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Interesting engineering news and general interest to get you through the week.

Mining, Oil & Gas

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Mining, Oil & Gas
Where would we be without the benefits that mining, oil and gas have provided us.  This is an important sector,  providing energy to keep our society going.


Wholly moly - a goer if price remains strong

Clipped to the Drawing Board by Bob Smith  

 I've got no idea - but what a good name = go, go, go

 MOLY MINES has turned its attention to the huge financing task ahead after demonstrating its $US852 million Pilbara molybdenum project could provide good returns as long as the metal's price remains strong.

Wednesday 26 September, 2007 12:08 PM
 

BP shares fall after report of 'dreadful' results

Clipped to the Drawing Board by Dave Ellery  

 an oil company that's not making mega bucks - now that's hard to believe

Tony Hayward, BP 's new chief executive, has warned staff that the business will be restructured after the worst financial performance at the company for 15 years.

 

Tuesday 25 September, 2007 11:16 AM
 

Unlock the value

Clipped to the Drawing Board by Ryan  

 get your test tubes out guys -

 The Canadian gold mining outfit Barrick Gold is offering $10m to scientists, engineers and other inventors who can unlock the silver from the ore at its Veladero gold mine in Argentina.

Monday 24 September, 2007 01:17 PM
 

Gold rumours send BHP stock soaring

Clipped to the Drawing Board by JW  

 well it looks like there could be gold in them thar hills - yahooo.......

SHARES in BHP Billiton have surged amid speculation the company is sitting on one of the world's largest gold resources at its Olympic Dam project in South Australia.

 

Monday 24 September, 2007 12:55 PM
 

Shell and Saudis invest in US refinery

Clipped to the Drawing Board by Administrator  
Royal Dutch Shell and Saudi Arabia's state-owned oil company are to spend at least $7bn (£3.5bn) to more than double the size of a refinery in Texas in what is the most significant investment in such facilities in the US for 30 years.
Saturday 22 September, 2007 09:08 AM
 

Gas set to put on a spurt as contractors expand

Clipped to the Drawing Board by Ryan  

 all system are - go, go, go

ROYAL Dutch Shell , the world's biggest non-state producer of liquefied natural gas, said the jump in construction costs that had been delaying new supply projects was set to ease as engineering companies expanded.

Saturday 22 September, 2007 08:47 AM
 

Gold proves it's still a safe port

Clipped to the Drawing Board by Dave Ellery  

 when you're hot - you're hot - and all metals are running hot

GOLD 'S traditional status as a safe haven asset was reaffirmed with a vengeance yesterday, with the metal hitting the equivalent of $869 an ounce - a price at which every gold miner in the world should be well into profit.

Wednesday 19 September, 2007 11:52 AM
 

Praxair and Foster Wheeler Form Alliance to Pursue Clean Coal Demonstration Projects

Clipped to the Drawing Board by JW  
and we all want to be closer to clean coal technology-
Praxair, Inc. and Foster Wheeler North America Corp ., a US subsidiary of Foster Wheeler Ltd. have signed a multi-year agreement that calls for the joint pursuit of certain demonstration projects that will incorporate clean coal technologies and integrated oxy-coal combustion systems into coal-fired electric generating plants to facilitate capture and sequestration of carbon dioxide (CO2).
Tuesday 18 September, 2007 12:41 PM
 

World oil prices hit record high

Clipped to the Drawing Board by Dave Ellery  

I think that I have seen this headline before - just remember - it doesn't matter how high it goes - it can always go higher

 WORLD oil prices topped $US81 a barrel for the first time today, setting another record high amid fears of critically tight supplies for the US winter.

Tuesday 18 September, 2007 12:10 PM
 

Coal-to-oil plant to start production next year

Clipped to the Drawing Board by Peter Wu  

 an interesting move to get away from imported oil

BEIJING, Sept. 17 -- China's first direct coal-to-oil plant will start operation next year, with the industry's production capacity rising to 50 million tons in 12 years, the country's largest coal company has said

Monday 17 September, 2007 11:13 AM
 

EPA backflip: $12b Rio mine to proceed

Clipped to the Drawing Board by Adam Crighton  

I'm sure that there are are lots of good one liners in this article - but I will leave them for someone else !!!

WESTERN Australia's environmental watchdog has reversed its decision to block a $12 billion iron ore development to protect a tiny spider-like creature.

Monday 17 September, 2007 11:05 AM
 

$6.3bn gas pipeline to bypass Russia

Clipped to the Drawing Board by John William  

a lot of politics - Russia has been a key energy supplier - I'll bet there are a lot of nervous Europeans when the Russians flex there energy muscle

Energy minister Malcolm Wicks is in the Caspian region this week to lobby for a gas pipeline that would supply Europe directly with gas – and bypass Russia.

Sunday 16 September, 2007 11:51 AM
 

Is the $100 barrel on its way?

Clipped to the Drawing Board by Dillon Smatcher  
With oil prices rising amid tricky economic conditions, Sylvia Pfeifer wonders how much higher it can go
Sunday 16 September, 2007 11:47 AM
 

Gaz de France wants to join Nabucco pipeline project

Clipped to the Drawing Board by Dillon Smatcher  

 French utility Gaz de France wants to join the European Union's flagship Nabucco gas pipeline , the French gas giant's chief operating officer Jean-Marie Dauger said here Friday.

Saturday 15 September, 2007 09:31 AM
 

Crude oil gushing to the $90 milestone

Clipped to the Drawing Board by JW  

 better get the bicycle dusted off -

The price of crude oil may have fallen back yesterday after breaking the $80 (£39.36) mark, but now that this psychological barrier has been breached, traders are speculating about when it will hit $90.

Friday 14 September, 2007 12:16 PM
 

Samsung wins $1.1bn Thailand deal

Clipped to the Drawing Board by Dave Ellery  

 South Korea's Samsung Engineering says it has received a $1.1bn (£0.54bn) order from Thailand's PTT Public Company to build two gas plants.


 

Wednesday 12 September, 2007 11:44 AM
 

BHP chief tells Canberra to come clean on coal

Clipped to the Drawing Board by Sean  

BHP Billiton chief executive Chip Goodyear has urged the Federal Government to upgrade its research into clean coal technology by establishing a centre of excellence program in Australia.
Saturday 8 September, 2007 08:49 AM
 

Germany set to buy more coal from S.Africa

Clipped to the Drawing Board by Susan Decker  
JOHANNESBURG (Reuters) - Germany's plans to phase out nuclear power plants and shut coal mines will increase its dependence on coal from South Africa , the head of a coal trading firm said on Wednesday.

So which way does the world go ??  Clean Coal Technology looks pretty attractive as part of a "balanced" supply approach

Friday 7 September, 2007 11:43 AM
 

Russia and Australia ink uranium deal

Clipped to the Drawing Board by Susan Decker  
PRIME Minister John Howard and President Vladimir Putin have signed a deal for Australia to sell uranium to Russia.

The two leaders signed the deal after talks in Mr Howard's Sydney office this morning.
Friday 7 September, 2007 10:14 AM
 

Argentina orders Shell to shut plant

Clipped to the Drawing Board by Ali Hamoud  

 Sometimes things just don't go well,  even if you are one of the biggest oil companies in the world

Royal Dutch Shell 's long-running battles with the government of Argentina intensified after the company was ordered to close a refinery for allegedly breaching environmental laws.

Friday 7 September, 2007 10:09 AM
 

New York oil price flirts with record as US energy reserves dive

Clipped to the Drawing Board by Ryan  
NEW YORK (AFP) - The price of oil in New York rose briefly above 77 dollars on Thursday, within reach of a record high , as reports of weaker US energy reserves heightened supply concerns.

The New York benchmark contract, light sweet crude for October delivery, rose 57 cents to close at 76.30 dollars a barrel after trading as high as 77.43 dollars.
Friday 7 September, 2007 09:48 AM
 
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