Northern Oil and Gas, Inc. reported a first quarter 2008 net loss of $187,000 or $0.01 per common share. Complete details of the company’s financial performance in the first quarter can be found its Form 10-Q which has been filed with the U.S. Securities and Exchange Commission.
Michael Reger, Chief Executive Officer of Northern said, “Northern [...]
A three-judge panel of the 10th U.S. Circuit Court of Appeals must decide whether an area of western New Mexico proposed for uranium mining should be treated as Indian land.
Hydro Resources Inc., a New Mexico company, is challenging last year’s decision by the U.S. Environmental Protection Agency that an area where the company wants to [...]
A judge has refused to stop construction of a crude-oil pipeline that would be built by TransCanada Corp. through eastern North Dakota, saying state regulators took adequate safety precautions in deciding its route.
North Dakota’s Public Service Commission did a thorough factual and legal review of its order allowing construction of the Keystone pipeline, district [...]
The Senate voted to temporarily halt the shipment of thousands of barrels of oil a day into the government’s Strategic Petroleum Reserve.
Both Democrats and Republicans said the shipments make no sense when oil costs over $120 a barrel and could better be used to add supplies to a tight market and help keep prices down.
“We [...]
Khan Resources Inc. announced that it will make an offer to acquire all of the outstanding common shares of Western Prospector Group Ltd. (CDNX:WNP.V - News) in order to consolidate its position in the Saddle Hills district of Mongolia and achieve significant synergies from the joint development of Khan Resources’ Dornod uranium deposit and [...]
East West Resource Corporation is please to announce that a 3000 metre core drilling program to test as many as 27 targets has commenced on their Marshall Lake Property. 15 drill targets were selected from airborne electromagnetic (VTEM) anomalies generated in the fall of 2007. The remaining targets are Induced Polarization (IP) anomalies in [...]
In the impoverished Ferghana Valley in Kyrgyzstan, illegal coal mining is a dirty, dangerous part of the underground economy.
After the huge Soviet mines in the region closed in the 1990s, jobless men and boys started their own small operations, using picks and shovels to claw coal out of the mountains. Some are as young as [...]
Indonesia has denied that it will set a quota for coal exports as it wants to reserve the coal for future use.
The reports had prompted rising interest in the country’s natural resources from energy-hungry China and India.
The reports were baseless and the new mining law likely to be passed by Parliament by June would in [...]
A Federal Appeals Court today vacated a lower court’s decisions that invalidated mining permits in the Lake Belt area of Northwest Miami-Dade County and shut down limestone mining operations in approximately one-third of that area. The appellate court concluded that the lower court rulings of March 22, 2006 and July 13, 2007 were wrongly decided [...]
Several major oil companies agreed to a multimillion dollar deal to settle lawsuits surrounding their use of the gasoline additive MTBE, a potential carcinogen that has been found in drinking water.
Companies including BP PLC’s BP America Inc., Chevron Corp., ConocoPhillips, Royal Dutch Shell PLC’s Shell Oil Co., Marathon Oil Corp. and Valero Energy Corp. agreed [...]
