In response to tremendous growth opportunities in global natural resources business sector, Dubai World today announced the formation of a new business unit, Dubai Natural Resources World, designed to explore new long-term investment avenues, while contributing positively towards sustainable development.
Dubai Natural Resources World will drive the growth of the Group’s interests across the entire natural [...]
Global Resource Corp, a developer of a patent-pending microwave technology and machinery for extracting oil and gas, today announced that the Company successfully completed the testing of a commercial prototype of its microwave technology for economically converting hydrocarbons, into oil and gas, from a wide variety of sources. The Company said that as a result [...]
U.S. Energy Corp., a natural resources exploration and development company with interests in molybdenum, oil and gas and real estate today announced that PetroQuest Energy L.L.C. has spudded the Highlands Prospect in Louisiana.
U.S. Energy Corp. is participating in this well as a 20% working interest partner with PetroQuest. This initial well will be drilled to [...]
Bancroft Uranium Inc. announced its plans to move forward with a strategic portfolio diversification including the planned acquisition of new and exciting opportunities within conventional sectors of the energy market.
Further to this aim, Bancroft is currently finalizing terms towards the acquisition of several Canadian oil and gas plays that Management finds of significant interest. The [...]
Stealth Ventures Ltd. announce that its production is rapidly growing beyond its second quarter average of 236 BOE/D, primarily due to tie-in operations on its current 70 well program at Wildmere, Alberta. Since the inception of the play in early 2006 Stealth has progressed from a conceptual technology play to a commercial producing asset, and [...]
U.S. Energy Corp., a natural resources exploration and development company with interests in molybdenum, oil and gas, and real estate, today announced that its board of directors has approved an expanded stock buyback program. The original buyback program had a maximum limit of $5 million while the new buyback program has been expanded by $3 [...]
Saratoga Resources, Inc. announced that approximately 98% of its producing properties have resumed full production and product sales following Hurricane Ike. Saratoga previously announced, on September 17, 2008, that production on, and product sales from, select properties was not expected to resume for 7 to 10 days due to hurricane-related damage to third party processing [...]
T-3 Energy Services, Inc. provided an update on its Gulf Coast manufacturing and aftermarket service facilities following its initial impact assessment of Hurricanes Gustav and Ike. T-3 Energy’s Gulf Coast operations include eight out of its twenty-one operating facilities located throughout North America. These facilities were impacted both by power loss and personnel evacuations.
Taken together, [...]
Mooncor Oil & Gas Corp., update the Corporation’s shale gas activities in southwest Ontario, Saskatchewan, Alberta and British Columbia.
Southwest Ontario Shales
Mooncor has executed a farm-in agreement to participate in a non-operated well targeting a Silurian pinnacle reef formation located in Lambton County of southwestern Ontario The Silurian pinnacle reef anomaly has been identified by seismic, [...]
Donald Benson, Chairman and Chief Executive Officer of Nordic Oil and Gas Ltd., announced that the Company has brought two new wells on production at Lloydminster, Alberta, bringing the total to six now on production in the region. Average production last week for the six wells totalled 180 barrels of oil per day (BOPD), or [...]
