Tao Tsuot Ltd. (TASE: TAO-M) has acquired 9% of Ten Petroleum Co. Ltd. from Fishman Holdings for $5.4 million, giving a company value of $60 million for Ten Petroleum. Fishman Holdings also granted Tao Tsuot first refusal rights on the sale of Ten Petroleum shares. The deal tightens Tao Tsuot chairman Ilan Ben-Dov’s collaboration with […]
China, which is aggressively seeking overseas energy assets to fuel its booming economy, said Sunday that one of its biggest conglomerates has bought the Kazakhstan oil assets of a Canadian company for $1.91 billion.
China’s CITIC Group bought the oil assets of Canada’s Nations Energy Company Ltd. and granted KazMunaiGas, Kazakhstan’s state-owned oil company, an option […]
Patient investors in oil and gas buy recommendations ought to be well rewarded should our vision of $150 a barrel for light, sweet crude oil in 2010 materialize. Even today’s futures price of $67 for 2010 implies an attractive outlook for oil stocks, natural gas futures and natural gas stocks. Considering that a McDep […]
He was brought out of the darkness of the Sago Mine in the middle of the night, comatose and battered — and straight into the unyielding glare of unwanted fame.
But today, nearing the anniversary of the Jan. 2 explosion and 41-hour entrapment that killed 12 of his friends, Randal McCloy Jr. is keeping a low […]
Royal Gold, Inc. announces the following Webcast:
What: Royal Gold, Inc.’s Penasquito Royalty Acquisition
When: January 3, 2007 @ 12:00 p.m. Eastern
Where: http://www.videonewswire.com/event.asp?id=37173
How: Live over […]
Michigan is exploring ways to grow its alternative energy industry and provide a boost to economic development, but coal-fired power plants are expected to produce most of the state’s electricity through at least 2030.
The rest of Michigan’s electrical power comes mostly from nuclear power plants or natural gas- or oil-fired power plants. A very small […]
Oil and gas explorer Anadarko Petroleum Corp. enjoyed sizable profits this year, bolstered by higher gasoline prices and blockbuster acquisitions, but its stock lagged because of higher debt.
The Woodlands, Texas-based company, with a market capitalization of $20.07 billion, goes up against larger competitors like BP PLC, ConocoPhillips, and Exxon Mobil Corp. in the exploration, development, […]
PRB Energy, Inc. announced closing of the previously announced transaction involving the acquisition of 13 wells, consisting of 12 gas wells and one water disposal well, and approximately 330,000 net acres in northeast Colorado and southwest Nebraska for $11.7 million in cash. The production and future development activities are in the Niobrara formation. As previously […]
Pakistan will start mining and fencing of its border with Afghanistan next month after addressing all reservations of the United Nations, Interior Minister Aftab Ahmed Khan Sherpao told reporters here.
The proposal has evoked a strong reaction from opposition parties, the NWFP government and others within and outside the country.
Sherpao acknowledged that the Geneva Convention prohibited […]
KAL Energy Inc. is pleased to announce an agreement has been signed with Thatcher Mining Pte Ltd. “Thatcher”, a company incorporated in Singapore.
Under the agreement KAL will acquire 100% of Thatcher by issuing 32,000,000 restricted shares. Thatcher has the rights to two large coal concessions situated near the Mahakam River in North Eastern Kalimantan, Indonesia. […]