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Oil and Gas Exploration Project Fall in Prices
From the plains of North Dakota to the deep waters of Brazil, dozens of major oil and gas projects have been suspended or canceled in recent weeks as companies scramble to adjust to the collapse in energy markets.
Improvement Of Coal Mine Exploration And Safety Of World Climate
the increasing of request of produce of coal in some states results exploration company of coal and company produce of coal increases activity to fulfill request and coal supply.
the increasing of request of coal is applied to fulfill requirement of public electric energy. In some states, improvement of exploration and supply of coal makes state [...]
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 [...]
Vietnam joins search for oil in Cuba’s Gulf waters
Vietnam’s state oil and gas group became on Friday the sixth oil company to sign risk contracts to explore Cuba’s promising Gulf of Mexico waters.
Petrovietnam signed contracts for blocks 31, 31, 42 and 43 in the deep waters of Cuba’s economic exclusion zone where non-commercial quantities of light oil have been discovered.
The prospecting, drilling and [...]
Nuinsco Reports 2006 Financial Results, Provides Summary of Activities
Nuinsco Resources Limited (TSX:NWI – News; www.nuinsco.ca) today announced the filing of its financial statements and MD&A for the fiscal year ended December 31, 2006. Significant accomplishments during the year included:
Uranium
- Increased the size of the Diabase Peninsula uranium property in Saskatchewan’s Athabasca Basin to approximately 21,900 hectares and completed two drill programs that returned [...]
Capricorn Energy New Success Story?
Scottish oil junior Cairn Energy [LSE:CNE], holding vast producing oil acreage in South-East Asia (India, Bangladesh, Pakistan and Nepal), has again made headlines lately. Based on its statements that it plans to return $944 million to shareholders after floating its Indian business, investors have renewed their interest.
Cairn has decided to split up its former company [...]
PetroVietnam Eyes Cuba, Nigeria Oil Exploration Projects ‘07
Vietnam Oil and Gas Corp., or PetroVietnam, will expand its overseas oil exploration venture with two contracts this year, one in Cuba and the other in Nigeria, a top PetroVietnam official said Tuesday.
While negotiations on the Nigeria oil exploration contract are still preliminary, PetroVietnam is likely to conclude talks with Cuba by the second quarter, [...]
Could oil reserves prompt an end to embargo?
If estimates of Cuba’s offshore oil reserves prove accurate, it could pressure the U.S. to lift its embargo and permit exploration by U.S. oil companies. The island already has stepped up exploration for oil and natural gas and expanded mining with foreign partners.
Since the demise of the Soviet Union forced Cuba to crack open its [...]
Oil Blocks: SPDC, Total Partner ONGC Mittal
The Royal Dutch Shell and Total, may join ONGC Mittal Energy (OMEL), as equity partners in the Nigeria oil blocs, OPLs 212 and 209.
The two oil majors have shown interest in acquiring a stake in the oil blocs which according to an OMEL official swill bring in value to exploration activities in Nigeria, since the [...]
