Egypt unrest may push oil above $110: Kuwait official

Global oil prices could exceed $110 a barrel if political unrest in Egypt continues, a member of Kuwait’s Supreme Petroleum Council said on Sunday. Oil prices have spiked due to tension in Egypt. Brent crude hit $100 per barrel for the first time since 2008 on fears instability could spread through the Middle East, which together with North Africa... 

Essex Provides Update on Creditor’s Attempt to Pursue Repayment of Loan

ESSEX OIL LTD.announced on January 14, 2011 that Randsburg International Gold Corp. (“Randsburg”) had initiated steps to appoint Wm. Andrew Campbell as a privately-appointed receiver over the assets of Essex pursuant to a general security agreement granted to Randsburg. Essex had received a letter from Mr. Campbell advising that he had been... 

New and Existing Shell $aver Card Holders Can Now Save Even More!

Now, all motorists can save even more on fuel with two Shell $aver Card(SM) offers. New cardholders will be rewarded for activating now with savings of 10 cents per gallon through April 30, 2011. Meanwhile, all cardholders will have a chance to save 22 cents per gallon throughout the year as part of a special racing promotion — “WINsdays... 

Chevron profit climbs, but reserves data weigh

Chevron Corp’s 72 percent rise in quarterly profit easily beat Wall Street forecasts, but anemic growth in its oil reserves disappointed investors and its shares fell 1.5 percent. Like smaller rivals ConocoPhillips and Occidental Petroleum Corp, earnings at the second-largest U.S. oil company were lifted by the strength of oil prices. But Chevron... 

Environmental Quality Management, Inc. and Beacon Energy Holdings, Inc. Enter Into Definitive Merger Agreement

Environmental Quality Management, Inc. a Cincinnati, OH-based leading provider of environmental services, and Beacon Energy Holdings, Inc. – OTC: BCOE.PK (“Beacon”), a Cleburne, TX-based leading producer of biodiesel fuel, announced today that they have entered into a definitive merger agreement. In accordance with the merger agreement, at... 

Equal Energy Announces $45 Million Public Offering of Convertible Unsecured Junior Subordinated Debentures

Equal Energy is pleased to announce that it has entered into an agreement with a syndicate of underwriters (the “Underwriters”) pursuant to which the Underwriters have agreed to purchase, on a bought deal basis, subject to regulatory approval, $45,000,000 aggregate principal amount of convertible unsecured junior subordinated debentures... 

Enhanced Oil Resources Inc. Provides 2011 Activity Update

Enhanced Oil Resources Inc. is pleased to provide the following update regarding the Company’s proposed activity for 2011. The Company had previously announced on December 22nd 2010 that it had completed a $25 Million bank credit facility with Regions Bank. The credit facility capped a year where the Company produced four straight quarters of... 

El Maniel International, Inc. Receives Gold Buyer’s License for Gold Initiatives Expansion

El Maniel International Inc. announces today that its gold trading subsidiary, EMLL Mining Limited has received its Gold Buyer’s License as issued by the Precious Minerals Marketing Company Limited (PMMC). PMMC is responsible for the purchase and marketing of the precious minerals with head offices located in the Diamond House building in Accra... 

Iran joins Venezuela, Libya to say no harm in $100 oil

OPEC’s leading oil price hawk Iran joined Venezuela and Libya on Sunday to say it saw no need for the cartel to consider raising crude supplies to rein in crude prices now near $100 a barrel. Iranian Oil Minister Massoud Mirkazemi said some members of the Organization of the Petroleum Exporting Countries saw no need for producers to act even if... 

Essex Creditor Pursues Repayment of Loan

ESSEX OIL LTD. announced on November 8, 2010 that it had received a demand for repayment of a loan of $125,000 plus accrued interest of $32,272 and a Notice of Intention to Enforce Security pursuant to the Bankruptcy and Insolvency Act (Canada) from Randsburg International Gold Corp. (“Randsburg”). Since that time, Essex has been involved...