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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.


Argentinians irate over BHP's Falkland deal

 

 Lets hope that it does not end up in a "real" battle over the issue - a bit early to start getting the battle ships ready for action - tho the Argies did well in the Rugby World Cup

 Mining giant BHP Billiton says it has bought a 40 per cent interest in 14 offshore oil & gas licences near the Falkland Islands from British minnow Falkland Oil and Gas.

Thursday 4 October, 2007 04:07 AM
 

Innamincka's results fire share surge

 

 I don't know what they do - but with a name like that - who cares - just go, go, go

INNAMINCKA Petroleum sparked a huge stock market run yesterday with an announcement that it had an estimated 120 million barrels of oil in the Flax field in the Cooper/Eromanga Basin in the far north of South Australia.

 

Wednesday 3 October, 2007 10:02 AM
 

PetroChina to invest $1.3 bln in new energy by 2010

 

 

    BEIJING, Oct. 2 (Xinhua) -- PetroChina , the country's largest oil and gas producer, will invest 10 billion yuan (1.3 billion U.S. dollars) in building facilities for new energy production by 2010, a senior company official has said.

 

Tuesday 2 October, 2007 01:56 PM
 

Oil surges to fresh highs on storm threat

 

 hurry up and develope the alternatives - wait a minite,  they are already there - as the price of oil goes up - the alternatives start too look very attractive

 GLOBAL oil prices surged to fresh highs overnight as traders watched a new storm in the Gulf of Mexico, with Brent crude in London topping $US80 a barrel for the first time.

Saturday 29 September, 2007 10:28 AM
 

Rio gets nod to buy Alcan for $43b

 

 the numbers just keep getting bigger - put some in my back pocket

RIO TINTO shareholders have approved the miner's $43 billion takeover of the Canadian aluminium producer Alcan.

 

Saturday 29 September, 2007 10:25 AM
 

New coal port to lift exports by $1bn

 

 this is not one for the clean energy lobby

THE federal government has approved the building of a new coal terminal in Newcastle that it believes could boost coal exports by $1 billion.

 

Thursday 27 September, 2007 12:27 PM
 

Woodside sells Mauritanian assets

 

 move em around and get the assetts right  - buy a few - sell a few

WOODSIDE Petroleum's African portfolio is facing the chop after the oil and gas group decided to sell its troubled Mauritania assets.

 

Thursday 27 September, 2007 12:26 PM
 

Olympic Dam: big, not biggest

 

 so size does matter

THERE is no doubt Olympic Dam contains immense amounts of gold - and copper, uranium and silver - but despite updated figures released yesterday the South Australian mine still falls short of being crowned the world's largest gold deposit.
 

Thursday 27 September, 2007 12:24 PM
 

Wholly moly - a goer if price remains strong

 

 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 01:08 PM
 

BP shares fall after report of 'dreadful' results

 

 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 12:16 PM
 

Unlock the value

 

 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 02:17 PM
 

Gold rumours send BHP stock soaring

 

 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 01:55 PM
 

Shell and Saudis invest in US refinery

 
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 10:08 AM
 

Gas set to put on a spurt as contractors expand

 

 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 09:47 AM
 

Gold proves it's still a safe port

 

 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 12:52 PM
 

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

 
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 01:41 PM
 

World oil prices hit record high

 

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 01:10 PM
 

Coal-to-oil plant to start production next year

 

 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 12:13 PM
 

EPA backflip: $12b Rio mine to proceed

 

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 12:05 PM
 

$6.3bn gas pipeline to bypass Russia

 

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 12:51 PM
 

Is the $100 barrel on its way?

 
With oil prices rising amid tricky economic conditions, Sylvia Pfeifer wonders how much higher it can go
Sunday 16 September, 2007 12:47 PM
 
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"A good scientist is a person with original ideas. A good engineer is a person who makes a design that works with as few original ideas as possible" - Freeman Dyson