a fast-growing E&P company with reserves and production from leases located in northern Louisiana, Southern Star Energy Inc, published a report saying that it closed on a $25 million Senior First Lien Secured Revolving Credit Agreement (Revolver) with Macquarie Bank Limited. Proceeds from this facility will be used to fund the development of Southern Star’s [...]

Nabors Industries Ltd, An Oil and gas driller, announced that one of its subsidiaries has priced a $750 million, 10-year offering. The company said that Nabors Industries Inc.’s offering of senior notes, due 2018, will have a 6.15 percent interest rate. The offering is an additional issuance of the same notes that were issued in [...]

Nevada Corporation and an independent oil and gas company, Bonanza Oil and Gas, Inc, provides us with an update on its Apclark project located in Borden County, TX. President and CEO, Bill Wiseman, Said that The Company is very pleased with the performance and promptness of the drilling and preparedness of the drilling contractor and [...]

Petroleum companies are facing the hardest time with its biggest two-day drop in 17 years. Crude oil fell over $4 a barrel on Wednesday. A surprise increase as the government announced and showed the data, especially in The U.S. James Williams, an economist at energy research firm WTRG Economics, said that If there is [...]

Homeland Energy Group Ltd. is pleased to announce first coal production from its Kendal Mine in the Witbank area of South Africa, approximately 50km east of Johannesburg. To date, approximately 8,000 tonnes of coal has been mined from the first of three open pit areas. Processing of the coal through the Company’s Parnaby wash plant [...]

Cleveland-Cliffs Inc and Alpha Natural Resources, Inc. announced that each company’s Board of Directors has approved a definitive merger agreement under which Cleveland-Cliffs will acquire all outstanding shares of Alpha in a cash and stock transaction valued at approximately $10 billion.
Under the terms of the agreement, for each share of Alpha common stock, Alpha [...]

Uranium Energy Corp raised $15.3 million in its latest stock offering. Uranium Exploration and development in the Southwestern United States says it’s completed the sale of 6.4 million shares at $2.40 each. Share prices were hovering around $2.45 late Tuesday. In the past year the stock price has ranged from $1.80 to $4.82.
Uranium Energy says [...]

Most investors have focus on mining sectors like oil, coal and steel price. Copper which is so far hasn’t been able to attract investors’ attention recently started to steal some investors’ attention with its better price in the market. copper prices have quietly hung in and held the breakout in the weekly chart. The persistent [...]

Ben Bernake, Federal Reserve Chairman, stated that the U.S. economy is facing “significant” risks to growth, while the Organization of Petroleum Exporting Countries lowered its forecast for world oil-demand growth for 2008 and 2009. in apart chances John Kilduff, an analyst at futures brokerage MF Global, said “Signs of economic contraction and financial-market malaise are [...]

After the Federal Reserve chairman sounded bleak notes on the U.S. economy, and world supplies loosened a bit, Crude-oil futures sank more than $6 a barrel Tuesday. After the U.S. opened its Strategic Petroleum Reserve at the onset of the first Gulf War.Light, sweet crude for August delivery settled down $6.44, or 4.4%, at $138.74 [...]