victoria, the Hunt Energy Rig Number 3 has arrived at the Melbourne docks and is being washed down prior to quarantine inspection. Assuming quarantine approval, it is expected that all 32 semi-trailer loads of equipment (including the rig) should be shipped to Tasmania next... 

Tag: oil gas tasmania, helium mining companies, tasmania oil exploration, thunderbolt structure tasmania, sprayberry coal formation

Oromin Announces Prospective Oil Resources at Its Santa Rosa Prospect in Argentina

Oromin Explorations Ltd. is pleased to announce the receipt of an independent report (the “Santa Rosa Evaluation”) from Aeon Exploration Inc. of Calgary, Alberta (“Aeon”) that provides an evaluation of prospective resources with respect to its 100% owned CCyB-9 Santa Rosa exploration permit and exploitation concession on a property located in the Cuyana Basin in the Province... 

Tag: oil prospect report, ilnycky calgary

Alba seeking $1bn payout from Alcoa

ALBA is seeking more than $1 billion (BD378 million) in damages from a US corporation it has accused of corruption, it has emerged. Court documents obtained by the GDN allege the company paid exorbitant prices for alumina, amounting to hundreds of millions of dollars and which continue to accumulate today. They state the ‘outrageous’ 15-year fraud was not discovered until last year because... 

Tag: guinea alcoa, dadco group

Alcoa Sends Letter to Alcan Board Outlining Commitments to Quebec; Will Meet Requirements of Agreement between Alcan and Quebec Government

Alcoa Inc. announced that it has reviewed Alcan’s continuity agreement with the Government of Quebec which identifies the requirements that Alcoa must meet regarding Alcan’s future operations in the Province in order to maintain certain of Alcan’s hydroelectric and water rights. In a letter to Alcan’s Board of Directors, Alcoa outlined the many ways in which its offer to acquire... 

Tag: bechtel and maaden, deschambault smelter expansion, inert anode alcoa, the mineral industry of brazil in 2007, petroleum egineer demand in norway

East Java mudflow linked to gas drilling

Indonesia’s disastrous mud volcano, linked to Australian company Santos, was probably caused by gas-drilling activities, a new scientific study says. The study, published in the US Geological Society of America (GSA) journal, GSA Today, says the East Java mudflow was likely caused by a nearby gas-drilling operation, and could continue for “many months and possibly years to come”. It... 

Mining sector sees stronger year ahead on brisk investments

THE mining industry expects to make a strong comeback this year driven by brisk investments, keen interest from major global players, higher commodity prices and more stable investment policies in place, a top industry official said. “We’re off to a good start this year,” said Benjamin Philip Romualdez, president of the Chamber of Mines of the Philippines. The industry had suffered... 

Tag: eramen minerals, romualdez mining, cvmr and philippine mining

China Coal up 13 pct in HK debut

Shares of China Coal Energy Co. rose about 13 percent in their Hong Kong debut on Tuesday, underperforming some recent IPOs as investors cooled towards the resources sector. Shares of state-backed China Coal, the industry No. 2, traded at HK$4.56, compared with an IPO price of HK$4.05 after it raised US$1.69 billion from a deal priced at the top of a range. The early performance failed to match that... 

China Coal rises 13 pct on HK debut

Shares of China Coal Energy Co. rose nearly 13 percent on their Hong Kong debut on Tuesday, underperforming some recent IPOs as investors cooled towards the resources sector and the broader market fell. Shares of state-backed China Coal, the industry No. 2, closed at HK$4.56, compared with an IPO price of HK$4.05, after it raised US$1.69 billion from a deal that generated heavy oversubscription and...