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Coal Price In World Market and Trade Higher


As consumers struggle to get used to $4-a-gallon gasoline, there’s another source of energy that is becoming more expensive: coal.
The price of a ton of Central Appalachian coal on the futures market was $42.65 a year ago and has risen to around $96, according to figures from the U.S. Energy Information Administration. That increase comes [...]

North Dakota’s mineral resource leader gives estimate of oil in Bakken formation


North Dakota’s own estimate of how much oil can be gotten economically, using current technology, from the Bakken formation in the Williston Basin is slightly above or below 2.1 billion barrels, Lynn Helms reported this morning at a conference here.
Helms, director of the state’s department of mineral resources, said that estimate is based on a [...]

Centre approves captive mining for gas production by coal gasification, liquefaction


The Centre has approved captive mining for production of gas through coal gasification and liquefaction.
“The under ground coal gasification aims at extracting energy from coal seams, which cannot be otherwise mined through conventional methods,” a Prime Minister Office release said.
The recent rise in international oil prices has led many countries to seek gainful use [...]

Rig shortage may force govt to auction fewer exploration blocks


India’s long-term objective of tapping all its oil and gas resources in the interests of energy security may suffer a hit in the short term with the government deciding to lease out fewer exploration blocks than initially planned in a coming auction. The reason: shortage of deepwater rigs, needed for offshore exploration. The seventh round [...]

Bulge bracket firms dominate in Asia


While bulge bracket firms did not dominate the Financial Times/StarMine Awards for Europe in 2006, they certainly did in Asia.
Independent research houses have made significant in-roads in the US and Europe but, judging from the results, when it comes to producing accurate company analysis the emerging markets of Asia require an altogether higher level of [...]