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Oil and Gas Exploration Project Fall in Prices
From the plains of North Dakota to the deep waters of Brazil, dozens of major oil and gas projects have been suspended or canceled in recent weeks as companies scramble to adjust to the collapse in energy markets.
Mining Companies Hope Revision Mining Tax Code in Alaska
Some lawmakers are calling for a revision of Alaska’s mining tax code, which they say is outdated and doesn’t give the state’s citizens the best return for their resources.
House Bill 156 is one of several bills up for debate in the upcoming regular session of the Alaska Legislature that could have repercussions for the mining [...]
Utah Oil Promising Alternative Oilfield Source
Years of rising energy demands have significantly depleted traditional and easily-acquired energy resources, even as large deposits of unconventional resources have remained undeveloped due to the high expense and complicated technology involved in extracting them. But with the price of crude oil and gasoline up and supply shrinking, nontraditional resources are being seriously considered as [...]
OphiraVencap Inc. Announces Proposed Qualifying Transaction with North Sea Energy Inc.
OphiraVencap Inc. (”OPHIRA”) announces that on July 27, 2007 it signed a Letter of Intent (the “Letter of Intent”) with North Sea Energy Inc. (”NORTH SEA”), an arm’s length party, for the potential acquisition of all the issued and outstanding shares of NORTH SEA whether directly, by way of three cornered amalgamation, or by merger [...]
Methanex Corporation Sign Agreement with GeoPark and Wintershall to Participate in the Upcoming Gas Bidding Round in Southern Chile
Methanex Corporation announced today that it has signed a cooperation agreement with Wintershall and GeoPark Holdings Limited for the joint evaluation and bidding for upstream gas development concessions in the upcoming Bidding Round developed by the Chilean Government. The Bidding Round, which has attracted international attention from various oil and gas firms, includes ten [...]
Belmont Resources Inc.: Uranium Projects Exploration Updates
Belmont Resources Inc. is pleased to provide an update on activities for its portfolio of uranium projects located in prolific uranium districts in Canada. The Company currently has four uranium projects at various stages of exploration, and continues to make progress through joint venture and independant work activity. It is expected that the Company will [...]
Teck to increase copper output 72 percent by 2010 if Aur Resources take-over goes ahead
Toronto-based copper mine Aur Resources (TSX: AUR) had not even contemplated putting the company up for sale when Vancouver-based Teck Cominco (TSX, NYSE: TCK) made a cash-and-share offer of Cdn$41/sh (US$38.69/sh).
In fact, Aur’s shareholders didn’t even want an all-cash bid although Teck has plenty of money in the till. They preferred a tax-free rollover.
The chance [...]
Uranium Funds Points to Near-Term U3O8 Price Decline
Nuclear Market Review [NMR] editor Treva Klingbiel reported in this week’s issue, “Two sellers that were evaluating bids in response to their auctions have concluded their evaluations and have decided not to sell at this time.” She added, “Both sellers preferred to make delivery in June while most bidders were seeking delivery for several months [...]
As refinery profits soar, Li Ka-shing buys in
Li Ka-shing and Thomas Barrack have found a way to make more money from record gasoline prices than Marathon Oil and Royal Dutch Shell.
The billionaires are buying refineries in Europe and the United States for about $12,000 per barrel of processing capacity, 33 percent less than the oil companies pay to build them along the [...]
