Palangkaraya Post News

India plans to offer more than 70 oil and gas exploration blocks in the seventh round of its New Exploration Licensing Policy (NELP), the largest number of blocks offered in a single round, a senior official said on Wednesday.

 

The seventh round could be launched as early as next month, said Malcolm Lall, an advisor at India‘s state-owned Directorate General of Hydrocarbons. “We will have more than 70 blocks altogether. We try to have one round every year,” Lall told Reuters on the sidelines of the 12th Asia Upstream conference. Read the rest of this entry →

NEW YORK: Crude oil jumped close to $60 a barrel in New York on Thursday after Occidental Petroleum said that it had to shut its Elk Hills production field in California.

There is no time frame for resuming production at the field, which normally has output of 120,000 barrels of oil equivalent a day. About 95 percent of output is closed, said an Occidental spokeswoman, Susie Geiger.

Occidental has called a force majeure, which is a provision declared when an event beyond a company’s control prevents it from meeting its contract obligations. Read the rest of this entry →

The role of state-controlled oil companies in the world’s energy spectrum is among the topics on tap this week for one of the premier annual gatherings of key industry players.

The Houston conference known as CERAWeek, which incorporates the acronym for host Cambridge Energy Research Associates, attracts CEOs, sheiks, professors, analysts and energy decision makers.

It also comes less than a month after President Bush, in his State of the Union address, set a national goal of reducing U.S. dependence on Middle East oil imports by two-thirds in the next 20 years. Read the rest of this entry →

Mike Petrina has joined ADANAC MOLYBDENUM CORP. of Vancouver as its general manager of the Ruby Creek moly project near Atlin, B.C.

AMEC has appointed Dr. Michael Davies to head its Mining Sector for global earth and environmental operations. He will be based in Vancouver.

CENTURY MINING of Blaine, Washington, has hired Bill Dodds as general manager of its Sigma and Lamaque gold mine in Val d’Or, Quebec. Read the rest of this entry →

Possible mineral production by Goodrich Petroleum Corporation could yield financial benefits to Angelina and Nacogdoches counties, but some people say it might come at a cost to the environment.

“The oil and gas development in Angelina County will certainly provide substantial economic benefits to many in the area as well as to the county, schools and other taxing jurisdictions,” environmental lawyer John D. Stover of Lufkin said in an e-mail interview in response to Goodrich’s announcement that it intends to procure drilling rights on 16,800 acres along the Angelina River watershed. Read the rest of this entry →

TORONTO, ONTARIO.- The Canadian GlobeStar Mining Corporation has announced the new discovery of nickel bearing laterites at Loma Mala in the Dominican Republic.

According to a press release dated 9 February, Loma Mala has previously never been drilled and is located 1.5 kilometres southwest of GlobeStar’s Cumpie Hill nickel laterite discovery and less than 8.5 kilometres from Xstrata’s Falcondo nickel smelter in the central part of the country. Read the rest of this entry →