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Abler Minded: $10 a gallon gasoline


In Sunday’s Brainerd Dispatch, in an Open Forum letter, the secretary of the Crow Wing County DFL wrote about the lack of a coherent, national energy policy – a situation that I, too, find unsatisfactory.
In the letter, the author stated, “We need to hear what to do when gas hits $10 a gallon.”
The assumption being [...]

Deep Down Executes LOI to Acquire ElectroWave USA


Deep Down, Inc. today announced it has signed a letter of intent to acquire ElectroWave USA, an electronic monitoring/control system designer and manufacturer serving the energy, military, and commercial sectors, located in Houston, Texas.
“We are excited to have an executed letter of intent to acquire ElectroWave,” commented Ron Smith, Deep Down’s chief executive officer. “The [...]

Canadian group invests into Nautilus


Teck Cominco gets 9.2% stake for US$25m
VANCOUVER based-Teck Cominco Ltd has signed a deal to invest US$25 million (K78 million) and potentially more in undersea miner Nautilus Minerals Inc and its plan to mine the ocean bottom.
The deal gave a boost to Nautilus shares last Thursday, which gained 13% on the Toronto Stock Exchange [...]

Devon Energy Provides Forward-Looking Estimates of Production, Reserve Additions and Capital Expenditures


Devon Energy Corporation (NYSE: DVN – News) today updated its estimate of fourth-quarter 2006 oil and gas production and revised its summary estimates of oil and gas production for the years 2006 through 2009. These estimates result in compound annual production growth of eight to 10 percent for the three-year period.
The company also provided summary [...]

Cuban Oil and Ethanol Could Prosper in Havana’s Hunt for Energy Supplies


• The pace is now quickening for the Cuban oil industry, whose previous dependence on Moscow for its supplies and operations ended with the demise of the Soviet Union
• Havana is on track for securing energy independence through relationships with foreign investors, including China and Venezuela, among others
• Venezuela proudly flaunts its involvement in the [...]

Repsol YPF Launches Program to Advance Seismic Imaging Technology


Repsol YPF (NYSE:
REP), a globally integrated energy company based in Spain, today announced its launch of the Kaleidoscope Project, a “dream team” partnership of top geophysicists, computer scientists and organizations from around the world. Jointly, the team is creating a major advance in computerized techniques for seismic imaging, used to reveal structures buried deep in [...]

Major oil find could bolster U.S. reserves


But experts say impact at the gas pump won’t be immediate.
A trio of oil companies led by Chevron Corp. has tapped a petroleum pool deep beneath the Gulf of Mexico that could boost the nation’s reserves by more than 50 percent.
A test well indicates it could be the biggest new domestic oil discovery since Alaska’s [...]

Brazil, Russia, India and China: Giants among markets


Funds investing in Brazil, Russia, India and China are soaring ahead of those focused on all emerging markets by combining the world’s two most populous nations with two countries that are feeding their expansion. “The four countries all have high economic growth and there seems to be a virtuous cycle between them,” said Grant Yun [...]

Move over, Fortune 500


o many Americans, names like Ranbaxy, Reliance and L&T probably don’t ring a bell. For that matter nor do Enbraer, Cemex or Galanz. But then a host of Japanese (Toyota, Honda) and South Korean (Samsung, LG) companies were largely unknown in the 1960s and 1970s and were dismissed as no-hopers by their competitors from the [...]