Whitewater Mining Corporation, a junior exploration company who is acquiring and developing mining concessions in Latin America, has just signed a Letter of Intent for a 10,000 hectare thermic coal mining concession in Valledupar, Cesar in Colombia. The concession in an area with large bituminous coal reserves of excellent quality. Its preliminary evaluation has also [...]

Kentucky USA Energy, Inc., an early stage natural gas exploration and production company, announced today that the Company reached total depth (“TD”) of 2,431 feet on Hunter Wells #1. After logging the well, the log confirms that the shale formation encountered in this well is comparable to that of the wells evaluated in the Company’s [...]

Avista Corp. has closed on a $200 million, 364-day line of credit, which expires on Nov. 24, 2009. The credit facility is with a group of banks, including Union Bank of California, N.A., as administrative agent, Wells Fargo Bank, National Association, as syndication agent and JP Morgan Chase Bank, N.A., as documentation agent.
“We are very [...]

Terra Energy & Resource Technologies, Inc., an energy and natural resource exploration services technology company, announces that it has been awarded a $2.4 million service contract. According to the contract signed with NURMUNAI PETROGAZ, LLC, a Kazakhstan firm, the Company is to apply its proprietary STeP® and Adsorbed Gas-geochemical Survey (AGS) technologies in prospecting for [...]

EnDevCo, Inc., the Energy Development Company, announce that it has engaged one of the nation’s leading investment banking firms to assist the Company in securing capital to finance substantial near term production and income growth. The firm has completed its due diligence, prepared a private placement memorandum and is currently in the market seeking financing [...]

Jura Energy Corporation announced today that the Kandra 4D exploration has been drilled to a total depth of 2229 m. The well targets three potential hydrocarbon-bearing zones, the Sui Main Limestone (600-750 m), the Lower Goru (1700-2000 m), and the Chiltan Limestone (2150-2250 m).
Natural gas shows were encountered during initial testing of the Chiltan Limestone [...]

Chevron Corporation announced that its wholly owned subsidiary, PT. Chevron Pacific Indonesia, has started producing crude oil from the North Duri Field Area 12 in Indonesia, where Chevron produces nearly half the nation’s crude oil.
First oil was achieved on Nov. 14, 2008, and production is projected to increase to 34,000 barrels of crude oil per [...]

Ecosphere Technologies, Inc., a diversified water engineering and services company, announces today it has signed a water recycling services contract with Newfield Exploration Mid-Continent. Newfield Exploration is an independent crude oil and natural gas exploration and production company and a subsidiary of Newfield Exploration Co. Ecosphere and Newfield had previously entered into a three month [...]

Occidental Petroleum Corporation and Mubadala Development Company of Abu Dhabi (Mubadala) announced the signing of an Exploration and Production Sharing Agreement with the Ministry of Oil and Gas in the Sultanate of Oman. Under the terms of the EPSA, the parties will develop four existing gas fields and explore for potential new discoveries in a [...]

Delek US Holdings, Inc., a diversified energy company with assets in the petroleum refining, marketing and retail industries, today confirmed that there has been one fatality resulting from a fire which occurred at the Company’s 60,000-barrel-per-day Tyler, Texas refinery on Nov. 20.
“We are deeply saddened by the loss of our friend and colleague. Our thoughts [...]