Marking a new era of partnership in oil development in the province, the Honourable Danny Williams, Premier of Newfoundland and Labrador, and the province’s oil industry co-venturers today announced and signed the final deal for the development of the province’s fourth offshore oil project, Hebron. The Premier was joined by: the Honourable Kathy Dunderdale, Minister [...]

Franklin Mining, Inc. Chairman and President William A. Petty is pleased to announce the signing of a Letter of Intent to construct a gas to liquid processing plant capable of producing 20,000 barrels per day of diesel fuel, kerosene and other petroleum products.
Miguel Angel Ferro, President and Director of FOMICRUZ, SE, and Daniel Roman Banks, [...]

Tiomin Resources Inc. is pleased to announce that it has signed a Memorandum of Understanding (’MOU’) with Jinchuan Group Limited (’Jinchuan’) of the People’s Republic of China for Jinchuan to invest US$25 million directly into Tiomin Kenya Limited (’TKL’), a wholly owned subsidiary of Tiomin that owns 100% of the Kwale Mineral Sands Project (”Kwale” [...]

A Saskatchewan mineral exploration company and Japan’s government-owned natural resource corporation are teaming up to look for uranium in the Athabasca River basin.
Under the terms of an agreement signed Friday, Japan Oil, Gas and Metals National Corp. will invest $9 million in exploration projects managed by Saskatoon-based Titan Uranium Inc. (TSXV:TUE) over the next three [...]

China’s largest nickel producer, Jinchuan Group Ltd, has taken a 11 per cent equity stake in Perth-headquartered nickel explorer and producer Fox Resources Ltd.
The news sent Fox shares north, up 15 cents, or 30.93 per cent, to 63.5 cents at 1229 AEDT on Monday.
Jinchuan secured statutory approvals from the Chinese Government and the Provincial Government [...]

THE world’s largest untapped oil reserves - in the Canadian Arctic - have become the new front line in the battle between environmentalists and the energy industry.
Shell, a self-styled “green” energy company, is to invest billions of dollars in exploiting the Athabasca tar sands.
Environmentalists say the tar sands are the world’s dirtiest oil deposits and [...]

India says it has plans to auction 38 coal blocks with a reserve of 6086.67 million tons to the power, steel, iron and cement sectors in 2007.
“The coal reserves of 38 blocks to be allocated for captive mining through the screening committee route is estimated to be 6086.67 million tons,” India’s Junior Coal Minister Dasari [...]

SEATTLE - The Bush administration has objected to a proposed open-pit coal mine in Canada near the Montana border, citing the potential for irreversible environmental damage to Glacier National Park, pristine trout streams and the largest natural lake in the West.
The objection — in a Feb. 23 letter from the State Department to the provincial [...]

China National Petroleum Corp, the country’s largest oil and gas producer, plans to set up a joint venture with Yanchang Petroleum Group to explore for oil in northwestern Shaanxi province, the official Xinhua news agency reported.
Li Xiaodong, director of the Shaanxi Development and Reform Commission, was quoted as saying that the two parties each plans [...]

The governor of China’s coal-rich Shanxi province has made a rare public apology for a rash of coal mine disasters last year and vowed to address the problem, according to state media reports.
“As the leader of the provincial government, I shall take the responsibility for the failure and I feel deep remorse,” Yu was quoted [...]