Abraxas Petroleum has closed on the sale of certain non-core assets located in South Texas for a total consideration of $12 million, subject to closing adjustments. The effective date of the sale was August 1, 2006. The non-core assets were located in the Three Rivers (Edwards) Field of Live Oak...
Work on a new clean coal project in central Queensland could start within two years, now that a feasibility study has been completed. Under the world first technology, waste carbon dioxide from the power production process would be pumped underground around Emerald and Springsure. Stanwell operations director John McGarry says the...
Friendly Energy Corp. (Other OTC:FDEG.PK) announces today a correction of the press release of June 13th, 2006, previously announcing the company had received a drilling permit for the Asher No. 1 joint venture prospect was effective June 15th, 2006, which was reported incorrectly. The company’s joint venture partner and...
Hours of digging at a hot spot off Underwood Road on Friday showed no evidence of a mine fire. Workers from the federal Office of Surface Mining rooted through steaming dirt, stumps and mine refuse, but the heated vapor and material appeared to be related to composting, not a fire,...
Saturday, August 26th 2006 At least four people were killed and 100 injured when police opened fire on thousands of Bangladeshis trying to storm an office of British coal miner Asia Energy Plc on Saturday, witnesses said. They were protesting against an open pit coal mine project Asian Energy is planning...
Flair Petroleum Corporation (PINK SHEETS: FPMC) reports that it has entered into an agreement which gives the Company the exclusive right to acquire a 100% working interest in leases consisting of in excess of 1000 acres in the Asphalt Ridge Tar Sands deposit from the surface down to 1000...
It’s a great time to have a newly minted degree in petroleum engineering. The recent dip in oil and gasoline prices hasn’t dented an over-the-top demand for entry-level petroleum engineers and others with energy-related technical educations, experts say. A graduate with a degree in petroleum engineering can expect a starting salary...
CONSOL Energy Inc. said it would supply more than 128 million tons of high-BTU coal to FirstEnergy Corp. over 20 years, starting in 2009. Under the new agreement, which replaces one that began in 2003, CONSOL will increase coal shipments by 2 million tons per year to provide coal for...
Some residents of the Lã¼deritz district have embarked on a project to test the feasibility of wind energy at the coastal town. The scheme, called the Lã¼deritz Wind Energy Demonstration Project, is one of last week’s 12 grant recipients of the United Nations Development Fund/Global Environment Facility Small Grants Programme...
New Frontier Energy, Inc. (OTCBB: NFEI), a natural resource exploration and production company, engaged in the exploration, acquisition and development of oil and gas properties in the United States, today announced that it acquired 15% working interest in approximately 15,000 acres in Route County Colorado. The acreage includes all...
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