Quest Resource Corporation announced today that it has commenced, subject to market conditions, an underwritten public offering of approximately 8.4 million shares of its common stock, par value $0.001 per share. Quest also intends to grant the underwriters a 30-day option to purchase up to approximately 1.26 million additional shares to satisfy any over-allotments.
Quest intends [...]

Oil prices rose after Saudi Arabia’s modest production increase failed to push traders to sell.
Light, sweet crude for August delivery rose $1.38 to settle at $136.74 a barrel on the New York Mercantile Exchange.
Retail gas prices inched lower overnight but appear unlikely to change much as long as oil prices remain stuck in their recent [...]

International companies have been asked to bid for a tender to extract coal in parts of Kitui and Mwingi districts.
The Ministry of Energy asked interested firms to bid for the last phase of the exploration in the Mui basin as part of efforts to determine the commercial viability of the reserves. This comes in the [...]

Austral Pacific Energy Ltd. announces that it has reached agreement with a number of arms-length accredited investors to privately place up to 14 million equity units at US$0.50 each with each unit comprised of a common share and a 15 month half-warrant, each full warrant being exercisable at US$1.00 per common share. $5.61 million of [...]

Dejour Energy (Alberta) Ltd. is in its third month of production from its first four well gas wells in Peace River Arch NE British Columbia. Work continues on the production tie in of six additional wells completed during last winter’s drilling activities. Plans for additional development during the 2008/09 winter season are well advanced.
Dejour announces [...]

Cabot Oil & Gas Corporation announced that it has priced a public offering of 4,350,000 shares of its common stock at price to the public of $65.27 per share. The size of the offering represents an increase over the 3,600,000 shares that the Company had previously announced. Proceeds of the offering are expected to [...]

Cardero Resource Corp. (”Cardero” or the “Company”) (Toronto:CDU.TO)(AMEX:CDY)(Frankfurt:CR5.F) is pleased to announce that, as part of the Company’s strategy to focus on its pre-eminent Pampa De Pongo and Pampa el Toro Iron Ore deposits in the Marcona District of Peru, it has signed a letter of intent dated June 12, 2008 (”LOI”) with Ethos Capital [...]

Oil futures rebounded on concerns about the Middle East and growing doubt that China’s government will be able to curb the country’s appetite for fuel by pushing prices higher.
Light, sweet crude for July delivery rose $2.69 to settle at $134.62 a barrel on the New York Mercantile Exchange, recovering some of the $4.75 that the [...]

The Energy Department’s Energy Information Administration said in its weekly report that natural gas inventories in the lower 48 states rose by 57 billion cubic feet to over 1.94 trillion cubic feet for the week ending June 13.
The inventory level was slightly below the five-year average of about 2 trillion cubic feet and well below [...]

Oil prices dropped sharply after China said it will raise fuel prices, a move that could dampen its booming oil consumption.
Crude-oil prices also were given a downward push by the Iraqi Oil Ministry’s announcement that it is close to signing oil service deals with several major Western oil companies in an effort to boost crude [...]