Galway Resources Ltd. announce that it has entered into an option agreement with Rio Tinto Mining and Exploration Corporation (Rio Tinto) to acquire 100% interest in nine coal concessions totaling 7,500 hectares, roughly 50% of the previously drilled San Louis Coal basin located in Santander, Colombia. The project will be known as Carboluis.
“We are pleased [...]
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 [...]
Shares of Consol Energy Inc has recently been reported falling sharply Thursday after the coal mine operator said its second-quarter profit dipped 34 percent as productivity problems pushed up costs.
Pittsburgh-based Consol said it earned $101 million, or 54 cents per share, in the quarter. Consol earned $153.1 million, or 83 cents per share, in the [...]
Natural gas producer CNX Gas Corp. has just published a report saying that profit soared 55 percent in the second quarter on record production, but results came in below Wall Street estimates.
CNX, which extracts methane gas from coal beds in the Appalachian Basin, said it made $64.3 million, or 42 cents per share, for the [...]
Ensco International Inc. is reported to have posted a report saying that a 17 percent jump in second-quarter profit and a surge in revenue, beating Wall Street expectations. For the period ended June 30, the contract driller posted profit of $296.7 million, or $2.07 per share, compared with profit of $254.4 million, or $1.72 per [...]
Sentry Petroleum Ltd., a U.S. independent oil and gas exploration company, today announced that it has retained PAN Consultants Ltd., a New York-based investor relations firm, to serve as its investor relations counsel.
“Sentry has embarked on an ambitious oil and gas acquisition program in the commercially proven Adavale Basin in Queensland Australia, having assembled over [...]
Some lawmakers on Capitol Hill say investors have a role in rising oil prices, pointing out that speculation in crude futures has nearly doubled since 2000.
Pension funds, Wall Street banks and other large investors that have no intention of taking delivery of fuel have increasingly pumped money into contracts for oil and other commodities as [...]
Shares of Evergreen Solar Inc. shot up after the solar panel producer signed two long-term sales contracts.
Evergreen rose $2.06, or 20.1 percent, to close at $12.30.
Lehman Brothers analyst Vishal Shah raised his target price on the stock and predicted his Wall Street colleagues will soon raise their earnings forecasts for the company as well. That [...]
Analysts disagree on how much Murphy Oil Corp. stands to gain from its stake in a deepwater offshore Malaysian oilfield, with Goldman Sachs giving a strong recommendation and JPMorgan downgrading the stock.
Murphy owns an 80 percent stake in the Kikeh field, where it began drawing oil in August 2007. The company shares production with Malaysia’s [...]
China Shen Zhou Mining & Resources, Inc. (American Stock Exchange: SHZ; “China Shen Zhou”, or “the Company”), a leading company engaged in the exploration, development, mining and processing of fluorite, zinc, lead, copper, and other nonferrous metals in China, today announced that Ms. Jessica Yu, China Shen Zhou’s Chairwoman and CEO, will ring the American [...]
