Bancroft Uranium Inc. announced its plans to move forward with a strategic portfolio diversification including the planned acquisition of new and exciting opportunities within conventional sectors of the energy market.
Further to this aim, Bancroft is currently finalizing terms towards the acquisition of several Canadian oil and gas plays that Management finds of significant interest. The [...]

“Today’s 5.4 percent crude oil price increase to $121.18 a barrel despite decreased demand and increased supply is a clear sign that speculators continue to dominate the commodities markets hurting our national economy,” said Lea Wilson, executive director of the Washington Oil Marketers Association (WOMA).
“There is absolutely no economic reason for prices to increase the [...]

Helix Energy Solutions will conduct a conference call regarding its financial and operational results for the second quarter of 2008 on Thursday, July 31, 2008 at 9:00 a.m. Central Time. A press release summarizing such results is planned for distribution on Wednesday, July 30, 2008 after the market closes.
For USA participants use 1-800-475-0212 and for [...]

Saudi Arabia’s oil minister says OPEC’s dominant producer has no immediate plans to boost crude output because there is no need to do so.
But Minister Ali Naimi said he was “concerned about the (price) level” and suggested Saudi Arabia is ready to raise production if the kingdom perceives that basics had changed, with supply no [...]

As oil set a new record, top industry executives and a senior European government official urged the world to pull together in the face of skyrocketing energy prices, while acknowledging that costly crude is here to stay for years.
The comments to the World Petroleum Congress In Madrid, Spain, by the EU Energy Commissioner and the [...]

Northwest Pipe Company announced today its single largest order for its energy products. The Company received a $10.6 million order from a Houston-based distributor focused on serving the oil and gas industry. Approximately two thirds of the order will be put into use as gas gathering pipe in domestic gas fields. The final third will [...]

Tesoro Corp. will reevaluate its hedging strategies in light of energy market volatility and expects second-quarter earnings to be $125 million lower as a result.
In addition, the refiner estimated per-barrel operating expenses will increase by 30 to 50 cents because of higher energy costs.
Tesoro said it typically hedged less than twenty percent of its crude [...]

OAO Severstal, one of the world’s leading metals and mining companies, today announced that it has reached a binding agreement to purchase WCI Steel, a market leader in the production of value-added steel products based in Warren, Ohio.
According to the terms of the agreement, Severstal will acquire all outstanding equity of WCI for a total [...]

Platts, one of the world’s foremost providers of energy and metals information, today announced it is expanding its suite of spot price assessments in global metals to include steel exported from China, specifically hot-rolled coil (HRC) and concrete reinforcing bar (rebar).
“We’re pleased we can answer the steel industry’s call for a reliable source of timely, [...]

Paris-based International Energy Agency has put coal in the future energy mix.
Due to strong demand, record oil and gas prices, concerns over energy security and a reluctance to fully bring back nuclear energy, coal has seen a resurgence in the European energy market.
It’s a trend that has been seen in the United States and Asia [...]