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Statoil Agrees to Sell 40% Interest in Canadian Oil Sands Project to PTT Exploration

Statoil (OSE: STL, NYSE: STO) has agreed to sell a 40% interest in its oil sands project in Alberta, Canada to PTT Exploration and Production of Thailand.

23 Nov 2010

RPT Resources Signs Letter of Intent with ArPetrol

RPT Resources Ltd. (TSX VENTURE:RPT) has announced that, following a period of negotiations, it has entered into a letter of intent dated as of November 19, 2010 which contemplates an arm's length business combination with ArPetrol Inc.

23 Nov 2010

Northern Offshore Receives Termination Program Notice from Vietgazprom

Northern Offshore, Ltd. (Oslo Bors: NOF.OL) reported today that the company received notice from Vietgazprom that they will not proceed with the fifth and final well of the five-well drilling program offshore Vietnam.

22 Nov 2010

Australia Moves into Biggest Ever Mining Boom

The federal treasurer Wayne Swan predicted that Australia would move into its biggest mining boom phase in October, possibly the largest since the 1850s.

21 Nov 2010

Growing Concern from Europe on Future Supply of Raw Materials

The European Union is seeing the shortage of raw materials as a major risk for the global economy as demand begins to exceed supply. European Union trade chief Karel De Gucht said that no country possessed all the raw materials that it needed.

21 Nov 2010

FEI Releases New Website to Focus on Mining and Oil+Gas Industries

FEI Company (Nasdaq:FEIC), has launched a website for natural resources as part of an increased focus on the mining and oil & gas industries.

15 Nov 2010

Dubai Looks to a Cleaner Energy Future

Dubai is looking forward to new energy options such as clean coal and nuclear power. Currently the Middle East nation generates almost all of its energy by burning natural gas. It hopes to generate 20% from clean coal and another 20% from nuclear energy in the future.

14 Nov 2010