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PetroWorth Commissions Precision Drilling Rig for Three-Well Exploration Program in New Brunswick
PetroWorth Resources Inc. is pleased to announce that it has commissioned the Precision Drilling Rig #176 to conduct a three-well exploration drilling program on the company’s permitted property in New Brunswick, scheduled to commence in mid-September 2007. All three wells will target the gas prone sandstone within the Hiram Brook formation, and will delve [...]
Read moreVenoco, Inc. Announces CFO Changes
Venoco, Inc. today announced that David B. Christofferson, Chief Financial Officer, will be retiring from Venoco. Mr. Christofferson has served as Venoco’s CFO since 2004. He was previously CFO of Marquez Energy LLC, which he joined shortly after its formation in 2002. Concurrently, the company also announced that Timothy A. Ficker will be joining the [...]
Read moreUS Bureau of Land Management auction for oil and gas
Bob Bennett is state director of the BLM in Wyoming. He says that mineral resources from public lands in Wyoming help to meet energy demands in the Rocky Mountain region.
Bennett says that one third of the nation’s oil and gas production comes from public lands. And he says that the oil and gas leasing program [...]
Gold drops under $600 an ounce as oil price sinks
Gold prices plunged on Monday below $600 an ounce for the first time in more than two months as investors weighed bullion’s prospects in the face of lower oil prices.
The metal trimmed losses in early European trade with a recovery in the euro against the dollar, but traded much below its close in New York [...]
CSN of Brazil Tops Tata Bid for Corus
CSN of Brazil Tops Tata Bid for British Steelmaker Corus With $9.6 Billion Offer.
Brazilian steelmaker CSN raised the stakes in the takeover war for Britain’s Corus Group PLC on Monday, making a 4.9 billion pound ($9.6 billion) bid that topped a sweetened offer by Tata Steel of India. Companhia Siderurgica Nacional SA’s offer of 515 [...]
