It’s a stark reminder that big changes in energy policy are on the way.
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Mining, Drilling and Discovery
The action, process or good fortune of discovery or discovering oil, gas or mining deposits. Disclaimer : this page is not intended for any specific nationality or jurisdiction. It is also not intended to solicit clients from any specific jurisdiction including the Republic of Mauritius inter alia.
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It’s a stark reminder that big changes in energy policy are on the way.
'Gone is the Obama White House’s page on climate change, which is now archived here for posterity (along with virtually everything else from the Obama-era website). That page had talked about how global warming was a serious threat to future generations, optimistically touted America’s ability to tackle the problem, and listed dozens of actions the Obama administration has taken to reduce carbon dioxide emissions:'
Years of underinvestment in top producer South Africa affecting supply.
'On Friday, the palladium price continued its strong run with Nymex contracts jumping 5% to $794 an ounce, bringing gains for the precious metal so far in January to 18% or more than some $120 an ounce. Sister metal platinum has also gained year-to-date, exchanging hands for $980 an ounce on Friday.'
WACO — Four people were injured while trying to weld a drill shaft at a location east of Russellville in the Waco community, officials said.
'Authorities said there was a four-man crew working to drill the well and three of them had to be flown to a hospital. Medical personnel at the scene said the three men were suffering from burns to their face but none appeared to be life-threatening.'
ELKO – A common bumper sticker seen in Elko states, “If it isn’t grown, it has to be mined.” This phrase, most commonly seen on the back of a vehicle,
'A common bumper sticker seen in Elko states, “If it isn’t grown, it has to be mined.” This phrase, most commonly seen on the back of a vehicle, is quite true, according to the mining industry.'
To hear Catherine McLeod-Seltzer describe it, you would think she was destined at an early age to become a successful mining company executive.
'McLeod-Seltzer is now the chair of Bear Creek Mining, an international company based in Peru, and was in Sudbury, Ont. in January to give a talk at Laurentian University's Goodman School of Mines along with Eira Thomas, the founder and Director of Lucara Diamond Corporation.'
Drillers will have to begin pouring cash back into oil fields around the world by the end of the year to prevent a global oil-production shortage in coming years, the CEO of Schlumberger said Frida…
'That’s why the world’s top oil field services company is gearing up for a global recovery in oil and gas drilling. In a bid for higher service prices, the company recently began renegotiating contracts for hydraulic fracturing and directional drilling technology in the United States, one of the first signs of a new investment cycle in the oil industry.'
New China-Mongolia agreement doubles the rate shifts much of China’s coal production to Mongolia .
'Mongolia recently reached a new deal to sell coal to China, helping it boost its faltering economy and start repaying billions of dollars it owes Wall Street lenders.'
Indonesia will not negotiate with Freeport McMoRan Inc on new rules requiring its local unit to convert its 'contracts of work' to a new 'special mining permit' in order to resume copper concentrate exports, a mining ministry official said on Saturday.
'Indonesia will not negotiate with Freeport McMoRan Inc on new rules requiring its local unit to convert its 'contracts of work' to a new 'special mining permit' in order to resume copper concentrate exports, a mining ministry official said on Saturday.'
HOUSTON -- Halliburton has signed a contract with Shell Iraq Petroleum Development to provide drilling services for sustained production at Shell’s Majnoon oil field in Southern Iraq.
'Under the contract, Halliburton will mobilize three rigs to drill development wells and carry out workover activities over the next two years.'
In 2016, the state asked companies that had halted mining -- in the Madia Gond village of Surjagad -- for fear of naxal attacks to resume work.
'This year, there was disquiet among the 1,000 Adivasis who had congregated here from 70 neighbouring villages. As they sat huddled around festive bonfires, they discussed the big push being given to mining activity in the region by government of India's richest state by state gross domestic product.'
New legislation was filed in the first week of the congressional session to unlock a portion of the Arctic National Wildlife Refuge (ANWR) to oil and gas development.
'The bill calls for development of a sliver of land on the top of ANWR, called the 1002 area. Although ANWR is a total of 19 million acres, the bill is said to be written so only 2,000 surface acres of land in the Arctic coastal region of the refuge could open up to oil drilling.'
A move to prevent oil and gas drilling on about 40,000 acres of Bridger-Teton National Forest land in western Wyoming is nearing final approval.
'Criticism from conservation groups and others prompted Congress to ban drilling on 1.2 million acres of federal land in the forest in 2009. However, the 40,000 acres in the Wyoming Range remained open to development and a separate process was initiated on whether to permit drilling in that area.'
'The joint ventures will include Nabors’ existing Saudi onshore and Rowan’s existing offshore operations. The companies did not provide financial terms for the partnerships, but said they will ultimately invest $6 billion to $7 billion to buy drilling rigs made in Saudi Arabia.'
Gold production from the Tropicana mine, in Western Australia, is expected to improve considerably next year, when gold streaming is reintroduced.
Gold major AngloGold Ashanti and its joint venture (JV) partner Independence Group reported on Thursday that the mine would produce at a rate of between 450 000 oz/y and 490 000 oz/y from the second half of 2017.
WA Premier Colin Barnett urges Rio Tinto and BHP Billiton to embrace a Government offer to remove a production rental fee on iron ore in exchange for an upfront cash payment.
'While the mining tax proposal put forward by Nationals leader Brendon Grylls has been widely criticised, Mr Barnett conceded it had gained some public support.'
It won't start work until 2020, but it will allow ConocoPhillips to access the Fiord West field.
'ConocoPhillips has drilled exploration wells at Fiord West, but is not ready to provide details on how much additional oil the field will add to the trans-Alaska pipeline, said Natalie Lowman, communications director for ConocoPhillips Alaska.'
Capital Drilling Ltd (LON:CAPD) - The addition of Acacia Mining Kenya to Capital Drilling's client roster is a useful pointer to further growth
'However chief executive Mark Parsons cautioned that in spite of the new contract win guidance would remain unchanged, as the new revenue will be offset by a slowdown in work in Mauritania, where industrial action has hampered operations.'
'Akwasiso lies on the Nkran shear corridor which hosts the AGM's main pit, Nkran, as well as the Nkran Extension and Dynamite Hill satellite deposits (see map in Appendix 1). A 10,000m drilling program has been undertaken to validate the geology and grade continuity of at surface mineralized oxide zones defined by a previous operator. In addition to confirming this historical work, significant mineralization has now been discovered below and on the western flank of the previous drilling.'
Number of rigs searching for oil and gas in U.S. was down by 2 from the previous week to 506.
'Rigs engaged in exploration and production in the U.S. totaled 506 for the week ended Sep 16, 2016. This was down by 2 from the previous week’s rig count and represents just the second time the tally did not rise since Jun. Rig counts have generally been increasing during the last three months since plunging to an all-time low of 404 in May, with the addition of a flood of new units.'
Cambodia has issued the first industrial mining licence under its new regulatory framework, signalling the the final step for India-based Mesco Gold to bring its Phum Syarung gold mine into production.
The permit covers 12 km2 of the Phum Syarung mine, on which Canadian explorer Angkor Gold holds a sliding scale 2% to 7.5% net smelter return. Angkor discovered the deposit in 2011, and Mesco submitted the mining application in January 2014.
From utopian dreams to Chinese ‘domination’: the strange evolution of bitcoin, the world’s leading digital currency.
'Inside a metal shed in the Tibetan highlands of western China, thousands of microprocessors flank narrow corridors, generating a constant hum and stifling waves of heat.'
U.S. Deepwater Offshore Drilling Changes Drastically Sept. 12, 2016 - a government killshot for oil and gas drilling on U.S. outer continental shelf (OCS).
'In July an agency under the executive branch of the U.S. government delivered what might be a killshot for a portion of the leaseholders and operators working to extract oil and natural gas from the deepwater U.S. outer continental shelf (OCS).'
Godfrey Oliphant, says the South African mining industry's past mistakes will not flow into the next 100 years of mining history.
'In a no holds barred address in the second day of the three day Paydirt 2016 Africa Down Under mining conference in Perth, Oliphant, says South Africa has a century old mining history and on all evidence to date, has at least another 100 years of discovery, exploration and mining.'
Oklahoma earthquake: The temblor that struck over Labor Day weekend raises fresh questions about the link between earthquakes and oil and gas production.