Category Archives: Mining

BSEE performs 1st surprise oil spill drill

Posted on January 2, 2012 by Editor

After its rearrangement, The Bureau of Safety and Environmental Enforcement (BSEE) has performed its first surprise oil spill drill. The aim of this drill was to examine an operator’s capability to manage subsea well handle scenario. The exercise was jointly … Continue reading →

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An income gusher in the energy patch

Posted on November 27, 2011 by Editor

MoneyShow.com Seadrill (SDRL-N31.14-0.17-0.54%) is the second-largest offshore driller, with the second-largest ultra-deep-water fleet. It operates the world over with 46 rigs, and its clients include most of the oil and gas exploration heavyweights, like Exxon Mobil (XOM-N73.90-0.68-0.91%), ConocoPhillips (COP-N66.14-0.79-1.18%), the … Continue reading →

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Oil headed for the longest run of weekly gains since April 2009

Posted on November 15, 2011 by Editor

By Grant Smith Oil headed for the longest run of weekly gains since April 2009, on speculation that signs of U.S. economic growth and Europe’s steps to contain its debt crisis will support fuel demand. Crude climbed as much as … Continue reading →

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Oil Riches Pile on China Doorstep as Clashes Delay Drilling

Posted on November 15, 2011 by Editor

Nov. 11 (Bloomberg) — To China, the world’s biggest energy consumer, another Saudi Arabia of oil may lie beneath the ocean to its south. Escalating regional tensions mean large-scale drilling may be slipping further into the future. The South China … Continue reading →

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ArcelorMittal set to exceed Liberia 2011 iron ore

Posted on November 13, 2011 by Editor

ArcelorMittal, the world’s top steel maker, is on track to produce between 1.2 million and 1.3 million tonnes of iron ore from its Liberia mine in 2011, exceeding a 1-million-tonne target, and does not expect a decline in prices to … Continue reading →

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