Lithium Corporation to start lithium mining exploration projects in Nevada Lake Valley. Lithium Corporation is a company responsible for exploration activities and development of lithium mines Lake Valley. The Company continues to search for lithium mine in Nevada. Read More….
Natural gas demonstrated again how much it has split from the direction of crude, as prices spiked more than 13 percent despite an enormous glut in supply.
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State-run explorer Oil India raised $570 million by pricing its heavily oversubscribed IPO at the top of its indicated range, and analysts expect a stronger performance than two recent major listings that made muted debuts.
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Chevron Corp. on Monday committed to building Australia’s biggest natural resource project, a $37 billion facility that will pump natural gas from the ocean floor, cool it into a liquid and ship it to the hungry economies of East Asia.
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Russia is surpassing Saudi Arabia in oil exports for the first time since the Soviet Union’s collapse as Prime Minister Vladimir V. Putin exploits OPEC production cuts to gain market share.
Exports of crude oil and refined products from Russia rose to 7.4 million barrels a day in the second quarter, from 7.25 million in the first quarter, according to Energy Ministry data. Saudi shipments fell to about 7 million barrels a day, from 7.39 million, according to International Energy Agency estimates of output and domestic demand. Read More…
Waste Management Inc expects a recent decline in natural gas prices to weigh on its third-quarter, per-share earnings by about 4 cents per diluted share, the top U.S. trash hauler said in an investor presentation posted on its Web site.
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StatoilHydro ASA, the world’s largest offshore oil and gas operator, said there’s a risk oil prices will decline amid concern the economy will re-enter recession, prompting OPEC to maintain quotas this week.
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Canada’s Epsilon Energy Ltd said it is curtailing its natural gas production by nearly 45 percent due to lower prices.
The oil and gas company said it is cutting down on natural gas production from about 3.8 million cubic feet per day (Mmcf/d) to about 2.1 Mmcf/d.
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Trade relationship between Australia and China had experienced tension, because the case of disclosure of state secrets by Rio Tinto staff in the process of negotiating the sale of iron ore contract prices. But the tension between the two countries improved slightly with the signing of cooperation contract of liquefied natural gas supply between ExxonMobil and PetroChina. Value of the contract agreed upon by the two largest mining companies was U.S. $ 41.3. This investment can open up to 6000 jobs and help Australia’s economic growth. Read More…
Gazprom CEO Alexei Miller spoke against raising the mining tax and suggested introducing an import duty for natural gas.
At a meeting with Prime Minister Vladimir Putin on Saturday, Miller mentioned possible changes in the mining tax and customs duties proposed by some of the government members.
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