Search Results
India Starts Auction of Oil, Gas Exploration Areas (Update2)
India started its largest auction of oil and gas fields, offering 70 areas for exploration when energy producers are cutting investments because of falling prices and the global recession.
Tri-Valley To Advance Alaska Gold Mine Exploration and Industria Mineral Properties
Tri-Valley Corporation announced that its minerals subsidiary, Select Resources Corporation, has entered into an official stage of information exchange with industry parties to advance its Alaska gold and industrial mineral properties.
Canada’s Potash Industry Drawing Both Top Mining Companies
Long dominated by a small group of local players, Canada’s potash industry has become red hot, as soaring prices have begun drawing both top mining companies and small exploration firms to the vast resources buried deep under the western prairies.
Used as a key ingredient in fertilizer, demand for potash has soared along with grain prices, [...]
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 [...]
Uranium Mineralization and Plans Drill Program at Bugs Project, Nunavut
Ur-Energy Inc. is pleased to announce the results from its summer exploration program on its Bugs Property in the Baker Lake Basin in Nunavut, Canada. The Bugs Property, consisting of 11 mineral claims (approximately 11,000 hectares), was previously explored by Cominco Ltd. for uranium in the late 1970s. Ur-Energy can complete its earn in to [...]
Aabar in $446mn oil rigs sale
Abu Dhabi-based Aabar Petroleum Investments Co. said on Sunday it agreed to sell its oil-rigs unit for $446 million to focus on petroleum exploration and production.
Aabar, the Middle East’s first publicly listed oil and gas company, sold Dalma Energy to GulfCap Group, it said in a statement. GulfCap is owned by investors in Saudi Arabia, [...]
NovaGold Second Quarter Financial Results and Project Update
NovaGold Resources Inc.today announced its financial and operating results for the three months ended May 31, 2007, along with an update on the Company’s project development activities. Details of the Company’s financial results are described in the unaudited consolidated financial statements and Management’s Discussion and Analysis which, together with further details on each of the [...]
Progress on tax-sharing oil agreement lags
Negotiations on an agreement to help spur oil exploration on Fort Berthold Indian Reservation should intensify soon, prompted by recent oil discoveries on the reservation’s outskirts, state and tribal officials say.
However, the talks will have some complex employment, tax and regulatory differences to resolve, participants say. The Three Affiliated Tribes has its own oil production [...]
Samudra to start using second drilling rig in Q4
Kejuruteraan Samudra Timur Bhd (KSTB) expects its second land-drilling rig to be operational by the fourth quarter, said executive director Datuk Chee Peck Kiat.
“It will be based in the Middle East or South-East Asia,” he said after the company AGM yesterday. The first unit is currently mobilised in India.
Chee said the second rig [...]
