Maine

The head of Brazil’s National Petroleum Agency, Harold Lima, is in hot water after saying Monday that a new offshore discovery could hold 33 billion gallons of oil, four times as much as the Tupi offshore discovery announced in November.
Shares of state-run Petrobras shot up more than 8 percent on the news and remained positive […]

April 17th, 2008 Tags: Brazil, Lima, Maine, Market, Oil, oil discovery, Petrobras, Petroleum, Shares, Water

Oil prices steadied Wednesday above $113 a barrel after setting a record on growing concerns about insufficient global supply. ADVERTISEMENT Oil surged to an all-time high of $114.08 a barrel Tuesday after a high-profile report by the International Energy Agency said Russian oil production dropped this year for the first time in a decade.

Analysts said growing investor […]

April 17th, 2008 Tags: America, Asia, Asian, Brent, Energy, energy agency, Energy Information Administration, energy research, Exchange, Export, fuel, Gas, Gasoline, Gold, Gulf, Gulf coast, heating oil, International Energy Agency, Maine, Market, McGraw-Hill, Mexico, Natural Gas, natural gas futures, New York, Oil, oil futures, Oil price, Oil prices, oil production, Oil surge, Petroleum, Price, Prices, Russia, Russian, Singapore, SUN, Trade, U.S. Energy Information Administration, U.S. government, Victor Shum

Oil prices hit all-time highs above $115 a barrel Thursday with reports that oil and gasoline stocks in the United States were lower than expected and as the dollar hit record lows.
Light, sweet crude for May delivery rose as high as $115.52 a barrel in electronic trading on the New York Mercantile Exchange. It […]

April 17th, 2008 Tags: America, Brent, Crude Oil, Dow Jones, Energy, energy department, Energy Information Administration, Europe, Exchange, Gas, gas price, gas prices, Gasoline, heating oil, Jones, London, Maine, Market, Natural Gas, natural gas prices, New York, Oil, Oil and Gas, oil futures, Oil hits, Oil price, Oil prices, Price, Prices, Singapore, U.S. Energy Department, United States, Victor Shum

Oil prices hit an all-time high above $115 a barrel Thursday amid concerns about sagging U.S. gasoline supplies ahead of the peak demand of the Northern Hemisphere summer.
The U.S. Energy Department said Wednesday that inventories of gasoline fell 5.5 million barrels last week, a much bigger decline than forecast by analysts surveyed by Dow Jones […]

April 17th, 2008 Tags: America, Brent, Crude Oil, Dow Jones, Energy, energy department, Energy Information Administration, Exchange, Gas, gas price, gas prices, Gasoline, heating oil, Jones, London, Maine, Market, Natural Gas, natural gas prices, New York, Oil, oil futures, Oil price, Oil prices, Price, Prices, Singapore, U.S. Energy Department, Victor Shum

Benchmark energy coal prices at Australia’s Newcastle port rose after six straight weeks of decline following contract settlement between Xstrata XTA.L and Japan’s Chubu Electric 9502.T.
Thermal coal prices rose $5.83 from a week earlier to $125.42 a tonne, the globalCOAL’s NEWC weekly index showed in the week ended April 12, based on prices at Australia’s […]

April 15th, 2008 Tags: Alcoa, Asia, Asian, Australia, Australia’s Newcastle port, China, Coal, coal mine, coal miner, Energy, Export, Exports, Indonesia, Japan, Korea, Maine, Market, mine, Miner, Miners, Newcastle, Newcastle port, Price, Prices, Purchases, Singapore, Sydney, Trade, Xstrata

Territory Resources announced today it has committed to spend $25 million over the next two years with the aim of substantially expanding its high grade resource base and extend mine life at the Frances Creek iron ore project.
Territory Resources Chairman Michael Kiernan said the Company was focused on delivering a steady increase in production at […]

April 8th, 2008 Tags: Australia, carbon steel, Chairman, Company, France, Inco, Iron Ore, Maine, Market, Michael, Michael Kiernan, mine, Miner, Mineral, mining, Northern Territory, Orica, Resources, steel

Somphong Vajirakaphan, CEO of one of Chinatown’s better-known goldsmiths, said if the long queues at gold stores in China on the day gold prices hit US$1,000 (Bt31,200) an ounce indicated anything, it was that the market remained jittery and panicky.
Although touted as a safe haven for investors seeking to cover their losses in the volatile […]

March 25th, 2008 Tags: bank, central bank, Chairman, Chicago, Chicago Board of Trade, China, Europe, Exchange, Gold, Illinois, Maine, Market, markets, Oil, Orica, Percy, Price, Prices, Trade

Oil prices have plunged Monday at least temporarily retreat to record levels, investors were concerned that the financial crisis that forced the sale of Bear Stearns is a sign of deep economic difficulties.
Oil slump – falling $ US4.53 to settle at $ US105.68 barrel on the New York Mercantile Exchange – came hours after futures […]

March 18th, 2008 Tags: Alaron Trading Corp., America, bank, Brent, Chicago, Connecticut, Department of Energy, Energy, energy future, energy prices, Exchange, Ford, fuel, Gas, gas price, gas prices, Gasoline, heating oil, Investment Bank, JP Morgan, JPMorgan, London, Maine, Market, markets, mining, Natural Gas, natural gas futures, New York, Oil, oil futures, oil market, Oil price, Oil prices, oil rally, oil remains, Phil Flynn, Price, Prices, PTC, recent oil rally, retail, retail sales, SUN, Trade, United States

Takeover target Challenger Infrastructure Fund (CIF) will book a profit of about $26 million from the sale of its interest in Britain’s Northern Gas Networks Ltd (NGN) to RREEF Alternative Investments.
RREEF Alternative Investments, the global alternative investment management business of Deutsche Bank, bought CIF’s 5.8 per cent stake in NGN for STG 48.8 million ($A105.1 […]

March 17th, 2008 Tags: bank, Britain, Company, Deutsche Bank, Environment, finance, Financial services, Gas, Infrastructure Asset, Maine, Price, Rita, services, Services Group, Shares, Steve, Water

Venezuelan state oil giant PDVSA has decided to sign some oil contracts in euros in the face of a plummeting dollar, local media reported, citing officials.
“There are some contracts in euros, contracts for crude, products and spot markets in euros. This is a subject which we are working on,” said energy minister and Petroleos de […]

March 17th, 2008 Tags: America, Company, Energy, energy agency, Export, International Energy Agency, Latin America, local media, Maine, Market, markets, Oil, oil giant, oil sales, OPEC, PDVSA, Petroleos de Venezuela, Petroleum, petroleum producer, Rafael Ramirez, state oil, United States, Venezuela

With the rising price of oil, bicycle manufacturers are jumping on the electric bicycle bandwagon, exhibiting e-bikes and an e-bike test track at the Taipei International Cycle Show in Taipei this week to promote the use of the battery-powered bikes.
The biggest bicycle show in Asia and third biggest in the world is also organizing […]

March 17th, 2008 Tags: Asia, Beijing, China, Energy, Environment, Europe, Germany, Industrial technology, Maine, Market, Nova, Oil, Oil price, Oil prices, Power, Price, Prices, Shanghai, Taiwan, technology, Trade

Ninety-four pages of proposed rules for uranium mining companies that need to obtain state groundwater permits were too much Wednesday for the South Dakota Water Management Board. The panel had planned to make a decision on the rules but decided to delay it until a special meeting April 2-3 in Rapid City.

Board members want to know […]

March 14th, 2008 Tags: Aberdeen, Attorney, Baseline, Black Hills, Canada, Charmaine White Face, chemical, Environment, environmental group, Environmental Protection Agency, fuel, in-situ mining, Maine, mine, Miner, Mineral, mining, Power, Powertech Uranium Corp., Price, Prices, Rapid City, South Dakota, South Dakota Water Management Board, Uranium, uranium mining, Water