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Dominion to sell most of its oil and gas interests
Dominion Resources is selling most of its US on-shore oil and gas exploration and production operations for $6.5 billion.
1 of the buyers is Loews Corporation, which charters offshore drilling rigs to oil and gas explorers. It will pay about four billion dollars for Dominion’s operations in Michigan, Alabama and the Permian Basin of Texas.
China Trade and Market, PetroChina Shanghai shares fall 7.7 pct.
Chinese oil and gas giant PetroChina remains the world’s largest business by market capitalization. But its status as the first $1 trillion company was short-lived.
A day after its debut in Shanghai, PetroChina Co.’s shares fell 7.7 percent in early trading to 40.58 yuan ($5.53).
PetroChina became the first company with a $1 trillion market capitalization when [...]
TSX Venture Exchange Closing Summary for January 3, 2007
Trading was very heavy on a volume of 177.0 million shares worth 184.3 million dollars.
There were 285 advances, 586 declines and 542 issues unchanged.
The S&P/TSX Venture Composite Index closed down 91.40 at 2916.34.
click here for table report
China Steelmaker Compete For Import Of Coking Coal Next Year
China as a country that has the largest steel manufacturer in the world, probably next year will face competition with Japan and South Korea for coking coal. This year China’s coking coal imports increased 12-fold. Increased coking coal imports due to China’s government policy to close some coal mines that are not considered safe in [...]
Read moreAustralian Govt has no plans to cut petrol tax
The federal government has no plans to slash the fuel excise despite predictions petrol prices could soar to $1.50 a litre by Christmas.
Prime Minister John Howard says he has not discussed cutting petrol taxes with his colleagues.
Speculation that petrol could cost $1.50 a litre by Christmas was an exaggeration, he said
“We don’t have any plans [...]
