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Random News from Mining Top News

Chief Oil & Gas Welcomes Delivery of New Drilling Rig

Chief Oil & Gas and Union Drilling, Inc. unveiled the new AC QuickSilver drilling system in Lycoming County, Pennsylvania, the first-of-its-kind rig designed for horizontal natural gas drilling in the Marcellus Shale.
“This is an exciting time for Chief Oil & Gas and the Commonwealth of Pennsylvania,” said William Buckler, Senior Vice President of Operations for [...]

Tag: chief oil and gas offer letter, lycoming county gas wells jobs, oil rig locations in pennsylvania, pa gas rigs, allis chalmers idm rig

Entree Commences Drilling at Lordsburg, New Mexico

Entree Gold Inc. has commenced drilling on the western target at the Lordsburg, New Mexico copper-gold porphyry project. The Lordsburg project is located within a southeast-trending belt which hosts several large current and past copper producers, including Freeport McMoran’s Morenci, Tyrone, Chino and Safford operations.
The budgeted drill program is planned to include 2,700 metres (8,850 [...]

Tag: the lordsburg mining company, lordsburg new mexico mining

Conway Resources Makes an Offer to Purchase the Belleterre Mine Property

Conway Resources Inc. announce the signature of a letter of intent by arm’s length parties setting the general terms for the purchase of all the issued and outstanding shares of private company Ressources mine Belleterre inc., which owns two mining concessions covering 404.71 hectares in Guillet Township, Quebec, known as the Belleterre mine property.
As consideration, [...]

Ur-Energy Options Athabasca Uranium Property, Drilling to Commence Immediately

Ur-Energy Inc. is pleased to announce the signing of a letter of intent with Titan Uranium Incorporated whereby Ur-Energy can earn up to an undivided 51% working interest in Titan’s R-Seven and Rook I properties by funding Cdn $9 million in exploration programs managed by Titan over a 4-year earn in period. Diamond drilling of [...]

Volta Resources Announces Further Drilling Results From its Gaoua Copper-Gold Project in Burkina Faso

Volta Resources Inc. report assay results from twelve out of 15 holes drilled on the Dienemera target located on the Malba permit at Gaoua. The drilling is part of the 39-hole, 11,306 meter diamond drilling program recently completed at Volta’s Gaoua copper-gold porphyry project in southern Burkina Faso, West Africa where results continue to confirm [...]

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Husky, CNOOC find big China oil/gas field

Husky, controlled by Hong Kong billionaire Li Ka-shing, said on Wednesday the well could contain 4-6 trillion cubic feet (113.3 billion to 169.9 billion cu m) of recoverable resources, a form of preliminary estimate.
Merrill Lynch called it new evidence of terrific potential of offshore China.
In comparison, China’s largest-ever onshore gas discovery, according to second-largest oil [...]

Tag: husky and cnooc, liwan husky cnooc, husky cnooc

BP profits weaken despite record high oil prices

Energy giant BP has said that net profits dipped in 2006, reflecting a decline in production and refining margins, despite record peaks for crude oil prices in the middle of the year.
Fourth-quarter profits meanwhile slid following recent oil price losses, combined with higher safety costs following the deadly Texas City refinery blast in 2005.
BP also [...]

Southeast Supply Header Adds Significant Market Commitments

Southeast Supply Header, LLC (SESH) has signed three additional shippers to long-term contracts, bringing total commitments to nearly 1 billion cubic feet per day (Bcf/d), the initial proposed capacity on the new natural gas pipeline system that is anticipated to be in service by summer 2008.
Southern Company, Tampa Electric Company and EOG Resources, Inc., [...]

Uranium mine ban under new pressure

Premier Alan Carpenter has come under renewed pressure to lift the ban on uranium mining after new research estimated an expansion of the uranium industry would help cut up to 15 billion tonnes of greenhouse gases and deliver a $27 billion boost to the economy.
Federal Resources Minister Martin Ferguson released a report yesterday which estimated [...]

Cross Lake Minerals Ltd.: QR Mine Permit Approved-Project Development Ongoing

Cross Lake Minerals Ltd. is pleased to provide this update of operations for the QR Mine Project, which is located approximately 60 kilometers southeast of Quesnel, British Columbia.
Over the past several months, the final information was compiled and submitted to the Ministry of Energy, Mines and Petroleum Resources in support of the application by [...]