Brownstone Ventures Inc. and its joint venture partner, Dejour Enterprises Ltd. announced they have signed a joint venture agreement with Laramie Energy II LLC, a privately funded Exploration and Production Company with corporate offices in Denver Colorado. The joint venture involves approximately 22,000 gross acres (6,300 net to Brownstone) in an area at the northwest [...]
Ritchie Bros. Auctioneers, the world’s largest auctioneer of industrial equipment, attracted thousands of bidders to seven unreserved public auctions in four countries last week - including its first ever auction in Poland. The successful multi-million dollar equipment auction in Katowice, Poland on November 14, 2008 attracted hundreds of on-site and online bidders from 26 countries. [...]
AVEVA, the leading supplier of engineering IT systems for the plant and marine industries, today announced further expansion into Latin America with the opening of AVEVA do Brasil in Rio de Janeiro. This office, the latest in AVEVA’s expanding global platform, will provide premium product solutions and support for its growing customer base in Brazil, [...]
Laredo Petroleum, a rapidly growing independent oil and gas company with headquarters in Tulsa, Oklahoma, today announced that it has closed a second round of equity financing of up to $300 million with Warburg Pincus LLC, the global private equity firm, along with Laredo Petroleum’s senior management team. Funding of this line of equity will [...]
Homeland Energy Group Ltd., announces that GMR of India has elected not to exercise the third of three options to purchase 40% of Homeland Mining & Energy, South Africa for US$135 million. Homeland intends to repurchase GMR’s current 10% ownership in accordance with the terms of the option agreement, a value of US$30 million.
With this [...]
WGI Heavy Minerals, Incorporated announced that its board of directors has approved a special cash distribution to shareholders in the amount of US$0.80 per share. This special distribution represents a return to the shareholders of up to US$19.5 million (including distributions on shares anticipated to be issued upon the exercise of restricted stock units or [...]
Energy Solutions International, Inc., a world-leading supplier of software solutions that optimize operational and commercial performance of oil and gas pipelines, announced that PEMEX Gas y Petroquimica Basica (PGPB) selected PipelineManager® software for comprehensive management of its 12,000 kilometers of natural gas, liquid petroleum gas and petrochemical pipelines. PGPB is one of four divisions of [...]
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 [...]
Research and Markets has announced the addition of the “Asia-Pacific Oil & Gas Sectors : A Company and Industry Analysis (August 2008)” report to their offering.
This report updates the previous Asia-Pacific oil and gas report, focusing on the markets in Australia, China, India, Indonesia, Japan and South Korea
Current Environment - Key Points
- Crude oil prices [...]
Russell Industries, Inc., recently the Company has been asked by the general investor public, “Why should I invest in Uranium”? To follow are a few of the reasons as published in Money Week, October 7, 2007.
“Security concerns over global oil supply and fears of global warming have shifted public opinion,” say analysts at Canada’s Haywood [...]
