BHP Billiton raises stake in Carnarvon Basin
SYDNEY - Global mining and petroleum exploration giant BHP Billiton Limited and Cue Energy Resources have agreed to increase their stakes a petroleum exploration permit located in the Carnarvon Basin, Western Australia, formerly run by a subsidiary of Woodside Petroleum Limited, with BHP also taking up the operatorship. Cue Energy Resources and BHP Billiton Ltd. have increased their stakes in ...
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Mandelas anti-apartheid supporter shocked at seeing shell of himself icon in hospital
Ailing Nelson Mandela is 'a shell of himself', one of the anti-apartheid hero's oldest friends has said, after visiting the hospitalized former South African president. Ahmed Kathrada, who fought against the racist apartheid regime and spent years in prison with Mandela, said visiting the 94-year-old was traumatic. According to the New York Daily News, Kathrada added that meeting Mandela was an ...
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BP Request To Suspend Compensation Payments Turned Down
WASHINGTON - A US federal judge Friday turned down British energy major BP's request to suspend all payments related to the 2010 Gulf of Mexico oil spill while allegations of fraud in the multibillion-dollar claims payouts were being investigated. BP filed for the emergency preliminary injunction earlier this week, arguing that because two of three top lawyers involved in the Court Supervised ...
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LNG Signs On Stonepeak For Magnolia Project
PERTH - Australian listed company Liquefied Natural Gas (LNG) has entered into a term sheet with US-based investors Stonepeak Partners for the development of the Magnolia LNG project, in Louisiana. The term sheet, which is a non-binding agreement, would allow the two parties to enter into negotiations regarding the development of the Magnolia project, which would see Stonepeak provide the ...
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LNG Signs On Stonepeak For Magnolia Project
PERTH - Australian listed company Liquefied Natural Gas (LNG) has entered into a term sheet with US-based investors Stonepeak Partners for the development of the Magnolia LNG project, in Louisiana. The term sheet, which is a non-binding agreement, would allow the two parties to enter into negotiations regarding the development of the Magnolia project, which would see Stonepeak provide the ...
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Half Million Litres Of Oil Spill In Manila Bay
Half a million litres of diesel leaked into Manila Bay, the busiest waterway in Northern Philippines, raising environmental and health concerns, the media reported Friday. According to the Philippine Coast Guard, the spilled oil has spread to 12 coastal barangays in the province of Cavite and was continuing to spread, reports Xinhua. "There have been reports of people going to hospital due to ...
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Ecuador Abandons No-drilling In Rainforest Allows Oil Exploration
QUITO, Ecuador President Rafael Correa has given the go ahead for rich countries to begin drilling for oil in Ecuador's Amazon rainforest on Thursday, abandoning an ambitious 2007 plan he proposed to stop oil exploration in a pristine preserve. The collapse of the Yasuni ITT initiative is a major blow for activists who are trying to save one of the world's most biodiverse regions from ...
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Ecuador Abandons No-drilling In Rainforest Allows Oil Exploration
QUITO, Ecuador President Rafael Correa has given the go ahead for rich countries to begin drilling for oil in Ecuador's Amazon rainforest on Thursday, abandoning an ambitious 2007 plan he proposed to stop oil exploration in a pristine preserve. The collapse of the Yasuni ITT initiative is a major blow for activists who are trying to save one of the world's most biodiverse regions from ...
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