GE, Sasol Sign Service Agreement for New Power Project That Could Help Ease South Africas Energy Crisis

GE Energy announced today that it has signed a 15-year service agreement with South African oil and gas company Sasol. Under the agreement, GE Energy will provide around-the-clock monitoring and diagnostics of Sasol’s new power plant in Secunda, which could help ease South Africa’s energy crisis. South Africa, which has Africa’s largest economy, is in the grip of an electricity supply crunch.... 

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Russell Industries Answers the Question, Why Should You Invest in Uranium

Russell Industries, Inc., recently the Company has been asked by the general investor public, “Why should I invest in Uranium”? To follow are a few of the reasons as published in Money Week, October 7, 2007. “Security concerns over global oil supply and fears of global warming have shifted public opinion,” say analysts at Canada’s Haywood Securities, “with nuclear energy becoming an acceptable... 

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Coal Demand in India to Grow at a CAGR of 7.58% in the Next Two Years

Research and Markets has announced the addition of the “Indian Coal Industry” report to their offering. India is the third-largest producer and consumer of coal in the world. With proven reserves of 257.38 billion (Bn) tonnes, coal is one of the most abundant sources of energy in the country. In 2007, coal accounted for 51 percent of the primary energy consumed in the country. The coal... 

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Toro Ventures, Inc. Updates Shareholders on Its Crown Leases in Oklahoma

Toro Ventures, Inc. reports that the third shipment of oil has been shipped to the oil purchaser from its Crown lease. The Crown 1 & 3 wells have been producing with no down time. The Company has installed all pipes for the gas discovery on the Crown # 3 well. Interfin Gas Gathering Corporation has installed a new gas meter and gas production has begun. This natural gas will add to the revenues... 

Majescor’s Lac Mantouchiche Uranium Drill Intersection Improves to 0.215% U3O8 Over 18.5 M: Drill Rig Mobilized to South Rae, Ungava, Quebec

Majescor Resources Inc. is pleased to provide supplementary data on its significant uranium drill intersection at its 100%-owned Lac Mantouchiche uranium prospect located on the Mistassini property, in the Otish Mountains of Quebec (uranium rights under option to Strateco Resources Inc.; 721 claims, 384 km2). Based on recently received additional core assays, the Lac Mantouchiche intersection has been... 

Sabah sticks to its guns on coal-fired power plant

The Sabah Government is sticking to its decision against building a coal- fired power plant in Lahad Datu. State Tourism, Culture and Environment Minister Datuk Masidi Manjum said the government could not afford the environmental risks of such a facility close to key pristine conservation areas. “We are aware of the argument that coal-fired plants in the peninsula are sited close to a resort and... 

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Exxon Mobil Nigeria Production Resumes as Strike Ends

Nigerian oil workers ended a strike that cut the country’s oil output over the last several days. The head of the union at an Exxon Mobil Corp. unit said members would return to work after negotiators reached an agreement with management about pensions. Exxon Mobil said in a statement that it was restarting production. Nigeria produces about 2.1 million barrels of crude a day. It is not clear... 

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Nigerian oil output may drop by one third on lack of investment

Nigerian oil output could fall by nearly a third by 2015 if the country does not garner more investment, the Financial Times reported Thursday. The business daily quoted a progress report by advisers to President Umaru Yar’Adua that it had seen as saying that funding shortfalls “portend a grave danger not just to the reform process (of Nigeria’s energy industry), but to the continued... 

Indian Firm Commits $5 Million to Coal-Powered Energy

India’s Era Engineering Innovations (EII) has committed an investment of US$5 million into coal-powered energy generation in Zambia following the just-ended Conclave on Indo-Africa Project Partnership in New Delhi. Commerce, Trade and Industry Minister, Felix Mutati, who led the Zambian delegation to the meeting signed a Memorandum of Understanding (MoU) with EII director, Ajay Mishra over the... 

Trial in coal contract dispute to begin

Opening arguments are expected today in a lawsuit that pits a steel maker against West Virginia’s largest coal company. Wheeling-Pittsburgh Steel Corporation is suing a subsidiary of Richmond, Virginia-based Massey Energy for failure to deliver coal to the steel producer’s coking operation in Follansbee. Wheeling-Pitt sued Central West Virginia Energy Company in April 2005 claiming the...