Search Results
Cominco makes $14 billion deal in W.Va. for Coal Mine Industry Expansion
A global consolidation of the coal industry is shifting into overdrive.
Mining giant Teck Cominco said July 29 it will buy up all of the Fording Canadian Coal Trust for close to $14 billion in cash and stock. The deal is just the latest in a growing string of giant acquisitions centered on coking coal, a [...]
Approval of petroleum exploration policy likely: ECC meeting on July 19
The Economic Coordination Committee (ECC) of the Cabinet, scheduled to meet on July 19, is expected to approve ‘Upstream Petroleum Exploration and Production Policy 2007′, envisaging more incentives to attract both foreign and local investment, official sources told Business Recorder.
The ECC meeting, to be presided over by Prime Minister Shaukat Aziz, is also likely to [...]
Oil Prices, After Invetories Report From US Goverment
Oil futures rose Thursday after the government reported larger-than-expected declines in crude and heating oil inventories.
Light, sweet crude for February delivery rose $1 to $96.97 a barrel on the New York Mercantile Exchange.
Earlier, oil prices rose after the assassination of Pakistani opposition leader Benazir Bhutto raised concerns about stability in the Middle East.
Dinan Elected Chief Financial Officer for ONEOK and ONEOK Partners
ONEOK, Inc. (NYSE: OKE – News) and ONEOK Partners, L.P. (NYSE: OKS – News) announced today that Curtis L. Dinan, 39, has been named senior vice president, chief financial officer and treasurer of both organizations, effective Jan. 1, 2007. Dinan was previously senior vice president and chief accounting officer for ONEOK.
Read moreFlying High With Coal-Based Fuel
The announcement of a projected $4 billion coal conversion facility in Wellsville, Ohio, has not interfered with West Virginia Gov. Joe Manchin’s efforts to spur development of a similar production plan in the Mountain State.
In 2005, Manchin announced the “Coal Conversion Initiative” and laid out a comprehensive plan to implement coal conversion technology on a [...]
