Mr. Marc Dame, President and CEO of Goldnev Resources Inc., announces that it has completed drilling a total of four of its planned ten core hole exploration and development drilling program on its oil shale permits in Pasquia Hills, Saskatchewan. The remaining six core holes subject to weather conditions are expected to be completed in [...]
Earth Search Sciences, Inc., announced the acquisition of General Synfuels International, Inc. (GSI) and its patented technology to recover hydrocarbons through an environmentally-conscientious gasification process.
GSI has agreed to the buyout involving an undisclosed amount of cash and shares. The acquisition enables key Earth Search subsidiary, Petro Probe, Inc., to establish a joint venture and commercial [...]
Utah’s Republican senators say Congress is set to extend a moratorium on commercial oil-shale development on federal land for another year.
Sens. Orrin Hatch and Bob Bennett want to let the moratorium expire at the end of September and let companies develop shale as an alternative fuel.
Hatch and Bennett said deposits in Colorado, Utah and Wyoming [...]
Uranium Oil and Gas announced that it has applied for four exploration permits in the McArthur Basin region in the Northern Territory, a Proterozoic area which has shown significant potential for oil shale and conventional hydrocarbon resources. RPS Energy, an acknowledged Oil & Gas industry consultancy firm, has identified 32 separate areas within these three [...]
An oil tax increase this summer is unlikely to slow drilling in western North Dakota’s promising Bakken oil shale, which is leading the state toward an oil production record, industry officials say.
Prices that have soared above $120 a barrel will make the tax increase easier to tolerate, said Jeff Herman, of [...]
The federal government gave its approval Monday for the reopening of an oil-shale mine in Utah, one of the experimental works intended to boost domestic oil production on Western lands.
A top-ranking Interior Department official signed off on the project, and officials said an Alabama-based partnership, Oil Shale Exploration Co., would be offered a lease to [...]
CanWest Petroleum Corporation’s Vice President of Corporate & Strategic Development, Patricia A. Beatch, gave the key note luncheon address at the “Managing Through Change” symposium held by the Saskatchewan Economic Developers Association (SEDA) on Thursday, October 19, 2006, in Prince Albert, Saskatchewan. CanWest Petroleum and its subsidiary, Oilsands Quest Inc., were invited to talk about [...]
The president of Shell Oil, in Miami for a speech, says it’s time to embrace new energy sources.
In the wake of last year’s hurricanes, the United States narrowly averted a major disruption to its fuel supply on a scale “inconceivable in recent memory,†says Shell Oil Co. president John Hofmeister.
A year later, Hofmeister says he [...]
PetroChina , China’s top oil and gas firm, has set up a unit to develop alternative fuels to secure new energy sources amid high crude oil prices and dwindling domestic reserves, company officials said on Friday.
An office of 10 people under PetroChina’s exploration and production arm would focus on coalbed methane, oil shale and biofuels, [...]
Continental Precious Minerals Inc. is pleased to announce that the Inspectorate of Mines in Sweden has issued to Continental an additional 7 mineral exploration licences and that drilling on the Viken licence has commenced.
Acquisition of Additional Licences
The Company’s newly acquired licences are multi-metal sediment licences and are referred to by the Company as MMS (Narke) [...]
