Search Results
Oil majors are increasingly investing in monitoring stations onshore to track and direct activity at distant offshore wells
At tens of millions of dollars a pop, wells drilled in the ocean’s unforgiving deep waters are an investment oil companies consider worth watching around the clock.
And watch they do.
Increasingly risky exploration in recent years has prompted companies to create “real-time operation centers” that are to remote operations what Mission Control is to space exploration.
Finding [...]
South Korea’s Firm Consortium with Australian Mining Company Agreed To Take Over Coal Mine Exploration in Australia
AFP reported that a consortium of South Korea’s state run and private companies and an Australian mining company have agreed to take over a soft coal mine, valued at KRW 37 billion in Australia.
Read moreEU clears Russia’s Norilsk Nickel to buy OM Group’s nickel assets
The European Commission on Tuesday approved Russian mining company OAO Norilsk Nickel to buy Cleveland-based OM Group Inc.’s nickel assets for $408 million in cash.
Norilsk Nickel is the world’s biggest nickel producer but EU regulators said the takeover would not significantly impede competition in Europe.
Patterson-UTI Expects Fourth Quarter Earnings in Range of $0.95 to $1.00
PATTERSON-UTI ENERGY, INC. today announced that it currently expects fourth quarter of 2006 earnings per share to be in the range of $0.95 to $1.00. This earnings estimate reflects the impact of the previously disclosed decline in drilling activity during the quarter. As reported by the Company in its monthly press releases, drilling rigs operating [...]
Read moreGalaxy, PetroHunter Extend Closing Date of Powder River Sale
Galaxy Energy Corp. and its wholly owned subsidiary, Dolphin Energy Corp., have agreed to an amendment to the Purchase and Sale Agreement (PSA) with PetroHunter Energy Corporation.
The amendment extends the closing date to on or before April 30, 2007, in connection with PetroHunter’s efforts to obtain financing. Marc A. Bruner, a 14.1% beneficial shareholder of [...]
