PT Bumi Resources, Indonesia’s biggest coal exporter, has canceled a US$3.2 billion deal to sell its two coal mining units to a consortium of local companies led by PT Renaissance Capital following a prolonged delay in the closing of the transaction.
Bumi’s finance director Eddie Soebari told The Jakarta Post on Friday that his company was [...]

Australian-Canadian Oil Royalties Ltd. has reported that the operator of VIC/P54 states that the Longtom-3 H (Horizontal) well was drilling ahead at a measured depth of approximately 13,386 feet.
Longtom 3 H (Horizontal) has, to date, intersected approximately 1771 feet of gas reservoir sands in the lower part of the Admiral Formation, making a total of [...]

Peak Group Asia Pacific, part of the Norway-based AGR Ability Group ASA, is to provide essential services for the drilling of at least 13 offshore exploration and development wells in Australia under a major multi-well, multi-client well construction programme.
The project, involving expenditures of some US$100 million, will embrace at least four operators. Drilling will be [...]

Aurelio Resource Corporation (”Aurelio”) (OTCBB: AULO) is pleased to announce that it has completed, pursuant to an agreement entered into with Aurelio Resources Inc. (”ARI”) and its shareholders dated April 27, 2006, the acquisition of all of the issued and outstanding common stock of ARI, a privately-owned Colorado corporation engaged in mineral development, expansion and [...]

BHP Billiton Ltd., the world’s biggest mining company, may say fiscal second-half profit jumped to a record because of rising copper and iron ore prices.
Net income probably increased to $6.34 billion for the six months ended June 30 from $3.45 billion a year earlier, according to the median estimate of five analysts surveyed by Bloomberg [...]

A Nebraska-based irrigation manufacturing and well drilling company has expanded its operations to Aurora.
Sargent Drilling, founded in 1937 and now headquartered in Broken Bow, purchased the former Flodman Plumbing building on E Street and began offering sales and service earlier this year.
“To service ag customers you have [...]

Sur American Gold Corporation (TSX VENTURE: SUR) is very pleased to advise that drilling at its 7km long Tagpura copper-gold project in Compostela Valley, Eastern Mindanao, Philippines is underway with the initial hole now at a down hole depth of 241 metres and projected to be drilled to 300 metres.
In preparation for the drilling program [...]

Woodside Petroleum Ltd., Australia’s second-largest oil and gas producer, may report higher first-half profit tomorrow after crude oil prices jumped.
Profit before one-time items likely rose 15 percent to A$515 million ($395 million) in the six months ended June 30, from A$448.5 million a year earlier, according to the median estimate of six analysts surveyed by [...]