Arctic Oil & Gas Corp. (351 million shares issued), a petroleum exploration company, is pleased to announce that the Company and partners have proposed $2.50 gasoline, 30% discounted natural gas and hundreds of millions of dollars in royalties to Santa Barbara County from a proposed, (40% AOAG equity) Santa Barbara OCS-State petroleum lease development project, [...]
Hydrogen Energy International LLC, a joint venture of BP Alternative Energy and Rio Tinto, announced plans to file an AFC (Application for Certification) before the California Energy Commission on Thursday, July 31, 2008, for a proposed hydrogen fuel production facility and power plant in Kern County, California. The filing initiates a comprehensive regulatory review process [...]
Industries Inc. has completed its acquisition of the highly prospective Itigi Manyoni Uranium Property located in Tanzania. Airborne radiometric surveys have identified uranium anomalies indicating strong potential for significant uranium mineralization on VIPR’s project area.
Radiometric mapping of VIPR’s newly acquired 170 kilometer Itigi Manyoni Uranium Prospect has identified anomalies in multiple zones featuring high uranium [...]
CONSOL Energy Inc., the nation’s largest producer of bituminous coal, and Synthesis Energy Systems Inc., a global industrial gasification company, intend to develop through a joint venture their first U.S. coal gasification and liquefaction plant to be located in West Virginia. CONSOL (through its subsidiary Terra Firma Company) and SES have formed Northern Appalachia Fuel [...]
Italian gas company Eni signed new gas and oil contracts with Libya that run until 2047.
The six exploration and production sharing contracts with the Libyan state-owned National Oil Company will help Eni increase production in Libya and ensure greater energy security for Italy, Eni said in a statement.
The new oil contract expires in 2042 [...]
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 [...]
The U.S. Interior Department’s Gulf of Mexico oil and gas lease sales on Wednesday reaped a record $3.7 billion - the highest amount ever in a U.S. government lease sale - as oil prices hovered above $100 a barrel, the Minerals Management Service said.
Flush with cash from record crude prices, short on reserves replacement ratios [...]
Australia is the oil and the poor must intensify exploration in the context of efforts aimed at ensuring the country’s energy security, the federal Minister of Energy says Martin Ferguson.
There are hundreds of years, the value of coal and gas, but only one to two decades of known resources of oil and condensate, he said.
“The [...]
Thailand and Cambodia plan to set up Joint Development Areas (JDA) covering 26,000 square kilometres of overlapping border areas to facilitate the exploration of natural gas and crude oil, Foreign Minister Noppadon Pattama said yesterday. Mr Noppadon said the Thai and Cambodian foreign ministries will hold talks on the establishment of the JDA to [...]
Peabody Energy Corp. has pledged nearly one million tons of coal a year and up to $10 million in development funds to an Illinois plant planners say would become the nation’s first to commercially turn coal into liquid fuels for tomorrow’s big-rig trucks, buses, barges or jets.
St. Louis-based Peabody, as part of the deal announced [...]
