Industry - Oil latest news

The Russian - British company TNK-BP, and Russia's Gazprom and LUKOIL will prospect oil fields in Venezuela.

Johannesburg (Platts) -- 23Jul2008 -- As more than 25,000 marchers -- three times the police estimates -- paralysed the streets of Johannesburg on Wednesday, South African precious metals producers were counting the cost of a major stayaway...

Hong Kong (Platts) -- 23Jul2008 -- Chinalco Daye Copper Plate & Strip will start up a 100,000 mt/year high precision copper plate and strip production line in China's Hubei province on August 28, a company official said Wednesday. ...

Hong Kong (Platts) -- 23Jul2008 -- Anglo-Australian resources giant BHP Billiton said Wednesday a new copper resource base close to its Minera Escondida mine in northern Chile is estimated to contain at least 1 billion mt of valuable resources. ...

U.S. Gulf of Mexico producers shut 5 percent of oil and natural gas production by Tuesday ahead of the first storm to menace energy production areas, but the shutdowns were expected to be short-lived even as ...

Alaska's House of Representatives has approved a company's plan to pursue a natural gas pipeline that could unlock 4.5 billion cubic feet of gas reserves a day.

Oz Minerals, the world's second-largest zinc mining company, armed with more A$1 billion in cash, may study buying back shares, prompting the biggest gain in the stock in 11 weeks. "With the shares at the current price, it's a...

The Mining Journal (July 22, 2008) - BHP Billiton, the world's biggest miner, reported strong quarterly production gains on July 22 led by copper and iron ore, but warned of a looming decline from the world's biggest copper mine.

Canadian Mining Journal (July 20, 2008) - Barrick Gold is taking steps to control the cost of energy inputs at its operations. Toronto-based Barrick has made an all-cash offer of $6 per share to acquire Cadence Energy of Calgary. The deal is worth $354 million.

A new study suggests the equivalent of 412 billion barrels of oil throughout the Arctic, most of it off the coast of Russia. That's more than twice the 173 billion barrels of oil thought to lie in Alberta's oilsands.