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Oil Mine Exploration Investment Future, Extraordinary Potential of Oil Shale
Along the western slope of the Rocky Mountains lies a possible path toward energy independence.
The world’s largest deposit of oil shale is hidden here, beneath a landscape dotted by pinyon pines and twisted junipers.
If the oil industry can learn how to extract oil and gas from the oil shale in a cost-effective manner, the United [...]
Oil Explore Future, BP and Royal Dutch Profits $1.4bn Higher Of Expected
Big oil was back in the spotlight this week and not just because petrol prices hit £5 a gallon on the forecourts. BP and Royal Dutch Shell both reported first-quarter results that smashed market forecasts and then enjoyed sharp share price gains.
One broker calculated that it was the biggest quarterly earnings surprise from BP, with [...]
Oil company Total SA 2Q Profit Drops 1 Percent
Oil company Total SA said Thursday that its second-quarter net profit edged down 1 percent as improved refinery margins failed to offset the weaker U.S. dollar.
Net income fell to 3.41 billion euros ($4.66 billion) from 3.44 billion euros in the same period a year ago, said Total, one of the world’s largest publicly traded oil [...]
Exxon and Conoco said rejecting Venezuela deal
Exxon Mobil and ConocoPhillips rejected on Monday a deal to stay in multibillion-dollar projects that Venezuela is nationalizing, increasing the chances two of the world’s top oil companies will leave the OPEC nation, two sources close to the talks said.
Four other companies — Chevron , Norway’s Statoil , BP and France’s Total — plan to [...]
Utah, Colorado rival OPEC oil reserves, lure Chevron, Exxon, Shell
Colorado and Utah have as much oil as Saudi Arabia, Iran, Iraq, Venezuela, Nigeria, Kuwait, Libya, Angola, Algeria, Indonesia, Qatar and the United Arab Emirates combined.
That’s not science fiction, according to Bloomberg News. Trapped in limestone up to 200 feet (61 meters) thick in the two Rocky Mountain states is enough so-called shale oil to [...]
Venezuela seizes last private oil fields
President Hugo Chavez’s government took over Venezuela’s last privately run oil fields Tuesday, intensifying a power struggle with international companies over the world’s largest known single petroleum deposit.
Newly bought Russian-made fighter jets streaked through the sky as Chavez shouted “Down with the U.S. empire!” to thousands of red-clad oil workers in the Orinoco River Basin, [...]
Venezuela strips oil giants of £15bn crude projects
Venezuela stripped the world’s biggest oil companies of operational control over massive Orinoco Belt crude projects on Tuesday, a vital move in President Hugo Chavez’s nationalisation drive.
The May Day takeover came exactly a year after Bolivian President Evo Morales, a leftist ally of Chavez, startled investors by ordering troops to seize his country’s gas fields, [...]
Venezuela seizes last private oil fields
President Hugo Chavez’s government took over Venezuela’s last privately run oil fields Tuesday, intensifying a struggle with international oil companies that could slow development of the world’s largest known petroleum deposit.
Oil Minister Rafael Ramirez declared that the Orinoco River fields reverted to state control just after midnight. State television showed cheering oil workers in hard [...]
Mesa Uranium Lisbon Valley Project Drilling Program
Mesa Uranium Corp. is pleased to announce plans for the 2007 drilling program at its projects in Utah and Arizona. Drill programs have been designed for the following target areas and drilling permits have been obtained for several of the targets. Drilling planned for 2007 includes:
Lisbon Valley Project (100% owned, Utah)
