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Random News from Mining Top News

Government Raises Oil and Gas Price Forecasts

The Energy Department raised its outlook for the average price of a barrel of crude and a gallon of gasoline this year.
The Energy Information Administration’s Short-Term Energy Outlook now say oil will average $127 a barrel this year, up from the $122 a barrel forecast in last month’s report. The EIA expects gasoline to average [...]

Offshore drilling bill moves forward in Senate

A bill to open waters in the Gulf of Mexico off Florida to oil and natural gas drilling easily cleared a procedural hurdle on Wednesday that paves the way for the U.S. Senate to vote on the measure in coming days.
But Senate Republican leaders said they would oppose a push by Democrats to widen debate [...]

Uganda: Cabinet Okays Oil, Gas Policy

The long-awaited National Oil and Gas Policy which has been lying in Cabinet for over a year has finally been approved.
The draft policy which went to Cabinet about two years ago was delayed because of the need for further consultation with all stakeholders, in order to resolve all outstanding issues.
The policy provides for the administration, [...]

Storm Cat Energy Corporation Provides Update on Fayetteville Shale Production Activity

Storm Cat Energy Corporation provided an update of its operations in the Company’s Arkansas Fayetteville Shale acreage.
The first three of the Company’s 2008 Fayetteville development program wells are now on production and tied into sales, two of which have undergone State of Arkansas Form 13 testing. Each well continues to produce significant volumes of fracturing [...]

Morales fires 2 Bolivia mining officials

President Evo Morales fired two top mining officials late Friday after a clash between rival bands of miners over access to the country’s richest tin deposit left at least 16 dead and more than 60 injured.
Reports of a halt to the fighting came after the government sent 700 police to control the mountainside where the [...]

Arianne Starts Drilling on Massicotte/Detour Lake

Arianne Resources Inc. announce that drilling is starting on the Massicotte/Detour Lake, Abitibi, Quebec. This property is under option from Radisson Mining Resources. The Massicotte property is adjacent to Detour Gold Corporation’s (Detour Gold) property, for which it announced measured and indicated resources of more than 10.76 million ounces of gold (press release of July [...]

Gasoline prices continue to drop

Gasoline prices in the Los Angeles-Long Beach area dropped for the 12th consecutive week this week, but by the smallest amount since mid-August, the Automobile Club of Southern California reported Friday.
The average price of a gallon of self-serve regular gasoline fell 2.5 cents over the past week and stood at 2.679 dollars this morning, 40 [...]

Sao Luis Mining, Inc. Announces Completion of First Round Financing

Sao Luis Mining, Inc. (Other OTC:SAOL.PK) announced today the completion of its first round of financing. The Company’s private placement offering generated $500,000 and was secured by the Company’s common stock and stock warrants.
Jack Lake, Chairman of the Board and President, said, “The proceeds of this private placement are one of the first steps in [...]

Tag: mineradora manganes, named sl mineradora ltda

Philippines Phoenix Petroleum To Distribute Emarat Lubricants

Phoenix Petroleum Philippines Inc., a local oil company planning to list on the stock exchange, said Thursday one of its wholly-owned subsidiaries recently signed a supply deal with UAE-based oil refiner Emarat.
The unit, Phoenix Global Mercantile Inc., will distribute Emarat’s high-grade lubricants in the Philippines, Phoenix Petroleum said.
Alberto Alcid, director for the lubricants and chemicals [...]

Tag: emarat petroleum, emarat and its subsidiaries, pheonix lubricants in the philippines, phoenix petroleum philippines inc, phoenix petroleum philippines planning

Israeli Energy Company to Build Sea Wave Power Plants in China

Energy company, S.D.E., which has developed an innovative technology for generating sea wave electricity, has signed an agreement for selling sea wave power plants throughout China. Construction of the power plants will be financed by investors from Hong Kong and China.
Two joint venture companies, formed in Hong Kong by S.D.E and the investors for the [...]

Tag: sea waves contract electricity, power miner sde, wave sde energy, countries that have wave power stations, sea wave power plants