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GulfMark Offshore, Inc. today announced it has closed on the previously announced acquisition of Rigdon Marine. The combined company will initially operate 90 vessels with an additional 16 vessels under construction for delivery through 2010. Geographically diversified, the GulfMark fleet will operate 24 vessels in the U.S. Gulf of Mexico and bring the total Americas […]
Wednesday, July 2nd, 2008
Quest Resource Corporation (NasdaqGM:QRCP) (”Quest”) announced today the pricing of a follow-on public offering of 8,800,000 shares of its common stock at a price of $10.25 per share. Quest has also granted the underwriters a 30-day over-allotment option to purchase up to an additional 1,320,000 shares of its common stock. The offering is expected to […]
Wednesday, July 2nd, 2008
Victory Energy Corporation announced today it has received permit approval from the Texas Railroad Commission Oil and Gas Division to drill a second 12,500 foot well. This permit is in the Corporation’s current gas play in the Texas Permian Basin.
The permit is for the Strawn Limestone formation, located at a depth of approximately 12,500 feet. […]
Wednesday, July 2nd, 2008
Transocean Inc. today announced that its deepwater moored semisubmersible Transocean Marianas, capable of drilling in water depths up to 7,000 feet, has been awarded a two-year contract by a subsidiary of Eni. The contract is scheduled to commence in December 2009 following completion of the rig’s existing contract commitments in the U.S. Gulf of Mexico.
Estimated […]
Wednesday, July 2nd, 2008
Albidon Ltd. said its first nickel-copper-cobalt-PGM concentrate has been produced at Munali Nickel Project located near south of Zambia’s capital city Lusaka. The mining company said saleable nickel-copper-cobalt-PGM concentrate is currently being stockpiled ahead of collection for smelting by Jinchuan Group.
It also added its focus is now to complete commissioning of the concentrator and increase concentrate […]
Wednesday, July 2nd, 2008
Oroya Mining announced its farm in and JV partner in the Roe Hills Nickel Project, Vale Inco, a wholly owned subsidiary of Vale, has advised that approx 1,300m of diamond drilling is scheduled to commence on 10 July 2008. The Company reported ground EM (MLEM) has commenced at Roe 1 and north of Talc Lake […]
Wednesday, July 2nd, 2008
America West Resources, Inc., a domestic coal producer with mining operations in Central Utah, is pleased to announce that the Company has officially commenced coal production in Section II of its Horizon mining operations.
“Expanding our mining operations into Section II represents a mission-critical milestone for our Company and one that we have worked very hard […]
Wednesday, July 2nd, 2008
Pacific Gas and Electric Co. signed a long-term agreement to purchase wind energy from the Arlington Wind Power Project LLC, a subsidiary of Horizon Wind Energy LLC. Horizon will deliver 240 gigawatt hours of renewable wind energy annually to PG&E customers in northern and central California.
The Rattlesnake Road Wind Power Project is currently under construction […]
Wednesday, July 2nd, 2008
Iraqis trying to gas up their cars sat in lines that stretched for miles through downtown Baghdad, as the government prepared to accept bids on its petroleum fields. The country’s fragile oil distribution system means that periodic shortages appear from time to time. But this week’s crunch seemed among the worst.
Iraq announced Monday that it will […]
Wednesday, July 2nd, 2008
Oil supplies will remain tight despite record prices that have trimmed demand, according to the International Energy Agency. Downsizing its estimate of how much oil will reach the market, the IEA predicted supply will exceed projected demand only by 2 million barrels a day.
The IEA is the energy watchdog for the Organization for Economic Cooperation and […]
Wednesday, July 2nd, 2008
