SEC target Budd says he has no money

Stockwatch reports The U.S. Securities and Exchange Commission targets Jay Budd.
The SEC launched the case on Sept. 1, 2009, when it filed a civil complaint against Mr. Briner and Mr. Budd in the Southern District of New York. The complaint identified Mr. Budd as the president of Golden Apple and Mr. Briner as a legal [...]

New Canadian CSR Ready by Q4 of 2010

New Canada corporate social responsibility counsellor for the mining, oil and gas sectors has been announced.  Marketa Evans will be holding the position and handle the first bouts of complaints about Canadian firm’s activities abroad by the Q4 of 2010.
Marketa Evans is quoted saying:
“It’s a voluntary process, so we need to do the best we [...]

Companies See Two-Tier World Gas Market til 2014

Oil and energy companies said that there will be an overage of gas supplies until 2014.  There was a decrease in demand for gas due to the financial and economic crisis in 2008 so gas prices have collapsed.
Jean-Jacques Mosconi, head of strategy for Total SA (TOTF.PA) is quoted saying:
“Gas faces a bubble — especially in [...]

BHP Billiton to Drill Gas in South Africa

BHP Billiton (BHP.AX)(BLT.L), world’s largest mining company, is planning to drill for gas in South Africa’s West Coast.  This project will pursue once they get their permits by August 2010.
David van der Spuy, a resource evaluation manager at Petroleum Agency SA is quoted saying:
“BHP Billiton holds the area on sub-lease under the previous legislation and [...]

Baluchistan Critical than Afghanistan

Pakistan’s biggest province, Baluchistan does not usually get in the news because of the attention given to Afghanistan. However, little known to many, the region is rich in gas and oil. This is after China invested in the area to build a deep water port at Gwadar on the Arabian Sea to give it access [...]

Otway Basin and Gippsland Oil and Gas Exploration Locations Released

Brumby Labor Government has announced the new areas for oil and gas exploration in Victoria. Peter Batchelor confirmed that five onshore areas in the Gippsland Basin is now included as well as two onshore areas and one offshore area in the Otway Basin.
Energy and Resources Minister Peter Batchelor is quoted saying:

“We are committed to creating [...]

Gas Prices Surge to Almost $3 in Rhode Island

The oil price has reached $78.51 per barrel in New York Mercantile Exchange trading this Monday. This is by far the biggest gain in seven months. This translates to $2.97 per gallon which is up 2 cents from the previous week.
According to the survey conducted by AAA, “Prices also rose in Massachusetts. The AAA survey [...]

4Energy Invest Sees 10 Percent Sales Increase

Belgian bio-coal maker 4Energy Invest reports increase in sales of ten percent by the third quarter of 2010 and will continue to increase up to ten times by 2014 due to surge in demand for the CO2-neutral fuel.
“Turnover we should reach it multiplied by ten (within three to four years). What we have done is [...]

Oil Spill Increases Urgency

Local fishermen and charter boat captains are affected by the oil spill in Gulf Mexico as fishing areas were closed by the east of the Mississippi River as a precautionary measure. A drilling rig is being made by oil engineers to reduce the oil spill in the Gulf of Mexico. The relief well is to [...]

Carrizo Oil & Gas, Inc. Financial Results Conference Call Schedule for first Quarter 2010

Carrizo Oil & Gas, Inc. conference call on Thursday, May 6, 2010 at 10:AM CDT tackles on the first quarter financial report before details will be open to the market. Webcast of the call is also available on their website on the said date.