News - 16 Aug 2010
Colombia is watching its foreign mining and oil investments boom as security gains and capitalist friendly investment rules come in to play.
The third largest oil producing nation in South America...
News - 12 Aug 2010
Yet another pre-election promise involves setting up a single national regulatory body for the oil and gas industry as per Resources Minister Martin Ferguson.
The single national body would be...
News - 11 Aug 2010
The ruling political party in South Africa, the African National Congress (ANC) is seeking more state control of mining.
Its main decision making body the National Executive Committee or NEC wants...
News - 4 Aug 2010
Another effort to finally plug the oil leak in the Gulf of Mexico is being made by BP at its Macondo prospect. This time the company is pumping heavy drilling mud in an attempt to plug the ruptured...
News - 3 Aug 2010
Bandanna Energy Limited (ASX:BND) has stepped up its drilling activity with the addition of a sixth drill rig. Three rigs are now currently drilling in Bandanna's Golden Triangle area and three,...
News - 26 Jul 2010
Tony Hayward the Chief Executive of BP is set to be replaced by Robert Dudley. The disaster of the oil spill in the Gulf of Mexico seems to be claiming more than just sea and plant life.
News - 25 Jul 2010
Woodside Petroleum's production is being affected by the cost of maintenance related closures and asset sales. The oil and gas company has recorded a drop in its second quarter production levels...
News - 22 Jul 2010
Other big oil companies have taken a lesson from the BP's Gulf of Mexico well explosion and subsequent oil spill.
In a bid to improve the image of the industry after the largest environmental...
News - 22 Jul 2010
Shears Minerals (TSXV:SRM) is buying a diamond mine in Nunavut. The Alberta-based exploration company is hoping to pick up the Jericho mine which happens to be Nunavut’s only diamond mine....
News - 20 Jul 2010
BP officials must be heaving a sigh of relief for the first time since April as the new cap on the oil leak seems to be holding, and the gush of oil into the Gulf of Mexico now appears to be...