There is a real need of a highly modified technology for the mining industry today. Being an informational economy, we recognize the increasing availability of information given to us through various resources. On the other hand, we now have tools to enable us to garner great value from that information quite readily. New information products [...]
Petroleum Development Oman (PDO) announces the discovery of three oil fields. One field, named Budour Northeast, is located in the Birba area of south Oman. The other two discoveries are extensions of the Ufuq and Dafiq fields, whose discovery was originally announced last year.
“These new fields will contribute to the sustainability of PDO’s oil production”, [...]
Chadian President Idriss Deby on Saturday ordered U.S. energy giant Chevron and Malaysia’s Petronasto leave his country within 24 hours for failing to pay tax as regulated, report reaching here from Chadian capital N’djamena said.
Deby told a government meeting that “the representatives of Chevron and Petronas must leave Chad and close [...]
Transocean Inc. announced that a five-year contract has been executed with a client for a previously announced ultra-deepwater newbuild drillship equipped for drilling in up to 10,000 feet of water depth, upgradable to 12,000 feet of water depth with additional equipment, and constructing wells up to 40,000 feet total depth. The rig is listed in [...]
Bridge Resources Corp. through its wholly-owned subsidiary Bridge Energy Inc. has completed the acquisition (the “Acquisition”) of the assets of Bridge Energy LLC (the “Vendor”) which comprise a 50% working interest in approximately 100,000 acres located in the Boise Basin of Idaho and Oregon and offers a large number of oil and gas prospects (the [...]
North American Energy Resources, Inc., an early stage oil and gas exploration and production company, announced today that it has completed a gas well in the Mississippi Chat formation adjacent to its two recently completed oil wells.
The well had been perfed and was acidized with 300 barrels of a 15% acid solution at 600 lbs. [...]
Sultan Minerals Inc. is pleased to report that it has now received encouraging results from a preliminary Metallurgical Test for Molybdenum Flotation completed on a composite drill core sample from its Jersey-Emerald Property in southeastern British Columbia. The metallurgical study was completed by Process Research Associates Ltd. of Richmond, BC.
The metallurgical study blended core samples [...]
Petro-Canada, the operator and a 60% owner of the Fort Hills Project (Project), along with its Partners in the Fort Hills Energy Limited Partnership, said today that the preliminary results of the Front-End Engineering and Design (FEED) work suggests that estimated costs for the Fort Hills Project have risen considerably. The Project, as currently conceived, [...]
Inmet Mining Corporation and Petaquilla Copper Ltd. announced that they have signed a letter agreement pursuant to which PTC’s board of directors has agreed to unanimously support a revised offer by Inmet to acquire all the outstanding common shares of PTC. Pursuant to the terms of the revised Offer, PTC shareholders will be entitled [...]
Nuinsco Resources Limited and partner Temex Resources Corp. announced positive results from the fall surface exploration program conducted on the Marijane Lake and Huston Lake Uranium Properties. Drill testing of select anomalies is now underway.
Commented Ian Campbell, President and CEO of Temex: “We are very encouraged by the results of the fall program conducted to [...]