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Bering Exploration and Glaux Oil + Gas Enter Three-Year Exploration Agreement

Bering Exploration, Inc., (Pink Sheets: BERX) announced today that it has signed a three year exclusive exploration agreement with Glaux Oil & Gas, LLC for the development of numerous leads and prospects in approximately 500,000 gross acres in West Texas.

16 Feb 2011

Queiroz Galvao Oleo E Gas Announces New Name for Ultra-Deepwater Semisubmersible Rig

Queiroz Galvao Oleo e Gas, the largest privately-held drilling contractor and provider of drilling and production services in Brazil, today announced that it has named its newly-built, ultra-deepwater dynamically positioned semisubmersible rig, "The Alpha Star".

15 Feb 2011

Terrace Resources Signs LOI to Buy 87.5% Working Interest in Los Patos Gas Unit

The directors of Terrace Resources Inc. (TSX VENTURE:TZR.P) has announced that the Company has entered into a letter of intent dated January 31, 2011 to acquire an 87.5% working interest and 65.1875% net revenue interest in certain oil gas leases referred to as the "Los Patos Gas Unit" from Eagle Energy and Development Company, a private company incorporated in Texas which is at arm's length to Terrace.

5 Feb 2011

Mainland Resources, American Exploration Update on Merger Agreement

Mainland Resources, Inc. (OTCQB: MNLU, Frankfurt: 5MN) provides an update on the Merger Agreement between Mainland and American Exploration.

3 Feb 2011

Queensland Mining Exports Still Hampered by Adverse Weather

The coal mining industry in Australia is unlikely to return to full production any time soon with cyclones in North Queensland causing even more disruptions. The recent flooding in the state has resulted in the majority of coal mines operating at reduced capacity.

1 Feb 2011

Mainland Resources Reports Encouraging Results from Haynesville Shale Project in Mississippi

Mainland Resources, Inc. (OTCQB: MNLU, Frankfurt: 5MN) management has received positive results from the first series of core analyses performed on its Haynesville/Bossier Shale operating area in Jefferson County, Mississippi.

1 Feb 2011

Gulf Shores Resources Signs Arms Length Agreement with Crown Point Ventures

Gulf Shores Resources Ltd. (TSX VENTURE:GUL)(FRANKFURT:GFU) has entered into an arms length agreement with Crown Point Ventures Ltd. whereby the Company will purchase Crown Point's 47.5% interest in 2,328 acres of Petroleum & Natural Gas rights in the Wapella area of South-East Saskatchewan for a purchase price of CDN$280,000.

From Gulf Shores Resources Ltd. 29 Jan 2011

EQT Announces A 28% Increase In Proved Reserves To 5.2 Tcfe

EQT Corporation (NYSE: EQT) today reported year-end 2010 total natural gas proved reserves of 5,220 Bcfe.

28 Jan 2011

Brazil Looks to Reign in Foreign Mining Investment

In Brazil the government is looking forward to a larger share from mining profits. Brazilian President Dilma Rousseff said she hoped that the new legislation which seeks to limit foreign investment in the mining sector will be approved this year.

27 Jan 2011

Deloitte Says Australia Will Have Mineworker Shortage by 2020

The mining industry may face an acute shortage of manpower in the next few years as per a report from professional services organization Deloitte. The report said that the industry will need 58,000 more workers by 2020 to maintain the production levels that the industry has at present.

24 Jan 2011