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Random News from Mining Top News

Better Access to High-Performance Computing Could Increase Oil and Gas Production, Reports Microsoft Survey

Empowering geoscientists with more deskside high-performance computing power could increase oil and gas production overall, reports a new survey released today by Microsoft Corp. at the Microsoft® 2007 Global Energy Forum.
The Microsoft High-Performance Computing Oil and Gas Industry Survey 2007, sponsored by Microsoft and conducted by Houston-based Gelb Consulting Group Inc., shows a trend [...]

Natco Group Inc’s contract in libya worth $24.9M

Natco Group Inc, An oil services company, said Wednesday is has received a $24.9 million contract to provide membrane technology for an oil field off the Libyan coast. As part of the deal awarded in May, the company will supply a Cynara membrane system to capture carbon dioxide for re-injection into Bouri, Libya’s largest offshore [...]

Tag: paques natco, natco group, natco mining corporation

Washington Group Gets Uranium Plant Pact

Washington Group to Provide Construction Services for N.M. Uranium Enrichment Plant
Washington Group International Inc. said Monday it received a contract from Louisiana Energy Services to provide construction management services for a uranium enrichment facility in Eunice, New Mexico.
Financial terms weren’t disclosed.
The company said the National Enrichment Facility will provide the country with an alternative domestic [...]

Sail to pay $150 per tonne for BCCL coal

Steel Authority of India (Sail) has agreed to pay the revised coal price of $150 per tonne, to Bharat Coking Coal, in 2008-09, as compared to the previous fiscal, when it paid $105 per tonne. “The price issue is settled. We will sell coking coal from BCCL at $150 per tonne, 40% lower than the [...]

Pacific Coast Nickel Commences Drilling at Burwash Yukon, Provides Update

Pacific Coast Nickel Corp. announce that drilling has commenced on the Burwash Yukon project.
The Burwash property hosts nickel-copper-platinum group element (PGE) mineralization related to intrusions of the Late Triassic Kluane Mafic-Ultramafic Suite that were emplaced during a period of uplift and extension related to widespread basaltic volcanism. The property overlies the east half of the [...]

Indonesia offers 41 oil/gas blocks to investors

Forty-one oil/gas blocks in Indonesia are offered to investors in 2006, according to Lulu Sumiarso, director general of oil/gas development in the Energy and Mineral Resources Ministry.
Twenty oil/gas blocks are offered through tenders and 21 offered directly to investors, he told reporters at the opening of the Jakarta International Geosciences Conference and Exhibition here on [...]

Tag: indonesian investors email address, investment in gas fields, gunting block, offshore oil indonesia, north kangean

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., [...]

Search for Coal Fuels Fresh Hope for Vast Deposits

Kenya’s hopes of becoming a coal producer are much higher after exploratory drilling in two districts yielded encouraging results.
According to Government geologists carrying out studies in the Mui basin in Kitui and Mwingi districts, coal, which is currently imported, has been found at a depth of 11 metres.
On site: Workers and part of the machinery, [...]

Tag: coal in mui basin in mwingi district, environmental impact assessment in kenya on mining coal, environmental impact on coal mining in kenya, environmental assessment report coal minining in kenya, minerals deposit in mwingi area

BHP Billiton Profit May Rise to Record on Copper, Iron Ore

BHP Billiton Ltd., the world’s biggest mining company, will probably say fiscal first-half profit climbed to a record on surging commodity prices.
Net income probably rose to $6.3 billion for the six months ended Dec. 31 from $4.4 billion a year earlier, according to the median estimate of six analysts surveyed by Bloomberg News. Melbourne-based BHP, [...]

Foreigners bid for Zim uranium

Harare – Zimbabwe is considering three foreign bids to mine uranium, a state-run newspaper reported on Sunday, saying work could begin before the end of the year.
Deputy Mines Minister Tinos Rusere did not identify the bidders to the Sunday Mail, a government mouthpiece, saying only that they were narrowed down from a number of applications [...]