MagMinerals Potash Corp, a subsidiary of MagIndustries report that on October 9-10th it engaged in two days of meetings organized by its debt funding financial adviser, BNP Paribas, to update a group of international lenders with respect to its planned Kouilou Potash mining and processing plant (the “Project”) in the Republic of Congo (”ROC”). The [...]

ATP Oil & Gas Corporation and its wholly owned subsidiary ATP Oil & Gas (UK) Limited announced that it has entered into a sale and purchase agreement for £265 million or approximately $430 million with EDF Production UK Limited (“EDF”), a subsidiary of EDF International of France, for certain of ATP’s UK assets in the [...]

Sterling Resources Ltd. announce that it has successfully completed testing of the East Breagh well located in the U.K. Southern North Sea Block 42/13. Sterling holds a 45% interest and is the operator of the block.
The well was tested from the upper zone perforations 7490 feet measured depth (md) to 7560 feet md at controlled [...]

Dresser-Rand Group Inc. announced that its Norwegian subsidiary will supply four power generation packages for a floating, production, storage and offloading (FPSO) vessel. This will be the first of up to four identical contracts, as part of BP’s Angola development program. The first contract’s sales are estimated at approximately $75 million.
“We are very pleased to [...]

Major oil companies have maintained their stronghold as the world’s most financially effective energy businesses, according to the 2008 Platts Top 250 Global Energy Company rankings announced here Monday evening. But the rankings also point to a performance resurgence by non-oil firms, such as electric utilities, and to the rising importance and influence of Asia-Pacific [...]

As previously announced, on July 3, 2008 USR Technology, Inc. entered into a letter of intent with the private French company Euroslot S.A.S. concerning the granting by Euroslot of a US$1,000,000 credit against the future supply of certain assets, called Snake Screen(TM), and an exclusive 20 year worldwide license, excluding France, Iran and Russia, to [...]

Worldwide industrial services company Harsco Corporation announced it has been awarded a new six-year contract valued at more than $17 million to provide steel upgrading and finishing services in France, continuing Harsco’s expanding role in providing on-site, value-adding service solutions to the global metals industry.
The award from Ascometal’s Fos sur Mer operations in the south [...]

Russell Industries, Inc., is actively seeking leasing and joint venture partners to work its 255 Unpatented Uranium and Vanadium Mining Claims located in San Juan County, Utah. “For the foreseeable future demand for uranium will grow far faster than the present world production. The successful nuclear power initiatives enjoyed by France and Japan are forcing [...]

Sterling Resources Ltd. report that operations on the Cladhan exploration well on Block 210/29a in the United Kingdom Northern North Sea have commenced, with the arrival of the Transocean 704 semi-submersible rig at the site. The well is targeting an Upper Jurassic prospect and is anticipated to take 35 days to drill. Sterling is the [...]

Technip and its subsidiary Angoflex Ltda. have been awarded two new major frame agreements by BP Exploration Ltd. for oilfield developments in Angola, covering:
* engineering, procurement and manufacture of flexible pipe,
* engineering, procurement and manufacture of umbilicals(1) and associated equipment.
These frame agreements are part of BP’s [...]