Candente Resource Corp. and Orex Ventures Inc. are pleased to announce that drilling commenced on Thursday October 19th on the Pamel Property in Central Peru. Diamond drilling is being carried out by MDH S.A.C. of Lima, Peru. The drill being used is a Longyear 38 which is expected to be able to core to [...]

Protesters blocked streets in two bauxite industry towns in Guinea on Monday, accusing authorities in the West African state of failing to use funds to improve roads and living conditions, witnesses said.
The demonstrators, many of them women, used tyres, blocks of wood and pieces of iron to erect barricades in Fria and Kamsar, where some [...]

TORONTO - Leonard Allen, who runs a small solar-panel company here, finally has something good to tell callers, he says. For the first time, he can promise it won’t take 50 years to recoup the money they spend on a rooftop solar system.
Canada’s Ontario province has ordered local utility companies to pay homeowners or businesses [...]

Hyundai Steel Co. , South Korea’s second-largest steelmaker, signed an agreement to buy iron ore and coal from Cia. Vale do Rio Doce and Rio Tinto Group as it begins construction today on a $5.5 billion expansion.
The steelmaker may buy as much as 5 million metric tons of iron ore a year from both Brazil’s [...]

Japan, dependent on imports for 99 percent of its oil and gas, may turn to Iraq and Indonesia after it lost control of Iran’s biggest untapped field.
Prime Minister Shinzo Abe’s government promised this week to invest in Iraq’s shattered energy industry in the hope that Japan will be able to tap the world’s third-largest [...]

Chinese conglomerate CITIC Group has agreed to pay 1.9 billion dollars for Canada-based Nations Energy’s oil assets in Kazakhstan, the companies said.
State-controlled China International Trust and Investment Corp has so far only had limited exposure to the oil business, but the Kazakhstan foray could potentially prove a lucrative deal for the sprawling group, observers said.
“It’s [...]

Allis-Chalmers Energy Inc. announced that it has entered into a definitive agreement to purchase substantially all the assets of Oil & Gas Rental Services, Inc., a Louisiana based corporation that provides rental tools to both offshore and onshore exploration and production companies. The consideration for the acquisition of the assets will consist of cash [...]

Company Commences Drilling Program in Fayetteville Shale Gas Project
Triangle Petroleum Corporation is pleased to announce the following development in its wholly owned subsidiary, Triangle USA Petroleum Corporation (”Triangle USA”).
Triangle USA is pleased to announce the commencement of drilling operations on its Fayetteville Shale program located in Arkansas. This first well has resulted from a pooling [...]

VendTek Systems, a leading provider of software for prepaid service distribution, announced that its wholly owned subsidiary Now Prepay Corp. has entered into a new agreement with Canadian Tire Petroleum to implement Point-of-Sale activation terminals and new software to allow for activation of long distance cards by swiping them through the POS terminals.
Now Prepay will [...]

Wind energy is expected to contribute more than C$1 billion ($890 million) to Canada’s gross domestic product in 2006, up from C$736 million in 2005, an industry spokesman said on Tuesday.
“(Last year) was a record year for the wind industry. There was added capacity, and 2006 is going to be another record year,” Canadian Wind [...]