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Random News from Mining Top News

ENSCO Offshore Company Enters Into Agreement with TESCO

Tesco Corporation today announced that it has entered into an equipment placement agreement with ENSCO Offshore Company to provide TESCO’s proprietary Casing Drive System(TM) (CDS(TM)) onto ENSCO’s offshore rigs. ENSCO Offshore Co., based in Broussard, Louisiana, is a full service drilling contractor operating in the Gulf of Mexico and South America. Under terms of the [...]

Tag: tesco offshoring, tesco mine company, tesco for offshore, tesco mining

Petroleum Geo-Services 2007 Annual General Meeting Completed

Petroleum Geo-Services ASA (“PGS” or the “Company”) (NYSE:PGS – News) (OSE:PGS) held its Annual General Meeting on June 15, 2007 at the Company’s premises at Lysaker. The Annual General Meeting resolved to approve all matters as proposed in the Calling Notice, including the proposal in item 3 of a special dividend of NOK 10 per [...]

Terra Nostra Poised to Compete in High Growth Stainless Steel Market in China

China’s stainless steel output for 2006 totaled 5.3 million Metric Tonnes, a year over year increase of 67.68%. The National Development and Reform Commission stated last week that this sector is expected to further grow by 8% this year. The NDRC predicts prices to rise gradually in 2007 with a focus mainly on technological upgrades [...]

ConocoPhillips invests in $4B REX natural gas line

ConocoPhillips has acquired partial interest in a planned 1,663-mile pipeline project that would link rich gas fields in the Rocky Mountains to gas-hungry eastern North American markets.
The Rockies Express Pipeline, or REX, would supply the same markets as a proposed 3,600-mile, $25 billion to $30 billion pipeline linking Alaska’s North Slope gas reserves to the [...]

Striker Oil & Gas Announces It Has Revised the Terms on Its Lavaca County Prospect and Expects Drilling to Begin This Fiscal Year

Striker Oil & Gas, Inc. announced that it has amended its original agreement on its Lavaca County prospect which reduces its carried working interest from 15% to 10% to casing point. In exchange, the company received a cash payment of $50,000. These adjustments were necessary to facilitate the drilling of the prospect. This prospect will [...]

Tag: lavaca county oil and gas

Coal sales deferred as Newcastle ships queue grows

THE queue of coal vessels at the Newcastle Port has grown so large that some customers are deferring purchases rather than let their ships idle offshore for 20 days before loading.
Gloucester Coal this week revealed its demurrage costs – the amount it pays per tonne when a ship is forced to wait in the long [...]

Goodrich Petroleum Directors Buy on Pullback

After shares of Goodrich Petroleum Corp. pulled back from a multi-year high, two directors at the oil & gas exploration outfit bought stock.
Director Josiah Austin purchased 10K shares at $27.29 on September 20th and 6K shares at $26.46 on September 25th, increasing his holdings to approximately 5.655M shares, or about a 22.7% stake. Meanwhile, Director [...]

Tag: josiah austin arizona

Addax Petroleum Announces Update to Gabon Drilling Program

Addax Petroleum Corporation announces the successful appraisal and development of the Ebouri field in the Etame Marin license area offshore Gabon. Addax Petroleum has a 31.36 per cent non-operated interest in the Etame Marin license area.
Commenting, Jean Claude Gandur, President and Chief Executive Officer of Addax Petroleum said: “We are very pleased with the successful [...]

Tag: obangue drilling 2010, addax obangue drilling 2010

KWG files Debuts Diamonds Inc prospectus, additional diamond recoveries increase Good Friday grade

KWG Resources Inc. has received a receipt for filing of the preliminary prospectus of its subsidiary Debuts Diamonds Inc. The preliminary prospectus is available from the SEDAR record of filings for Debuts Diamonds Inc. As previously published, KWG has transferred all of its diamond exploration interests to Debuts Diamonds Inc. in order to distribute their [...]

Tag: coal mining prospectus, 3 35mm diamond, good friday kimberlite, debuts diamonds inc, kwg files debuts diamonds inc prospectus

Norilsk Nickel prolongs offer on sale of Polyus Gold shares

Norilsk Nickel has prolonged its preliminary offer to sell a one-percent stake in Polyus Gold, equaling to 1,920,826 common shares, until March 25, the Russian nickel and palladium producer’s documents state. It was announced earlier that UBS, Norilsk Nickel’s agent and financial advisor for the deal, was to receive the initial offers no later than [...]