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Oil Mining Exploration Result Reported, Mining Company Exploration Location in Delta Nigeria Basin offshore
Addax Petroleum Corporation reports result of exploration of commodity exchange incorporated mine in Nigeria offshore, Nigeri Delta Basin, yields 200 million barrels. Result of exploration of this commodity exchange incorporated mine is the biggest result.
This mine exploration cooperation operated Oil Mining Lease (”OML”) 123. oli mining exploration location is :
The OML123 license area covers approximately [...]
Shell Oil Mining Company Exploration in Nigeria, Supply Pipeline Explosive
Anglo-Dutch oil group Shell said Saturday it had slightly reduced oil production following a militant attack on a major supply pipeline in southern Nigeria.
“We discovered there was a major leak on the Greater Port Harcourt swamp pipeline. The leak appears to have been caused by explosives. We have isolated the line preparatory to repairs,” Shell [...]
OphiraVencap Inc. Announces Proposed Qualifying Transaction with North Sea Energy Inc.
OphiraVencap Inc. (”OPHIRA”) announces that on July 27, 2007 it signed a Letter of Intent (the “Letter of Intent”) with North Sea Energy Inc. (”NORTH SEA”), an arm’s length party, for the potential acquisition of all the issued and outstanding shares of NORTH SEA whether directly, by way of three cornered amalgamation, or by merger [...]
Oriental Completes Farm-In of Ebok Field From Mobil and NNPC
Sovereign Oil & Gas Company II, LLC has received Nigerian government approval of the farm-in by Oriental Energy Resources Limited of Nigeria into the Ebok Marginal Field located in Oil Mining Lease (OML) 67, which is owned by Mobil Producing Nigeria Unlimited, a subsidiary of ExxonMobil Corporation, and the Nigerian National Petroleum Corporation. The Ebok [...]
Uranium Funds Points to Near-Term U3O8 Price Decline
Nuclear Market Review [NMR] editor Treva Klingbiel reported in this week’s issue, “Two sellers that were evaluating bids in response to their auctions have concluded their evaluations and have decided not to sell at this time.” She added, “Both sellers preferred to make delivery in June while most bidders were seeking delivery for several months [...]
North American markets lower amid elevated bond yields, overseas markets slide
North American markets were lower in early trading Friday as New York markets faced elevated bond yields and stocks fell overseas.
Toronto’s S&P/TSX composite index lost 31.6 points to 13,064.1 after moving ahead 117 points Thursday.
Subgroups were down across the board, with information technology leading the decline, down 0.86 per cent, and mining down 0.66 per [...]
Sterling Firm Exports To Nigeria And Beyond
The international transaction between a Sterling and Nigerian company began with an e-mail inquiry.
Kayode Thomas, the Nigeria- and UK-based CEO and managing director of Bell Oil & Gas, contacted Inovex Industries about distributing its Virginia-made products in the oil-rich west African nation. Thomas found Inovex online and wanted to distribute its tire sealants first in [...]
Liberia: Twist-Turns on Oil Halted
Oil exploration in Liberia has for many decades appeared a folktale, with the population informed about the presence of the mineral on its shore, specifically the belt along Rivercess County, while under given circumstances those in the echelon of government have not been specific about the issue.
A year ago, Liberian experts in the mining sector [...]
Africa’s new colonialists?
When China signed trade deals worth $1.9bn with African countries last November, without any conditions on reforms and human rights, a German development official warned Africans they risked becoming Chinese subjects.
“Our African partners really have to watch out that they will not be facing a new process of colonisation,” Karin Kortmann, Parliamentary State Secretary at [...]
