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New oil pipeline to supply South Africa
Petropac has made MoU to make oil channel and gas from Maputo in Mozambique and its supply to markets in South Africa.
This new investment after Petropac on the market by Petroline, a consortium stockholder South African and Mozambican. From this invesment Petropac will get return of certain cost and initial expenses to do study elegibility.
Facility [...]
Advanced Explorations Inc. Announces Assignment of Licensing Agreement With LDI3 to PinPoint Xploration Inc.
Advanced Explorations Inc. is pleased to announce that the Company has entered into an Assignment and Assumption Agreement (the “Agreement) with PinPoint Xploration Inc. (”PinPoint”) with respect to the License Agreement for laser exploration of petroleum resources between AEI and Laser Diagnostic Instruments International Inc. (LDI3). Under this Assignment and Assumption Agreement, AEI hereby assigns [...]
These two trends, climate destabilization and oil depletion, are matters of science, not conjecture.”
Going green and renewable is as much about national security and economic development as it is about the environment, the head of a national renewable-energy advocacy group said here Friday.
Bradley Collins, the executive director of the American Solar Energy Society, linked the issues in an address before the City Club of Cleveland. Collins will [...]
Athabasca Announces an Update to Its Minerals Exploration Program
Athabasca Minerals Inc. has recently completed a field exploration program on the company’s mineral properties in northern Alberta. This field program was directed toward evaluating the potential for the diamonds and silica sand.
The exploration team was grouped into two parties, one focusing solely on diamonds exploration, and the other primarily evaluating silica sand prospects with [...]
Oriental Completes Farm-In of Ebok Field From Mobil and NNPC
Sovereign Oil & Gas Company II, LLC has received Nigerian government approval of the farm-in by Oriental Energy Resources Limited of Nigeria into the Ebok Marginal Field located in Oil Mining Lease (OML) 67, which is owned by Mobil Producing Nigeria Unlimited, a subsidiary of ExxonMobil Corporation, and the Nigerian National Petroleum Corporation. The Ebok [...]
India refineries told to clean up
Authorities in India’s north-eastern state of Assam have threatened local oil refineries with closure unless they stopped polluting local rivers.
Assam’s Pollution Control Board has given five refineries a year to stop discharging effluents into rivers.
It says the refineries were dumping effluents at levels much higher than acceptable federal limits.
Two of the five refineries have told [...]
Goldnev Announces Acquisition of Oil Shale Permits and $5 Million Exploration Program
Goldnev Resources Inc. is pleased to announce that it has reached agreement with a private Alberta company to invest though a farm-in agreement a total of $5 million to explore and develop two oil shale permits totaling 155,443 gross acres (6 3/4 townships) located in the Pasquia Hills oil shale region in Saskatchewan.
The Pasquia Hills [...]
Montana prospect indicates potential 2 to 4 million barrels
Victory Energy Corporation has announced the development plans for the acreage it holds in the Glasgow Prospect located in Valley County Montana.
The Corporation will continue to develop the Glasgow Prospect as a Wrench Fault oil deposit. The evidence of Wrench zones is supported by surveys and geological documentation. The geological findings place the potential production [...]
Southern Pacific Closes 76 Section Land Acquisition
Southern Pacific Resource Corp. (”Southern Pacific” or the “Corporation”) (TSX VENTURE: STP) is pleased to report that it closed the acquisition of an 80% interest in 76 sections (38,912 acres net to Southern Pacific) of land in the Fort McMurray area of the Athabasca Oilsands fairway. This acquisition was previously announced on June 1, 2007. [...]
