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Random News from Mining Top News

Triton Announces Commencement of Q1 Drilling Program

Triton Energy Corp. is pleased to announce that the Corporation’s first quarter 2007 drilling program has commenced. A first quarter capital budget of $6.6 million includes the drilling of 7-9 operated wells located in the Sullivan Lake (92.5% WI), Bruce (100% WI before payout and 87.5% WI after payout) and Inland (100% WI) areas [...]

Energy Department Ready To Tap Emergency Oil

The Energy Department is prepared to provide oil from the government’s emergency supplies if a refinery requests it because of the disruption of supplies from Alaska, a department spokesman said Monday.
“We’re taking a very serious look at this,” said spokesman Craig Stevens, referring to the loss of nearly half of oil shipments from Alaska’s North [...]

Petrosearch Energy to close Barnett Shale Project Sale

Petrosearch Energy Corporation told the press that its wholly owned subsidiary, Barnett Petrosearch L.L.C., has closed on the sale of its 5.54455% limited partnership interest in DDJET Limited LLP (“DDJET”) to Cinco County Barnett Shale LLC (“Cinco”), one of the other two partners in DDJET, for a cash purchase price of $36,000,000. At closing the [...]

The Alumina Refining Industry’s Revenue for the Year 2006 Was Approximately $1,460,000,000

Research and Markets (http://www.researchandmarkets.com/reports/c54388) has announced the addition of “Alumina Refining Industry in the U.S. and its Foreign Trade (1996-2008)” to their offering.
This industry report focuses upon the Alumina Refining industry. This U.S. industry comprises establishments primarily engaged in refining alumina (i.e., aluminium oxide) generally from bauxite.

Tag: names of bauxite mining areas in jamaica

IAMGOLD’s Boto Project, Senegal Exploration Update

IAMGOLD Corporation is pleased to announce the discovery of multiple zones of significant gold mineralization at its wholly-owned Boto Property in Senegal, West Africa. The Company controls an extensive land package of 630 square kilometres in southeast Senegal covering an important segment of the Birimian Kedougou-Kenieba greenstone belt. The concessions also cover a significant strike [...]

Tag: senegal oil exploration

Exxon Mobil’s Tillerson Keeps Chairman and CEO Titles

Exxon Mobil chairman and CEO Rex Tillerson will keep both of his titles, as shareholders rejected a plan to split the top jobs at the oil company.
The plan to split Tillerson’s duties into two positions got only 39.5 percent of shareholders’ support at the company’s annual meeting in Houston. A similar vote last year failed [...]

Delta Petroleum raising $56M

Delta Petroleum Corp. on Thursday said it would raise $56.4 million from the sale of stock.
The Denver oil and gas exploration company (NASDAQ: DPTR) said it will sell 2.77 million shares of stock at $20.98 a share. Delta said its net proceeds would be $56.4 million after deducting underwriting discounts, commissions and estimated offering expenses. [...]

Eagle Rock Exploration Enters into Formal Agreements to Acquire Private Oil & Gas Companies

Eagle Rock Exploration Ltd. announces that it has entered into formal binding agreements for the arm’s length acquisition of the outstanding shares of three private oil & natural gas companies for an aggregate cash consideration of $4.5 million. The purchase price is comprised of approximately $4.1 million for petroleum and natural gas interests and $0.4 [...]

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 [...]

Parker Drilling Chairman and CEO Robert L. Parker Jr. Exercises Options for 600,000 Shares

The chairman, president and chief executive of Parker Drilling Co., which provides drilling and related services to the oil and gas industry, exercised options for 600,000 shares of common stock, according to a Securities and Exchange Commission filing.
In a Form 4 filed with the SEC Tuesday, Robert L. Parker Jr. reported he exercised the options [...]