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Random News from Mining Top News

Max Petroleum Outlines Kazakhstan Drilling Program

Max Petroleum plans to drill a total of 30 shallow wells up to a depth of 1,000 meters by the end of 2007, of which two wells, the ZMA-1X and ZMA-2X, have already been successfully drilled, completed and are now producing. Drilling operations on the third well, the ZMA-4X, are ongoing.
In total, the Company plans [...]

Oil jumps on OPEC cut

Oil jumped a dollar to above $60 on Thursday after OPEC officials said the producer group will cut output by 1 million barrels per day as soon as possible to prop up prices.
Top world exporter Saudi Arabia will lower production by 300,000 barrels per day as part of the plan, an OPEC delegate said. Oil [...]

Oil Down After Volatile Session

Oil futures ended a whipsaw session slightly lower, as the expiration of options played havoc with prices, driving crude near record high levels at times and down by more than $3 a barrel at others. Retail gas prices, meanwhile, advanced past $3.77 a gallon.
Options let investors bet oil prices will rise or fall in the [...]

Wasserman Morris & Co. Initiates Coverage and Issues Research Report for Gold Resource Corporation

Gold Resource Corporation is a production focused mining company owning 100% of three potential high-grade gold and silver properties in Mexico. GRC is currently engaged in a 10,000 meter drill program at its El Aguila Project in Oaxaca Mexico. GRC is pleased to announce the initiation of coverage and issuance of a Research Report [...]

Parker Drilling to Sell 2 Barge Rigs

Offshore driller Parker Drilling Co. said Friday it will sell two Nigerian barge rigs and related assets to Shell Petroleum Development Corp. of Nigeria Ltd. for $46 million
The deal is expected to produce a one-time gain of between $2 million and $2.5 million for Parker Drilling. The company has already received a 10 percent deposit [...]

U.S. CO2 legislation threatens future of coal in power generation

Standard & Poor’s affirmed Wednesday that carbon dioxide emissions caps now being considered by the U.S. Congress could make domestic coal plants more expensive to build and operate.
Although coal prices have dropped significantly since early 2006, S&P’s analysis suggests that ”we see moderation, not disaster in coal prices going forward.” Primary Credit Analysts Thomas Watters [...]

Universal Completes Purchases of Namibian Oil & Gas Interests

Universal Power Corp. announced that further to its news releases dated June 24, 2008 and July 21, 2008 the transactions to acquire a 30% carried interest in Petroleum Exploration Licence (“EL”) 2815 off-shore Namibia and purchase an additional 70% of Kunene Energy (Pty) Ltd, (“Kunene Energy”) have now been completed.
Namibian Oil & Gas Assets
On February [...]

Tag: ismocol en el peru

IAMGOLD Announces Results From the Westwood-Mooshla Exploration Project

IAMGOLD Corporation is pleased to announce results of 10 holes from its Westwood-Mooshla underground exploration program. These results include an intersection of 8.0 metres averaging 34.9 grams per tonne (g/t) gold and a one meter intersection averaging 160.6 g/t gold. A surface drilling program in 2004 led to the discovery of the Westwood deposit, located [...]

Tag: forum pengrowth energy

Annual Report of Gold Fields Limited for Financial Year to 30 June 2008

Gold Fields Limited today issued and mailed its Annual Report for the financial year to 30 June 2008 to shareholders and other interested parties.
The report incorporates all aspects of the group’s business, including reviews of both the South African and international operations, exploration and development projects as well as detailed financial information.
To allow stakeholders to [...]

Murphy Oil Announces Turquoise Marine-1 Discovery in the Republic of Congo

Murphy Oil Corporation announced an oil discovery at the Turquoise Marine-1 prospect located in the Mer Profonde Sud (MPS) block, offshore Republic of Congo (Brazzaville). The well was drilled in 5,285 feet of water to a total measured depth of 12,060 feet and encountered in excess of 136 feet of net oil pay. The Turquoise [...]

Tag: mining legislation in republic of congo brazzaville, azurite turquoise marine, turquoise mps, adress mrphy congo bz, turquoise oil discovery