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Oil and Gas Company Financial Report : American Oil & Gas Plans Acquisition and Development Oil and Gas Properties
American Oil & Gas Inc. reports a net loss to common stockholders of $10.3 million (loss of $0.21 per share, basic and diluted) for the year ended December 31, 2009 (”2009″), as compared to a net loss to common stockholders of $24.2 million (loss of $0.51 per share, basic and diluted), for the fiscal year [...]
Wuhan Steel Group Seeks More Iron Ore Assets Overseas
Wuhan Iron & Steel Group, China’s third-biggest steelmaker, is seeking to invest in more overseas iron ore assets to cut reliance on expensive imports, General Manager Deng Qilin said.
“We aim to be self-sufficient in iron ore supplies in three to five years and reduce purchases,” Deng, who’s also chairman of the China Iron & Steel [...]
Investment For Gold Mining Stocks Rose In The Year 2009
Investments in shares of gold mining companies to show indications of improvement in the year 2009. One of the factors that support increased investment in gold mining companies, because there is a trend increase in the price of gold.
Coal Mine Production Lower Expectations, Massey Energy Report
Despite the slowing economy, coal producer Massey Energy Co. remains committed to an ambitious expansion plan that added 15 new mines over the past year, company officials said Friday.
The Richmond, Va.-based company also expanded seven existing mines, hired almost 900 miners and bought a fleet of surface mining equipment over the past 12 months as [...]
Oil companies go deep into Gulf’s potential
Last fall, a team led by Chevron Corp. became the toast of the oil industry when it demonstrated that an alluring deepwater region of the Gulf of Mexico could deliver on its promise.
Now, oil companies are taking concrete steps to unlock the area’s potential, with an eye toward extracting oil from there in as little [...]
Fierce competition in scramble for Libya’s black gold
After 20 years of isolation, Libya has become the destination of choice for hungry oil companies ready to cut any kind of deal to get a piece of the north African state’s oil riches.
“It’s a race for our black gold,” president of the National Oil Company Shukri Ghanem told AFP. “We are organising it like [...]
Land of endless potential
Thai investors need not look far for a big market and lucrative gains. The red carpet is about to roll out.
Indonesia, the most populous of the 10 Asean nations, continues to entice Thai companies to invest, offering a vast array of incentives that could help local companies build a foundation for future success.
Low bids stymie Petrocan oil sands auction
Petro-Canada yanked five oil sands properties from the auction block yesterday, saying bids didn’t meet its expectations, and analysts said the low offers indicated excitement for such assets has diminished somewhat.
When Petrocan put the five properties up for sale in November, some analysts such as UBS Securities estimated they could fetch as much as $1.7-billion.
Analysis: Profits won’t change Big Oil
By SHIHOKO GOTO Big Oil made big gains last year, thanks to high oil prices. Yet with the price of petroleum at least $20 lower now than at its height in 2006, it seems unlikely companies will be able to sustain such profit levels. But while environmentalists and others might hope their record earnings [...]
