Energtek Anticipates Increase of NatGas Activities in India

Energtek Inc., a world leader in the development of Adsorbed Natural Gas (ANG) technology, announced that additional Natural Gas (NG) production capacity, plus rebounding oil prices will increase the likelihood of significant revenues for the company’s subsidiary in India. Energtek announced earlier this month, that the company’s subsidiary Moregastech India Private Limited expects to report... 

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Matamec Announces the Discovery of New Rare Earth-Yttrium Showings in the Kipawa Alkaline Complex

Matamec Explorations Inc. announce the discovery of new rare earth showings on its 100% Zeus property in Temiscamingue. The property covers 14 371 hectares and is located in the Kipawa alkaline complex. Mining Engineering magazine mentions in its “Industrial Minerals Review” June 2008 edition that consumption of REE, especially in automotive catalysts, fluid cracking catalysts, permanent... 

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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... 

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Gossan Retains Hatch to Provide Engineering Process Support for the Inwood Magnesium Project

Gossan Resources Limited has retained Hatch of Montreal, Canada, to provide engineering process support for the Inwood Magnesium Project The agreement covers a 5-phase work program culminating with the opening of a Certificate of Authorization file with the Manitoba government for construction and environmental approvals for a production facility at Inwood, located in south-central Manitoba. The initial... 

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Arctic Oil & Gas Corp.: Government Officials Should Vote for Energy Prosperity, Not Energy Poverty

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... 

AAA Texas: In Gustav’s Aftermath, Gasoline Prices Remain Steady, Not Likely to Dramatically Increase

Retail gasoline prices in Texas remained steady from Sunday to Monday, increasing just less than 1/2 a penny from $3.522 to $3526. Nationally gas prices remained at $3.67 a gallon. There was no increase nationally from Sunday to Monday. Meanwhile, on international commodities markets, the price of light sweet crude oil, which is refined into gasoline, has dropped. Traders concluded it was unlikely... 

Oil ends higher as Gustav spins toward Gulf

Oil prices climbed for a third day Wednesday as fears deepened that Tropical Storm Gustav could enter the Gulf of Mexico as a powerful hurricane and disrupt oil and natural gas production. On its current trajectory, Gustav could also damage fuel refineries along the vulnerable Gulf Coast and push gasoline prices higher at the pump in time for Labor Day weekend. Light, sweet crude for October delivery... 

Washington and National Oil Marketers Associations Decry Energy Speculators Pushing Oil Prices Up 5.4 Percent in a Day to $121.18 a Barrel

“Today’s 5.4 percent crude oil price increase to $121.18 a barrel despite decreased demand and increased supply is a clear sign that speculators continue to dominate the commodities markets hurting our national economy,” said Lea Wilson, executive director of the Washington Oil Marketers Association (WOMA). “There is absolutely no economic reason for prices to increase the way they did today,”... 

Oil sinks on stronger dollar to $115 a barrel

Oil prices dove to $115 a barrel on Friday, driven lower by a huge jump in the U.S. dollar, signs of moderating demand around the world and the burgeoning belief that commodities may have peaked. Shrugging off concerns about a sabotaged oil pipeline in Turkey, investors pulled their money out of commodities and put it back into stocks, giving crude oil a weekly loss of nearly $10 a barrel, and driving... 

Oil Contracts Virtually Unchanged

Oil prices finished about where they began, after jumping more than $2 earlier on reports of lower U.S. oil stockpiles and an Iranian missile test. Light, sweet crude for August delivery rose a penny to settle at $136.05 a barrel on the New York Mercantile Exchange, but prices shifted between positive and negative territory as traders parsed details of the weekly inventories report following its midmorning...