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British Mining Company Rio Tinto Reported Iron Ore Production In The Third Quarter Increased 12 Percent
UK’s biggest mining company Rio Tinto reported iron ore production until the third quarter increased 12 percent from last year. Increased production of iron ore produced from the combination of two mining company Rio Tinto. Two mining companies combined yaiut Plc and Rio Tinto Ltd. Rio Tinto.
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.
Australia Cut Export Coal, Iron Ore Mine and Commodity Sales Forecast 10% on Crisis
Australia, the world’s largest shipper of coal, iron ore and wool, cut its commodity exports forecast by 10 percent because of the global financial crisis that may continue to hinder any recovery until the second half next year.
Atlas Pipeline Make Report Mining Exploration Increase Second Quarter 2008 Results
Atlas Pipeline Partners, L.P. today reported financial results for the second quarter 2008.
The results of the second quarter 2008 include:
– Adjusted EBITDA(1), a non-GAAP measure, of $76.0 million compared with $24.2 million for the prior year second quarter, an increase of $51.8 million, or over 214%. The quarter-over-quarter results were favorably impacted by contributions from [...]
Condition Of Commerce Of Mining Exploration Sector, Gain Of Massey Merger On US Coal Mine Exploration
Taker over mine company Alpha Natural Resources Inc. by Cleveland-Cliff equal to $10 billion is an the biggest acquisition process in coal industry.
While the worldwide bear market slowed mergers and acquisitions by 35 percent in the first half of the year, takeovers of energy and mining companies jumped 33 percent so far this year as [...]
Oil and Natural Gas Exploration Investment Record 2008 in Norway
Investment in Norway’s oil and natural gas industry will rise to a record 132.3 billion kroner ($25 billion) in 2008 as soaring energy prices spur companies to step up exploration and services, the statistics office said.
The 2008 estimate, including spending on pipelines, represents a 20 percent increase from 2007 and is 2.1 billion kroner higher [...]
Oil Prices in Asia Market and Trade Near $118 a barrel
Oil prices in Asia market higher price after US U.S. dollar and concerns about unstable supply amid firm global demand. Previous session $120.
he dollar’s drop to a record low Tuesday against the euro helped draw more funds from investors who see commodities such as oil as a hedge against inflation and a falling dollar. [...]
Goodrich Petroleum Provides Operational Update
Goodrich Petroleum Corporation today provided an operational update on a number of recent drilling and development activities.
20-Acre Spacing in the Cotton Valley
In May 2007, the Company completed its initial well drilled on 20-acre spacing in the Cotton Valley trend. The Company’s P.O. Beard No.6 had an initial production rate of 1,800 Mcfe per day and [...]
Oil, Gold Bottom on China-Led Rebound, U.S. Trust, Goldman Say
Oil, gold and copper have bottomed in the last three weeks and may lead a rebound in the commodities markets, say a growing minority of strategists.
“We are positioning for an upturn,” said Michael Hoover, who manages $475 million at U.S. Trust Co.’s Excelsior Energy and Natural Resources Fund, which gained an average 20 percent a [...]
