BP Exploration Alaska, Inc. has begun an orderly and phased shutdown of the Prudhoe Bay oil field following the discovery of unexpectedly severe corrosion and a small spill from a Prudhoe Bay oil transit line. Shutting down the field will take days to complete. Over time, these actions will reduce Alaska North Slope oil production [...]

For Evy Hambro, who manages the world’s biggest mining fund at Merrill Lynch & Co., small is profitable.
Hambro steered the $6.6 billion fund to the best performance this year among 270 peers tracked by Standard & Poor’s by increasing investments in small and mid-sized companies. Shares of Hambro’s top performers, Perilya Ltd. of Australia and [...]

Coal is in the running to overtake oil as the best-performing energy investment.
That, at least, is the emerging consensus from a range of speculators, investors and giant corporations including Wilbur Ross, the billionaire bankruptcy specialist; BHP Billiton, the world’s largest mining company; and Merrill Lynch, the U.S. securities firm.
Because “coal is the cheapest, most abundant [...]

Source Petroleum, Inc. (OTCBB:SOPO), a Canadian oil and gas exploration and development company, announced today that it has executed a definitive agreement for the acquisition of Source Projects, Inc., a privately held oil and gas company headquartered in Calgary, Alberta. The acquisition, which is anticipated to be completed before the end of August 2006, will [...]

Wentworth Energy, Inc. (OTCBB: WNWG) is pleased to announce that it has acquired 27,557 gross acres of oil and gas fee mineral rights in East Texas. The mineral package lies in east central Freestone County and west central Anderson County in the active East Texas Basin. The 27,557-acre mineral block was acquired from Roboco Energy [...]

Stornoway Diamond Corporation (”Stornoway”) (TSX:SWY.TO) is pleased to announce that it will make an offer to acquire all of the outstanding shares of Ashton Mining of Canada Ltd. (”Ashton”) (TSX:ACA.TO). Concurrent with the Ashton offer, Stornoway will also make an offer to acquire all of the outstanding shares of Contact Diamond Corporation (”Contact”) (TSX:CO.TO).
The successful [...]

HLV Trading, Inc. (PINK SHEETS: HLVC) today announced that the Company has purchased 33.3% interest petroleum and natural gas rights to another 640 acres of land in the “Foremost” Region bordered between Alberta and Montana.
HLVC is set to explore petroleum and natural gas reserves in this newly acquired property. This area is well known for [...]

Several of the world’s largest oil companies hope to tap into possible offshore oil and gas reserves as Greenland opened a new round of concessions last week for exploration licenses in the fragile Arctic region.
Eyes of an oil-thirsty world have turned to the shores of the semiautonomous Danish territory amid rising fuel prices, Mideast instability [...]

High and volatile prices will continue to scare physical gold buyers in most parts of the world, but some markets such as China and Japan will remain strong, bullion dealers said.
Analysts say a majority of buyers are still not ready to cope with the wide price fluctuations that lowered global demand in the past quarters, [...]

Like other mining companies, Vancouver-based Quadra Mining Ltd. has seen the value of its shares climb along with metal prices, with its stock gaining 87 per cent since the beginning of 2006.
So the company might have been expected to use its stock to go shopping in a market awash in cash-and-share negotiations.
Instead, Quadra this week [...]