Multi-Shot, LLC and Denham Capital announced that Denham will make a majority equity investment of $165 million in Multi-Shot, a leading independent provider of directional drilling services in the North American oilfield services industry.
Multi-Shot, headquartered in Conroe, Texas, is an independent directional drilling services company. The Company operates throughout the continental United States. It has [...]

Aluminum and energy group Norsk Hydro ASA told the press that its profit dropped 87 percent in the second quarter on falling sales and higher costs.Net profit was 786 million kroner ($155 million), down from 5.95 billion kroner in the same quarter last year.
Sales dropped 4 percent to 23.98 billion kroner ($4.72 billion) from 25.04 [...]

Homeland Energy Group Ltd. is pleased to announce first coal production from its Kendal Mine in the Witbank area of South Africa, approximately 50km east of Johannesburg. To date, approximately 8,000 tonnes of coal has been mined from the first of three open pit areas. Processing of the coal through the Company’s Parnaby wash plant [...]

An independent reserve report data quantifying its holdings in Kentucky and Tennessee for net oil and gas reserved revealed by Platina Energy group, Inc. In such quite short report it is said that the specific net recoverable quantities are 1.85 million barrels of oil and 24BCF of natural gas. At present pricing, this represents [...]

Pluris Energy Group Inc. is pleased to announce that on July 4, 2008, the Company’s wholly owned Argentine subsidiary, Pluris Sarmiento Petroleo SA executed a definitive Purchase and Sale Agreement (the “Agreement”) with Clear S.R.L. of Comodoro Rivadavia, Argentina (”Clear”) to purchase a 75% operating interest in the Cerro Negro concession, Chubut Province, Argentina.
The Agreement [...]

Platina Energy Group, Inc. reports daily natural gas production increase of 200mcf for the week ending June 29, 2008. Estimated net oil production for the same week was 100-200 barrels.
According to Blair Merriam, President of Platina, “These are not static production numbers as they can vary depending on many factors. In response to a rash [...]

French energy group Suez said on Friday that it had ended talks with British Energy about buying the partly-privatised group, adding that its priority was merging with state gas group GDF.
“As previously indicated, the completion of the merger with Gaz de France remains Suez’s key priority,” said a statement released to the London Stock Exchange.
“Accordingly, [...]

The biggest German power company, EON, plans to sell its high-voltage network in anticipation of new European Union rules, press reports said on Thursday.
Plans to split off distribution networks worth more than one billion euros (1.5 billion dollars) were “well advanced” and EON chief executive Wulf Bernotat had already informed German Chancellor Angela Merkel, the [...]

French nuclear energy group Areva on Friday launched an agreed takeover for UraMin, valuing the London-listed Canadian uranium miner at more than 2.5 billion dollars (1.9 billion euros).
“Areva and UraMin Inc. today entered into an agreement in respect of Areva’s friendly cash offer for 100 percent of the share capital of UraMin,” the pair said [...]

Italian energy group Eni said Monday it had acquired the oil production operations in the Gulf of Mexico of the US firm Dominion Resources for 4.757 billion euros (6.5 billion dollars).
The assets acquired by Eni include production, development and exploration structures.
Eni said that with the acquisition its oilfield output should come to an average [...]