The Australian Treasurer Wayne Swan spoke to the Queensland Media Club and told them that there would be no rivers of gold from the mining industry in the upcoming budget.
The provincial government of Alberta said on Tuesday that it intended to set up new environmental standards. As part of the measures conservation areas in lower Athabasca will be increased to 22%.
GeoGlobal Resources executes the International Operating Agreement connecting to the offshore Israel license known as 388 "Samuel".
The opposition leader Barry O’Farrell’s plan for a National Park near Sydney is unlikely to happen as it will affect a number of mining permits. O’Farrell has been treating the proposed park in the Dharawal State Conservative Area as his environmental platform for the elections. However previously unpublicized BHP Billiton mining licenses in the Dharawal State Conservation Area region have made the plan a legal nightmare.
Oil and gas exploring company Great South Land Minerals (GSLM) is in court hoping that the state government of Tasmania will return the mining titles that it was stripped off. The GSLM titles are supposed to be offered to other interested parties by the state government pending the decision of the Tasmanian Mining Tribunal.
A cyclone of the north west mining coast of Australia has brought damage to homes and closure to offshore oil rigs. Ports handling iron ore exports have also been forced to shut down as per officials. The tropical cyclone Carlos measured two on a five point scale.
Ultra Petroleum Corp. (NYSE: UPL) today reported 4.4 trillion cubic feet equivalent of total proved crude oil and natural gas reserves for the year-ended December 31, 2010.
Canadian listed, New Zealand oil and gas producer TAG Oil Ltd. (TSX-V: TAO), reports that the Company is now commencing an aggressive drilling campaign targeting the shallow formations at the 100%-controlled Cheal oil and gas field.
First half year profits of BHP Billiton took a record leap of a 71 % to reach a profit of $10.6 billion of which $10 billion will be returned to shareholders. Reuter’s analysts had predicted a profit of $10.3 billion for the same period and they were also surpassed.
Oil company Atlantic Richfield Co. (ARCO) has to pay damages worth $6.75 million in a settlement for natural resource damages to federal, state and tribal governments. The activities of the company owned by BP Plc., caused pollution in north Idaho’s Silver Valley.
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