Glen Rose Petroleum Corporation (Nasdaq:GLRP - News), Dallas, Texas, reports that on January 7, 2010, it was notified via letter from NASDAQ that it was in violation of NASDAQ Marketplace Rule 5505 in that its bid price was below the required listing standard and that its securities will be delisted from NASDAQ on January 18, [...]
LONDON, Ky.–(BUSINESS WIRE)–Kentucky USA Energy, Inc. (OTCBB: KYUS - News), a natural gas exploration and production company announced today an update on the Company’s drilling operation on its leasehold property in the New Albany Shale in western Kentucky. The Company’s drilling contractor mobilized its rig to the Company’s next drilling location, Jimmy Jackson #1, spudded-in, [...]
With oil prices at a six-month high and gasoline prices not far behind, energy traders are pointing a finger at rising violence in Nigeria’s ethnically driven civil war.
A wave of attacks on oil wells, platforms and pipelines by rebels in Nigeria’s Niger Delta has left the country’s output at about half its maximum level of [...]
MOSCOW — As energy markets shrink, the same tactics that the Kremlin used to build Gazprom, the giant energy company, into a fearsome economic and political power that could restore Russian influence in the world are now backfiring, slashing both its profits and its influence.
Throughout his eight years as president of Russia, Vladimir V. Putin [...]
By CHRIS KAHN
NEW YORK (AP) — Rapidly climbing energy prices stalled this week as a steady stream of dismal financial news suggested that even if the global economy has bottomed out, it will be some time before demand for crude rebounds.
Benchmark crude for June delivery dropped $2.28 to settle at $56.34 a barrel on the [...]
by Tim Stephure, Analyst, Emerging Energy Research
Tapping a long, successful track record and a growing urgency to increase renewables generation worldwide, geothermal project activity is escalating significantly after relatively slow growth over the past two decades. Attractive for its unique combination of baseload power, cost-competitiveness and zero-emissions, geothermal power is gaining increased attention [...]
WASHINGTON D.C.: President Barack Obama’s budget plan could have a major effect on oil and gas companies, cutting back on tax breaks and royalty relief for the industry.
The budget proposal will use a new excise tax on offshore oil and gas production in the Gulf of Mexico to close what the administration termed “loopholes that [...]
BY DAVID FALCHEK
STAFF WRITER
With straining state budgets and the burden of natural gas exploration on governments and communities, a movement to tax natural gas production in Pennsylvania gained another supporter and more momentum.
The Harrisburg-based Pennsylvania Budget & Policy Center weighed in on imposing a so-called “severance” tax an natural gas production, saying it would both [...]
NEW YORK (AP) — Oil prices wavered Thursday as the nation’s employment picture darkened and consumers pulled back on spending.
Benchmark crude for June delivery ticked up 15 cents to settle at $51.12 a barrel on the New York Mercantile Exchange. In London, Brent prices rose 2 cents to settle at $50.80 a barrel on the [...]
SIOUX FALLS, S.D. (AP) — Oil prices dipped to around $50 a barrel Monday as a strong dollar and new reports of swine flu threatened to slow summer travel and sent jitters through global markets.
Benchmark crude for June delivery fell 79 cents to $50.76 on the New York Mercantile Exchange.
Crude prices have defied traditional market [...]
