mineral exploration project – commodity prices – mining stock- trade and market

As BP readied its latest fallback plan to stop oil gushing from one of its wells in the Gulf of Mexico, the Obama administration and the company warned that the crude could continue flowing until August, compounding threats to coastal wetlands, fisheries and beaches.

White House energy and climate adviser Carol Browner declared Sunday that the oil spill was “probably the biggest environmental disaster we’ve ever faced in this country” and said that “we are prepared for the worst.” On the CBS show “Face the Nation,” she said that the “American...

Two recent reports suggest that the alternative fuel of choice over the next 20 to 30 years won’t be nuclear, coal, oil, wind or solar – but rather,
natural gas.

A recent article in the Wall Street Journal highlighted the fact that, even before the recent discovery of very large so-called “unconventional” reserves not easily recovered, natural gas had a number of clear advantages compared to other sources of energy.

First, compared to other carbon-based fuels such as oil, natural gas produces half the CO2, has none of the waste disposal problems associated with nuclear,...

Crude oil fell for a third day after a report showed service industries in the U.S. unexpectedly contracted in November, raising concern fuel demand may be slow to recover from the worst recession since World War II.

Oil headed for a second weekly decline after the Institute for Supply Management’s index of non-manufacturing businesses that make up almost 90 percent of the economy slipped to 48.7 from 50.6 in October, the Tempe, Arizona-based group said yesterday. A Labor Department report today will probably show the U.S. economy lost jobs in November.

The Petroleum Ministry has sought oil bonds worth Rs 11,853 crore for state-run fuel retailers to make up for the losses they incurred on selling domestic LPG and kerosene below cost during the first half of the current fiscal.

Angola Thursday signed a letter of intent with Ecuador to explore and produce oil and gas in the Latin American nation, Ecuador’s Oil Ministry said in a statement late Thursday.

Emirates National Oil Co., Dubai’s government-run refiner, offered to buy the rest of Dragon Oil Plc for about 1.1 billion pounds ($1.8 billion) to tap deposits in Turkmenistan and make up for dwindling supplies and meet rising demand at home.

Crude output in Russia, the world’s largest oil producer, grew 1.8 percent in October from a year earlier after OAO Rosneft began production at a field in northern Siberia.

Encore Denbury has agreed and will make acquisitions to create the oil companies and the largest natural gas in North America. Denbury gave a statement to pay $ 2.64 billion in cash and stock for the Encore.