With both China and the U.S. slowing down economically the price of oil has been sliding on a slippery path. As the two largest energy consuming countries curbed their demand for oil most people are not surprised at the ...
In a major breakthrough for the Australian government, Prime Minister Julia Gillard managed to reach an agreement with the mining industry. The 40% tax proposed by Mr. Kevin Rudd on all resources has been modified to a 3...
AGL Energy Ltd is hoping to purchase Mosaic Oil NL. AGL is Australia’s largest energy retailer and it has offered an AUD $123 million conditional cash bid to the local junior Mosaic Oil Ltd.
As a storm threatens the cleanup operation of the BP oil spill in the Gulf of Mexico, the boss of the Royal Dutch Shell Company Peter Voser, said that it was unlikely that deep water drilling would be given up by his com...
Russian energy company Gazprom has resumed normal gas supply to Belarus after it stated that the $200 million debt was almost paid off. The energy giant Gazprom had reduced the supply of gas by 60 percent in wake of the ...
BG Group Plc has received environmental approval for its proposed liquefied natural gas project in Queensland State on Friday. It is the second venture to secure permission. Four similar ventures are planned to convert c...
East Timor President Jose Ramos-Horta wants the Australian Government to convince the developers of the Greater Sunrise gas field to build a pipeline to East Timor.
According to Dr. Jose Ramos-Horta developing the Sun...
The Labor Party has a new leader and the mining industry is already gaining across the Australian stock market. With Prime Minister Kevin Rudd being ousted by Julia Gillard the proposed Resources Super Profits Tax on the...
Interior Secretary Ken Salazar said on Wednesday that he has plans to issue a new drilling freeze which might be refined to reflect the offshore conditions. He was speaking to a Senate subcommittee as he explained that the new order was still being developed.
With the Gulf of Mexico dominating U.S. news, now a federal court judge has overturned the ban on drilling imposed by President Obama after the oil spill. The explosion which triggered a massive oil spill in the month of April in the Gulf of Mexico caused Obama to put the six month moratorium in place.
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