Arctic Oil & Gas Corp. (351 million shares issued), a petroleum exploration company, is pleased to announce that the Company and partners have proposed $2.50 gasoline, 30% discounted natural gas and hundreds of millions of dollars in royalties to Santa Barbara County from a proposed, (40% AOAG equity) Santa Barbara OCS-State petroleum lease development project, on known oil accumulations containing...
Below is a statement issued by T. Boone Pickens following his meeting this morning with U.S. Senator Barack Obama (D-IL): “I enjoyed the opportunity to meet Senator Obama and discuss an issue that is America’s top priority, which is ending our dependence on foreign oil that today is approaching 70 percent of our imports and is costing us $700 billion a year. “I assured Senator Obama that...
Currently, global sulfur production is mainly concentrated in Canada, Russia and the Middle East. The global trade volume of sulfur in 2006 reached 27.7 million tons and meanwhile, China imported 8.81 million tons, accounting for 31.8% of the world’s total. According to the statistics, China consumed about 10 million tons of sulfur in 2006, while its output was only 1-2 million tons, which made...
Soaring oil and food prices lifted inflation to record levels in Europe on Wednesday and posed a serious threat to governments worldwide amid expert warnings of social upheaval. Record inflation has spared neither rich nor poor countries as food and energy prices have surged worldwide with booming demand in fast-growing Asian countries such as China and India. Inflation in the 15 nations sharing the...
The United States’ trade deficit grew larger in January as imports – including crude-oil prices ”” zoomed to all-time highs. The latest snapshot of trade activity, reported by the Commerce Department on Tuesday, showed that the country’s trade gap increased to $58.2 billion. That was up from a trade shortfall of $57.9 billion in December and was the highest since November. Imports...
Synthesis Energy Systems Investments, Inc., a subsidiary of Synthesis Energy Systems, Inc. (“SES” or the “Company”) (OTC: SYMX), a coal gasification company involved in the conversion of low cost fuels into clean energy and chemical products, and Inner Mongolia Golden Concord (Xilinhot) Energy Co., Ltd., a subsidiary of Golden Concord Holdings Ltd. (“Golden Concord”),...
Heavy drilling equipment that was used in off-shore oil drilling by Australia’s Woodside Energy off the Lamu Coast was on Friday loaded into a cargo freighter at the Moi Airport, Mombasa. The aircraft was scheduled to fly out of Mombasa and head to Perth, the head office of oil exploration company, Woodside Energy. Oracle Content & Collaboration The exercise marks the end of Woodside Energy...
India’s top energy firms are set to win the most blocks in the country’s gas-rich offshore exploration areas when the results of the latest asset auction are announced this week, a senior official said on Tuesday. Leading state-run energy exploration company Oil and Natural Gas Corp. (ONGC) will be awarded 25 blocks in the country’s largest ever sale, the official, who would not be...
Honduras will take temporary control of foreign-owned oil storage terminals as part of a government import program meant to drive down fuel prices, President Manuel Zelaya said late on Saturday. Zelaya ordered the move after failing to reach a deal with big oil companies Exxon Mobil and Chevron , as well as local company DIPPSA, to rent the terminals. “It is not a nationalization, it’s...
Indonesia has quietly become the world’s second-largest exporter of coal used to generate electricity and could potentially challenge Australia for the top spot this year, analysts and industry officials say. But growing domestic demand for energy in Indonesia and stagnating foreign investment have cast doubt on the country’s ability to take advantage of expanding demand for coal in its...