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Tuesday
9 February 2010
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   TODAY'S STORIES
 
OIL AND GAS 
InterOil gearing up to drill Antelope-2 lateral
(Friday, 5 February 2010)

INTEROIL is preparing to drill a horizontal extension at its Antelope-2 well in Papua New Guinea to test a zone of interest identified from preliminary log and test results.
Full Story...


MORE OIL AND GAS

PNG LNG on target, Exxon earnings down


Oil Search output could drop in 2010


AED preparing to spin drill bit after Brunei purchase approved


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MINING 
Vangold completes PNG asset buy
(Friday, 5 February 2010)

VANGOLD resources has brought its stake in the Feni Islands and Mt Penck projects in New Britain Province, Papua New Guinea, up to 100% under a deal with New Guinea Gold.
Full Story...


MORE MINING

Rusina to join with European Nickel


Costs down, output up for larger Allied


Golden quarter for Newcrest


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MARKET WATCH 
Commodities in the doldrums
(Friday, 5 February 2010)

OIL prices took a nose dive this week on jitters over European debt levels and ongoing concerns about the US economy.
Full Story...


MORE MARKET WATCH

InterOil gearing up to drill Antelope-2 lateral


PNG LNG on target, Exxon earnings down


Vangold completes PNG asset buy


VIEW ALL STORIES

PROJECT WATCH 
Xstrata, Highlands Pacific upgrade Frieda River
(Friday, 22 January 2010)

COPPER, gold and silver resources have been upped at the Frieda River project, an Xstrata Copper and Highlands Pacific joint venture in Papua New Guinea.
Full Story...


REGIONAL WATCH 
Rusina to join with European Nickel
(Friday, 5 February 2010)

RUSINA Mining has signed a binding merger implementation agreement with its Acoje joint venture partner European Nickel to consolidate the companies’ assets and become a mid-tier nickel producer.
Full Story...


MORE REGIONAL WATCH

Golden quarter for Newcrest


AED preparing to spin drill bit after Brunei purchase approved


BHP lured back to Philippines


VIEW ALL STORIES



 


Commodities in the doldrums
(Friday, 5 February 2010)

OIL prices took a nose dive this week on jitters over European debt levels and ongoing concerns about the US economy.
Full Story...


InterOil gearing up to drill Antelope-2 lateral
(Friday, 5 February 2010)

INTEROIL is preparing to drill a horizontal extension at its Antelope-2 well in Papua New Guinea to test a zone of interest identified from preliminary log and test results.
Full Story...


PNG LNG on target, Exxon earnings down
(Friday, 5 February 2010)

EXXONMOBIL remains confident of completing all remaining sales and finance activities for its Papua New Guinea liquefied natural gas project in the first quarter of 2010.
Full Story...

Vangold completes PNG asset buy
(Friday, 5 February 2010)

VANGOLD resources has brought its stake in the Feni Islands and Mt Penck projects in New Britain Province, Papua New Guinea, up to 100% under a deal with New Guinea Gold.
Full Story...


Rusina to join with European Nickel
(Friday, 5 February 2010)

RUSINA Mining has signed a binding merger implementation agreement with its Acoje joint venture partner European Nickel to consolidate the companies’ assets and become a mid-tier nickel producer.
Full Story...


Commodities continue slide
(Friday, 29 January 2010)

OIL continued to slip this week on ongoing concern about the world economy and its impact on energy demand.
Full Story...


Costs down, output up for larger Allied
(Friday, 29 January 2010)

ALLIED Gold boosted gold production at Simberi Island by 24% and reduced cash costs by 11% in the December quarter, while the company completed a listing on the Toronto Stock Exchange following the acquisition of Australian Solomons Gold.
Full Story...


Golden quarter for Newcrest
(Friday, 29 January 2010)

NEWCREST Mining has revealed a 17% quarter-on-quarter increase in gold production for December 2009 and has reiterated its gold production guidance for 2010.
Full Story...


Oil Search output could drop in 2010
(Friday, 29 January 2010)

OIL Search expects its 2010 production to be about 10% lower than in 2009 due to natural decline and changes in its oil field management approach to conserve gas.
Full Story...


AED preparing to spin drill bit after Brunei purchase approved
(Friday, 29 January 2010)

AED Oil has been given the all clear from PetroleumBrunei to progress its 100% acquisition of Nations Petroleum Company and its prospective assets in Brunei.
Full Story...


Oil, metals down
(Friday, 22 January 2010)

WEAK energy demand continues to weigh down oil prices with the US Energy Information Administration reporting a 1.8% drop in refinery activity to its lowest level in at least 20 years, barring occasional periods of hurricane-related refinery outages.
Full Story...


Xstrata, Highlands Pacific upgrade Frieda River
(Friday, 22 January 2010)

COPPER, gold and silver resources have been upped at the Frieda River project, an Xstrata Copper and Highlands Pacific joint venture in Papua New Guinea.
Full Story...


Lihir hits million ounce milestone
(Friday, 22 January 2010)

LIHIR Gold boosted December quarter production by 19%, breaking its fourth consecutive record for annual gold output and becoming a million ounce producer.
Full Story...


Oil Search spins PNG drill bit
(Friday, 22 January 2010)

OIL Search has begun drilling a well in PPL 219, Papua New Guinea, targeting a seismically defined conventional area analogous to the producing SE Gobe oil field.
Full Story...


BHP lured back to Philippines
(Friday, 22 January 2010)

OTTO Energy has re-entered a seismic and farm-in agreement option with BHP Billiton Petroleum for SC55 in the offshore Palawan Basin, Philippines.
Full Story...


Drilling boosts Simberi expansion plans
(Friday, 22 January 2010)

ALLIED Gold says the latest drilling results from the Pigiput deposit at its Simberi gold mine in Papua New Guinea ensure the expansion of the mine is on track.
Full Story...





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