Storm Cat Energy Corporation provided an update of its operations in the Company’s Arkansas Fayetteville Shale acreage.
The first three of the Company’s 2008 Fayetteville development program wells are now on production and tied into sales, two of which have undergone State of Arkansas Form 13 testing. Each well continues to produce significant volumes of fracturing [...]
ArcelorMittal today announces that it has increased its stake in Macarthur Coal Limited (ASX: MCC - News) from 14.9% to 19.9%, following the acquisition of a further 5 % stake (10,607,830 shares) from Talbot Group Holdings.
The shares were purchased at $ AUD 20, bringing ArcelorMittal’s total investment in Macarthur Coal to $ AUD 843 million. [...]
Blue Energy announced that following positive results at Azure #1 it will continue its exploration drilling program in ATP 817P located approx 55km north west of Injune QLD. Following cased hole geophysical logging operations at Azure #1, the Company has confirmed 4.9m of continuous coal pay thickness previously estimated from geological reports during drilling of [...]
The coal industry is so hungry for workers that at least some coal companies are snatching up coal mining engineering students before they make it through four years of college.
“Our mining engineering technology only has about 10 students in the entire program right now,” Roger Owensby said. “Some students start out in the program, but [...]
South African Reserve Bank governor Tito Mboweni said the price of oil is unlikely to drop any time soon, hampering efforts to contain inflation and adding to pressure for higher interest rates.
“On the inflation picture, what is of serious concern is that it doesn’t seem like oil prices are going to be of assistance to [...]
The city said no to buying electricity from a new coal-fired plant, drawing applause and criticism on an issue that pits future energy needs against the environment.
“We won’t be heard on the world front, but we’ll make a statement and somebody somewhere will hear it,” said Municipal Council Chairman [...]
Duke Energy Corp. may build only one 800-megawatt coal-fired generator at its aging facility in western North Carolina, not the two the utility has sought for nearly two years, the state Utilities Commission ruled Wednesday.
The Charlotte-based company said it needed the generators to meet increasing consumer demand.
Environmentalists argued Duke had failed to consider cleaner power-generating [...]
Westar Energy knew its coal-fired plant was in trouble.
The Kansas company wanted to build a $1 billion, 800-megawatt power plant, but construction costs kept rising as global demand for steel and other materials skyrocketed. Soon $1 billion became at least $1.4 billion — costs ultimately passed to consumers.
Faced with sobering numbers, the utility in January [...]
Caterpillar Inc., the world’s largest maker of heavy construction equipment, said Friday its fourth-quarter profit rose 4 percent as higher operating costs partially offset strong sales.
But its shares rose more than 2 percent in premarket trading as the company forecast strong 2007 results.
Net income grew to $882 million, or $1.32 per share, up from $846 [...]
Caterpillar Inc., the world’s largest maker of earthmoving equipment, said fourth-quarter profit rose 4.3 percent on increased demand for machinery overseas.
Net income climbed to $882 million, or $1.32 a share, from $846 million, or $1.20, a year earlier. Sales gained 14 percent to $11 billion, the Peoria, Illinois-based company said today in a statement.
Demand from [...]
