Santos will spend $476 mln increasing coal seam gas
Santos will spend A$476 million to expand its coal seam gas assets in the Gunnedah basin in Australia’s New South Wales state. For full story, click here
Articles Tagged "basin"
Wyoming's Powder River Basin Coal is essential for energy future
Wyoming’s Powder River Basin coal will be an essential part of the nation’s energy future even as the country moves toward cleaner power sources. For full story, click here
Strike Oil will explore for Coal Seam Gas in Cooper Basin
Strike Oil declared that it will target coal seam gas in the Cooper Basin region after winning the first petroleum exploration licence granted under a native title land access agreement. For full story, click here
Coal Prices: Only Way Up
Upgrade season is on and for coal and things seem to be heating up. Coal prices appear to be at a bottom and credit markets are beginning to work again, which should provide a positive catalyst for the industry. Cancellations of mining projects stabilized in February as well. To add to the positive news, J.P. Morgan on Monday upgraded mining firms Joy Global (JOYG) and Bucyrus International Inc. (BUCY) to neutral from underweight.
Coal: Bullish On The Long Term
We are into the second half of the second month of 2009 and pressure on coal prices have not eased. While the long-term outlook in this sector remains strong, thanks to strong fundamentals, spot prices continue to be under pressure. The reasons are being cited as high utility coal inventories, lower demand for electricity and competition from natural gas.
Compliance energy signed Mou for selling Basin Coal Mine
Compliance Energy Corporation reported that it has recently signed a MOU the sale of 100% of the Company’s stake in the Basin Coal Mine. For full news, click here
