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Bronco Drilling Company Announces Acquisition of Well Services Company
Bronco Drilling Company, Inc., announced today that it has acquired Eagle Well Service, Inc. and related subsidiaries for $2.5 million in cash, 1,070,390 shares of Bronco common stock and the assumption of debt, net of working capital, estimated at approximately $3.0 million.
The purchase will include 31 workover rigs, 24 of which are currently working. The [...]
Royal Dutch Shell and Canadian Oil Company Nexen Announce Big Find in Gulf of Mexico
Royal Dutch Shell and Canadian oil explorer Nexen Inc said they had made a “significant” discovery in the Gulf of Mexico, the latest in a string of big finds in the Gulf in the past year.
The companies said in statements on Friday that they had made the discovery at the Appomattox prospect in Mississippi Canyon [...]
Schlumberger chairman gets $22.9 million in compensation for 2006
According to a proxy statement filed today, Schlumberger Limited paid chairman and chief executive Andrew Gould nearly 23 (m) million dollars for 2006.
The oilfield services provider’s profit soared last year due to heavy global exploration and marked price increases.
Coal mine cave-in kills 5 in Guizhou
The death toll of a coal mine cave-in in southwest China’s Guizhou Province rose to five after rescuers retrieved three more bodies on Tuesday.
The accident took place at 8:40 pm Sunday, when six miners were working in the shaft of the Kexing Coal Mine in Sayu Township of Anlong County, a spokesman for the county’s [...]
Indian Mining Company to Build Coal-fired Power Plant Green Subsidies
A giant Indian company that has bought up famous British firms such as Jaguar, Land Rover and Tetley Tea is to get hundreds of millions of pounds in “green” subsidies to build one of the world’s biggest coal-fired power stations.
Tata will receive huge sums from the West for building the power station in India, thanks [...]
