Riverstone Completes Acquisition of Seajacks International

Riverstone Holdings LLC’s most recent renewable energy fund has successfully completed its previously announced acquisition of Seajacks International, for a total cash consideration of US$207 million. Seajacks is now wholly-owned by Riverstone and the management team. Seajacks currently owns and operates two self-propelled jack up vessels out of Great Yarmouth in the United Kingdom: the Seajacks... 

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The Start-up of Ledong Promotes CNOOC Limited’s Gas Production Growth

CNOOC Limited announced today that Ledong (LD) 22-1, an independent gas field of the Company, has successfully commenced production. Currently, it is producing approximately 30 thousand cubic feet of natural gas per day via 5 wells. About 47 kilometers eastern of the producing field Yacheng 13-1 and 20 kilometers western of LD 15-1 gas field, LD 22-1 is located in the Yinggehai Basin of the Western... 

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Industry Research and Investment Analysis Report on China’s: Iron Ore Mining Industry for 2008

Research and Markets has announced the addition of the “China Industry Research and Investment Analysis: Iron Ore Mining Industry, 2008” report to their offering. The unprecedented growth seen in China, India and Russia has created strong demand for iron ore. China itself consumes over 50% of the world’s iron ore production. The shortage of iron ore will continue until 2011. With... 

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Magnus International Resources Signs Earn-In Agreement on Ibanda Gold Exploration Property in Uganda

Magnus International Resources, Inc. is pleased to announce the signing of an Earn-In Agreement with Canmin-Gold Limited, a subsidiary of IBI Corporation, on the Ibanda gold exploration property located in southwest Uganda. Under the terms of the Agreement, Magnus has the right to earn a 5% interest in the property for each $150,000 of expenditures that it makes and may earn up to an 80% interest by... 

Indian tribe defends “hill god” from foreign miner

Their thick, ancient forests shelter leopards, elephants and even the odd tiger, their slopes are home to an isolated tribe, but the “curse” of eastern India’s Niyamgiri hills lies beneath the soil. Massive deposits of bauxite have brought Britain’s Vedanta Resources to this remote corner of the state of Orissa, where they have already built a $900 million alumina refinery. Just... 

Phillips Petroleum Company Museum staff announced

ConocoPhillips officials announced today the hiring of three staff members to manage the Phillips Petroleum Company Museum scheduled to open in May. Thad Satterfield, formerly CEO and executive director of the Bartlesville Regional United Way, has been named marketing director and will provide direction and strategy for the Phillips Petroleum Company Museum in Bartlesville, as well as the new Conoco... 

CNPC, Yanchang Petroleum to Explore for Oil in Shaanxi

China National Petroleum Corp, the country’s largest oil and gas producer, plans to set up a joint venture with Yanchang Petroleum Group to explore for oil in northwestern Shaanxi province, the official Xinhua news agency reported. Li Xiaodong, director of the Shaanxi Development and Reform Commission, was quoted as saying that the two parties each plans to maintain output from exploration at... 

China University of Petroleum Names New York Global Group President Benjamin Wey a Distinguished Visiting Professor

New York Global Group (NYGG), a global investment banking and strategic consulting firm with almost a decade of experience in bridging the cultural and regulatory gaps between the U.S. and Chinese capital markets, today announced that NYGG President Benjamin Wey was named a Distinguished Visiting Professor by the China University of Petroleum, Beijing. Mr. Wey commented, “It is a great pleasure... 

Magnus International Resources Acquiring African Mineral Fields to Explore Mineral Opportunities in Africa

Magnus International Resources, Inc. announced today that it has entered into a letter of intent to acquire African Mineral Fields, a company which holds an exclusive option to acquire 100% interests in four gold projects in Uganda. The acquisition comes as part of Magnus’ decision to expand its mineral portfolio into Africa, which holds 55% of the known global gold resource and is experiencing... 

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Magnus Acquiring African Mineral Fields to Explore Mineral Opportunities in Africa

Magnus International Resources (“Magnus”) ”the Company”) NASD OTC-BB: ”˜MGNU’) announced today that it has entered into a letter of intent to acquire African Mineral Fields, a company which holds an exclusive option to acquire 100% interests in four gold projects in Uganda. The acquisition comes as part of Magnus’ decision to expand its mineral portfolio... 

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