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.
Fortescue Metals Group Ltd chief Andrew Forrest is now feeling confident about reaching a deal over the Resources Super Profits Tax (RSPT) with the Australian Government.
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...
Tropical depression Alex is being viewed with some concern by both BP and the US Coast Guard as it moves into the southwestern gulf. Alex is likely to make BP’s clean up drive and oil collection efforts difficult in the Gulf of Mexico.
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.
According to the Australian Bureau of Agricultural and Resource Economics (ABARE), next financial year is going to be boom time for the miners. ABARE expects the mining and energy exports to come to about $170 billion in...
Tony Hayward, BP CEO was given a humiliating dressing down before an energy sub-committee investigating the Gulf of Mexico oil spill.
Renewed criticism for Barack Obama and his government in the handling of the oil spill crisis in the Gulf of Mexico has brought the US President for a 3 hour tour of the affected area. The Oil Spill was caused by the blowing up of a BP rented rig in the Gulf of Mexico.
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