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Industry Leaders Help Advance Math and Science Education

An education initiative aimed at inspiring students to choose careers in math and science will soon award a third round of grants to K-12 classrooms at several local schools.
The Education Collaborative, an outreach program of the Society of Petroleum Engineers of Santa Maria, awards the grants on behalf of the Oil & Gas Industry. In [...]

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Analytical Surveys Receives Nasdaq Notice

Analytical Surveys, Inc., a San Antonio-based oil and gas company focused on participation in non-operating exploration and production of U.S. onshore oil and natural gas reserves, and formerly a service provider to the geographic information systems (GIS) markets, today announced that it received notice on February 16, 2007, from the Nasdaq Stock Market indicating that [...]

Indonesian workers strike at huge U.S.-owned mine

Thousands of workers at a huge U.S.-owned copper and gold mine are on a sit-down strike demanding a greater role in management, which they say is discriminating against tribespeople in remote Papua province.
Freeport-McMoRan Copper & Gold Inc., based in Phoenix, has been plagued for years by allegations of human-rights abuses and environmental damage at its [...]

Callon Petroleum Reserves Fell in 2006, Due Mostly to a Reclassification of Deepwater Assets

Oil and gas explorer Callon Petroleum Co. said Wednesday it ended 2006 with diminished proved reserves because Entrada Field prospects declined.
Callon Petroleum said it finished 2006 with estimated net proved reserves of 66 billion cubic feet of natural gas and 13.3 million barrels of oil, or a combined 145.6 billion cubic feet of natural gas [...]

CVRD, Erdemir Agree to 2007 Increase for Iron-Ore and Pellets

Cia. Vale do Rio Doce, the world’s largest iron-ore producer, said Eregli Demir ve Celik Fabrikalari TAS, Turkey’s only maker of flat steel products, agreed to pay more for iron ore in 2007.
The Zonguldak, Turkey-based steelmaker will pay 9.5 percent more for iron ore and 5.28 percent more for pellets shipped through the ports of [...]

Poseidon Nickel Targeting 1mt Processing Plant

Poseidon Nickel declared a 1mtpa Nickel Sulphide ore processing target from its Windarra mine site. CEO, David Singleton, said that Poseidon’s “Fast Start” concentrator concept could see production start within a year of initiation, up to 18 months faster than would be the case if a more conventional project was run.

Targetting 1 Million Tonne Processing [...]

FMC Technologies Awarded $87 Million Contract for StatoilHydro’s Norne Field

FMC Technologies, Inc. announced that it signed a contract with StatoilHydro for the manufacture and supply of additional subsea equipment for its Norne field development, located in the Norwegian Sea. The contract, valued at approximately $87 million in revenue, is a call-off from a frame agreement that was originally signed in 2007.
FMC’s scope of supply [...]

Ecopetrol and Anadarko Signed an Agreement to Undertake Oil Exploratory Activities in Brazil

Ecopetrol S.A., through its Brazilian subsidiary, Ecopetrol Oil Gas do Brasil Ltda., signed a Participation Agreement with Anadarko’s subsidiary, Anadarko Exploracao e Producao de Petroleo e Gas Natural Ltda. Through this agreement, Ecopetrol Oil Gas do Brasil Ltda. will have a 50% participation in the BMC-29 Concession in Brazil.
The BMC-29 Concession is an offshore concession [...]

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Paladin Energy Ltd: Langer Heinrich Achieves Design Production for the Full Quarter

Paladin Energy Ltd announce that it has reached nameplate production at Langer Heinrich for the quarter ending 30 September 2008 producing 650,560lb U3O8 for this period. This quarterly production amounts to 2,602,239lb on an annualised basis. Stage I design (or nameplate) production is specified at 2,600,000lb U3O8 per annum.
The Board regards this as a significant [...]

Glass Lewis Recommends Bronco Stockholders Approve Merger with Allis Chalmers

Bronco Drilling Company, Inc., announced that Glass Lewis & Co., a leading proxy advisory firm, has recommended that Bronco stockholders vote FOR the merger with Allis-Chalmers Energy Inc. (NYSE: ALY) (“Allis-Chalmers”) at Bronco’s Special Meeting of Stockholders scheduled for August 14, 2008. In making its recommendation, Glass Lewis stated in its August 1, 2008 report, [...]