Cabo Drilling posts record quarterly earnings
North Vancouver-based Cabo Drilling Corp. (TSX-V:CBE) has posted a 200% increase in earnings for 2012’s first quarter.
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Canadian regulator approves Enbridge’s $180 million Bakken pipeline
Canada's energy and pipeline regulator has approved an application by Enbridge to build a $180 million pipeline to move oil out of the pipeline-constrained Bakken oil play.
Chiquita tries to peel back oil sands pledge
After Chiquita told ForestEthics that it would quit using oil sands derived fuel to truck its bananas, the fruit company is assuring upset truckers that the company, while committed to going green, that will adopt a go slow approach.
EPA now unsure of link between between water contamination and hydraulic fracturing
Environmental Protection Agency Administrator Lisa Jackson, who was appointed by Obama in 2008, says that the Pavillion study in Wyoming that found water contamination from hydraulic fracturing may need another look.
Gold steady in shortened session but Christmas rally spied
Gold has risen between Christmas and New Year in 8 of the last nine years, if the trend continues the yellow metal could end the year around $1,650.
Copper order in Mongolia awarded to FLSmidth
FLSmidth has been awarded a contract worth approximately USD 105m (approximately DKK 600m) from the Mongolian company, Mongolyn Alt (MAK) Group, to supply a greenfield copper concentrator for a mine some 500 kilometres from the capital city Ulaanbaatar, Mongolia.
China announces discovery of massive coal deposit
The discovery of a massive new coal reserve in Xinjiang Uygur is hoped will help meet China's coal requirements, which are set to grow to 1 gigaton during the 12th 5-year plan.
Gold to retest all time highs in 2012 – analysts
While the yellow metal has struggled in the last few months, many analysts are still expecting big things from gold in 2012.
Barcap metals traders lose out to Red Kite
Betting that copper prices would rise, Barclays Capital traders lost tens of millions of dollars, sources say, the bank said the losses were not "big" and that there was no "abnormal" trade.
