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Cameco Corp. and Japan’s Mitsubishi Corp Sign Agreement Acquire Mine Exploration Project in Western Australia
Canada’s Cameco Corp and Japan’s Mitsubishi Corp said on Thursday they will jointly acquire Kintyre uranium exploration project in Western Australia from Rio Tinto Ltd for $495 million.
Cameco will take a 70 percent interest in the project for $346.5 million while the Japanese trading house will acquire the remaining stake through its Sydney-based [...]
US hopes for clean coal energy
Much talked-about US efforts to build a coal-fired power plant with near zero emissions are now concentrated in a single project, as the costs and difficulties of the endeavour have mounted and the stakes have risen.
FutureGen, a $US1.5 billion public-private venture, aims to design and test the technology required to turn coal into a gas [...]
Fingers of blame point north to Canada
That’s the explanation some oil-field-services companies will be giving in the days ahead for weak spots in their profit reports.
Schlumberger, the world’s largest oil-field-services company, began the refrain Friday when it kicked off earnings season for the industry.
In the second quarter, the company reported a “significant” downturn in its Canadian business as high natural gas [...]
U.S. Energy Corp. Announces a Stock Buy Back Program; Reviews Corporate Development Plans
U.S. Energy Corp. (Nachrichten), a diversified natural resource exploration company announced today that it will initiate a share buy back program. The Company is also pleased to provide its corporate development strategy along with several project updates as follows.
Share Buy Back Program
The Board of Directors of USEG has approved a share buy back program for [...]
Forest Oil sells Alaskan energy assets for $464 million
Forest Oil Corp. agreed Tuesday to sell its Alaskan oil and gas assets for $464 million to Pacific Energy Resources Ltd.
Denver-based Forest will receive $380 million to pay off the assets’ debt, $68 million in cash and 5.5 million shares of Pacific Energy Resources stock valued at $16 million.
“Our equity ownership in Pacific indicates our [...]
Stratic Energy Announces First Gas in the Black Sea, Offshore Turkey
Stratic Energy Corporation and its joint venture partners, TPAO (the Turkish national oil company) and Toreador Resources Corporation, today announced that commercial gas sales from the South Akcakoca Sub-Basin project have commenced.
Initial production is from three wells on the Akkaya platform, and is expected to build up to full production over the next few months [...]
RSX Provides U.S. Investors With Access to a Portfolio of 30 Russian Companies Traded on Global Exchanges
New York-based asset manager Van Eck Global today launched Market Vectors-Russia ETF, a new exchange-traded fund (ETF) that is listed on the New York Stock Exchange (NYSE). The fund is the first ETF listed in the U.S. that enables U.S. investors to gain exposure to a broad spectrum of Russian companies.
International Royalty Corporation: Capitalize on the Commodities Boom
International Royalty Corporation is in the business of acquiring and creating natural resource royalties with a specific emphasis on mineral royalties. A royalty is the contractual right to a share of revenues or operating profits generated by commercialization of an owner’s rights or property. Royalties are beneficial because they provide all the upside attached [...]
Copano Energy Agrees to Acquire Cimmarron Gathering, L.P. for $95 Million
Copano Energy, L.L.C. announced today that it has signed a definitive agreement to acquire Cimmarron Gathering, L.P., of Gainesville, Texas, for total consideration of $95 million (subject to certain closing adjustments). The purchase price consists of $41 million of cash and $54 million of Class C units to be issued at closing.
Cimmarron owns interests in [...]
