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Review And Analysis : Gold Mining Industry Development and Mining Companies Growth In China
Over the last few weeks we’ve been paying more attention to China as it emerges from the East. There are three reasons why China poses such an interesting potential return of value for traders.
A very interesting read is an interview with Jim Rogers about his thoughts on China.
“While he says that China is the only [...]
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 [...]
Nigeria Mine Policy : Mining Companies Exploration Urge Safe Environment
Nigerian President Umaru Yar’Adua said on 13 June that the country’s energy infrastructure has become so decrepit he will soon have to call a ’state of emergency’. Nigerian environmental experts are urging the government to consider reintroducing coal mining to end the crisis, a move they say would also slow forest loss and desertification.
“Nigeria has [...]
Biggest Oil Producers, BP and Shell Post Big Profits
BP PLC and Royal Dutch Shell PLC, Europe’s two biggest oil producers, posted forecast-busting first-quarter earnings on Tuesday thanks to record crude oil prices that are expected to bolster profits across the industry.
The combined profits of $17 billion reignited calls for a windfall tax on oil profits as consumers struggle to pay for food and [...]
Nigeria Goverment and Norway Deal Oil and Gas Exploration (Gas Flaring, Oil Spill)
This is coming on the heels of an agreement signed by the Federal Government and the Kingdom of Norway on how the latter could assist the country to check oil spills and reduce gas flaring.
President Umaru Musa Yar’Adua had late last year announced the new Gas Flare-out date following the inability of oil companies to [...]
Oil company Total SA 2Q Profit Drops 1 Percent
Oil company Total SA said Thursday that its second-quarter net profit edged down 1 percent as improved refinery margins failed to offset the weaker U.S. dollar.
Net income fell to 3.41 billion euros ($4.66 billion) from 3.44 billion euros in the same period a year ago, said Total, one of the world’s largest publicly traded oil [...]
Bidder defaults on Nigeria deep offshore oil blocks
A little-known oil firm that bid $165 million for two Nigerian deep offshore exploration licences during a May auction has lost them after failing to pay up, the Department of Petroleum Resources (DPR) said on Thursday.
The default by Yorkshire Energy World is a blow to the DPR as it was the second-biggest investor in [...]
African Oil Exploration : Ghana enters oil age with wary eye on neighbours
Ghana enters oil age with wary eye on neighbours Find could bring wealth, but some fear petrodollars may hinder economic recovery.
For years the question has puzzled Ghanaians: surely, in a region awash with oil, their country had some black gold of its own? Last month they got their answer. Ghana does have oil, and lots [...]
Local Oil Firm : Lack of access to funding hinders growth of local oil firms
According to him, the company is the local content vehicle in oil prospecting licence (OPL) 282 with Agip, a subsidiary of Italy’s Eni.
Lack of access to sufficient funding has been identified as the major factor hindering the growth of indigenous oil companies in the country.
Bright Ahonsi, managing director Oando Exploration and Production Limited, made this [...]
