First Uranium enters into exclusive agency agreement with Traxys to market and contract future uranium production

First Uranium Corporation announced that an exclusive agency agreement has been entered into with the Traxys Group, a global metals, minerals and energy marketing company. As per the agreement, Traxys will market, on an exclusive basis, all of the uranium production from First Uranium’s underground Ezulwini Mine and its tailings re-treatment operation at Mine Waste Solutions (“MWS”),... 

CONSOL Energy and Synthesis Energy Systems Announce Funding of Front-End Engineering Design Package for West Virginia Coal Gasification Project

CONSOL Energy Inc., the nation’s largest producer of bituminous coal, and Synthesis Energy Systems Inc., a global industrial gasification company, intend to develop through a joint venture their first U.S. coal gasification and liquefaction plant to be located in West Virginia. CONSOL (through its subsidiary Terra Firma Company) and SES have formed Northern Appalachia Fuel LLC (“NAF”),... 

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Oil prices lower in Asian trade

World oil prices were slightly lower in Asian trade on Monday after fresh unrest in Africa’s biggest crude producer, Nigeria. New York’s main oil futures contract, light sweet crude for June delivery, was 13 cents lower at 116.19 dollars per barrel. The benchmark contract rallied 3.80 dollars to close at 116.32 dollars on Friday at the New York Mercantile Exchange. Brent North Sea crude... 

Uranium plant fuels growth for oil town

There’s a saying in these parts: Where oil flows, a city grows.” Yet more than just oil and gas is fueling a recent growth spurt for the southeastern New Mexico town, whose 2,700 residents have begun to feel the initial impact of a $1.5 billion uranium enrichment plant going up nearby. Situated on 640 acres just east of town near the Texas border, the first major nuclear facility to be... 

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Buckeye GP Holdings L.P. Reports 2006 Fourth Quarter and Year End Results and Increases Quarterly Distribution

MainLine Management LLC, the general partner of Buckeye GP Holdings L.P., reported financial results for the fourth quarter of 2006, as well as for the full year 2006. The Partnership’s net income for the fourth quarter of 2006 was $3.0 million, or $0.11 per LP unit, compared with net income of $1.4 million reported for the fourth quarter of 2005. Revenue in the fourth quarter of 2006 increased... 

Cross Lake Minerals Ltd.: QR Mine Permit Approved-Project Development Ongoing

Cross Lake Minerals Ltd. is pleased to provide this update of operations for the QR Mine Project, which is located approximately 60 kilometers southeast of Quesnel, British Columbia. Over the past several months, the final information was compiled and submitted to the Ministry of Energy, Mines and Petroleum Resources in support of the application by the Company to restart operations at the QR Mine.... 

Crude Oil Declines as Mild U.S. Weather Curbs Fuel Consumption

Crude oil fell more than 2 percent in New York, the biggest drop in six weeks, as mild U.S. weather curbs heating-fuel consumption. Home-heating demand in the Northeast, the region responsible for 80 percent of U.S. heating-oil use, will be 26 percent below normal through Jan. 2, said Weather Derivatives, a forecaster in Belton, Missouri. Natural gas, a competing fuel, plunged more than 7 percent on... 

Chevron Selects OTI’s EasyFuel as its Petroleum Payment and Automated Fuel Management Solution

On Track Innovations Ltd, (OTI) today announced that Chevron Corporation , has chosen OTI to be the provider of its EasyFuel petroleum payment and automated fuel management system. EasyFuel provides oil companies with the ability to sign long term contracts with fleets, assuring the correct grade and amount of fuel is dispensed into an authenticated fuel tank and provides loyalty and contactless payment... 

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CanArgo Energy Corporation: Ninotsminda Gas Sales Agreement Signed

CanArgo Energy Corporation (“CanArgo”) (OSE: CNR) (AMEX: CNR) today announced that its wholly owned subsidiary company Ninotsminda Oil Company Limited (NOC) signed a gas sales agreement for the supply of gas from the Ninotsminda Field in Georgia. CanArgo also gave an update on its operations in Georgia. Gas Sales Agreement All gas produced from the Ninotsminda Field with the exception of... 

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European consortium to build uranium enrichment plant in US

US authorities have given a European-led consortium peremission to build the first uranium enrichment plant in the United States for 30 years. The Nuclear Regulatory Commission said the new 1.5 billion dollar plant would be built at Eunice in New Mexico by Louisiana Energy Services (LES). Work on the National Enrichment Facility (NEF) is to start in August and the plant could be selling enriched uranium...