Statoil ASA (STO) reported its third quarter results of 38 cents per share, compared to the Zacks Consensus Estimate of 40 cents and in line with the year-earlier quarter earnings. Revenue for the quarter was NOK 123.1 billion ($20.1 billion), down 29% year over year.  Though the company’s results were hurt by lower commodity prices, Statoil continues to maintain a high activity level both in Norway and internationally. Equity and entitlement productions were up 8% and 10% year over year, respectively, with the start-up of operations on several new oil and gas fields such as Tyrihans in the Norwegian Sea, Tune Sor in the North Sea and Thunder Hawk in the Gulf of Mexico.  Total oil and gas entitlement production during the quarter averaged 1.71 million barrels of oil equivalent per day (MMBOE/d), 62% of which was oil and 38% natural gas, compared to 1.55 MMBOE/d ...

Gold producing company Newmont Mining Corporation (NEM) recorded a net income of 79 cents per share in the third quarter, beating the Zacks Consensus Estimate of 60 cents. Year on year, earnings grew by a robust 88% on strong gold and copper prices as well as lower costs. Revenues for the quarter climbed 50% to over $2 billion, driven by a 29% rise in gold sales to $1.6 billion and about a fivefold increase in copper revenues to $396 million. Newmont sold 1.7 billion ounces of gold in the quarter, up 15% year over year. The company sold 141 million pound of copper compared with 44 million pound in the same period of the previous year. On a regional basis, gold sales were slightly above expectations as higher-than-expected sales at Yanacocha in Peru, Batu Hijau in Indonesia ...

Next generation rubber recycling solutions company, Magnum D’Or Resources, Inc., takes the opportunity today to release market updates. MDOR and Magnum SRI ‘Next generation’ Custom Compounds have recently received front-page coverage from Malaysia’s best selling and highly regarded publication on business and investment, ‘The Edge.’ The publication caters to clients with interest in the Malaysian financial market.

‘The Edge’ is one of the first widely circulated professional information organizations to recognize the company’s’ technological advancements. The publication highlighted the developments of Magnum/SRI and how it will advance the future for OEM Virgin Tire and Retread tire manufactures. The publication also reported that Magnum/SRI Custom compounds will provide the manufacture with substantial cost savings on their raw material purchases, as well as create “Green” products in a sorely needed industry.

Additionally, Magnum Recycling USA has now completed several infrastructure upgrades in preparation for the start-up of the multiple stage shredding system.

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Earlier this week, Chevron Corp. (CVX) – the second-biggest U.S. oil company – announced the discovery of a new offshore natural gas site (Achilles-1) in Western Australia ’s Carnarvon Basin . The discovery builds on the integrated energy giant’s leading position in this hydrocarbon-rich area and follows the Clio-2 and the Kentish Knock-1 finds in August. Drilled to a total depth of 4,500 meters, the Achilles-1 well encountered 100 meters of net gas pay. The find is situated in the WA-374-P permit area (in the Greater Gorgon region), 160 kilometers off the coast of northwest Australia . Chevron Australia has a 50% operated interest in the prospect, with the other partners being ExxonMobil Corp. (XOM) and Royal Dutch Shell PLC (RDS.A). We believe that the latest exploration success will boost Chevron’s growth prospects in Australia by adding to its already significant gas interests in ...

Yesterday, U.S. oil major Chevron Corp. (CVX) and its partners announced the final investment decision on the massive Gorgon liquefied natural gas (LNG) venture in Australia following the receipt of the necessary government approvals. The company said that its Australian subsidiary will proceed with the construction of the project later this year.   Chevron holds a 50% operated interest in the A$43 billion ($37 billion) project, with the other partners being ExxonMobil Corp. (XOM) and Royal Dutch Shell PLC (RDS.A). The Gorgon gas fields, off the coast of Western Australia, are estimated to contain 40 trillion cubic feet of gas deposits and have an expected economic life of at least 40 years from the time of start-up. Chevron said that the venture will have an annual capacity to produce 15 million tons of LNG, with the first shipment expected in 2014.     The Gorgon project will

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Alberta-based Nexen Inc. (NXY) is well-positioned for a solid growth as it continues with major developments in the U.K. North Sea, announcing the discovery of substantial additional resource and the start-up of new production. Following the successful development of the Buzzard project in 2007, Nexen’s Golden Eagle area in the U.K. North Sea is shaping up to be a significant development project for the company. Nexen is currently evaluating development options in the Golden Eagle area as the company expects to continue appraisal drilling in the area for the remainder of the year. The Golden Eagle area contains 150 million to 275 million barrels of oil equivalent of gross recoverable contingent resource. Nexen recently completed a new step-out development well in the Scott/Telford development area in the North Sea. The well encountered 254 feet of high quality net oil pay. The company has a 72% ...

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Friday August 28, 2009

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Telvent (Nasdaq:TLVT), the IT company for a sustainable and secure world, announced today that the Company will be in charge of project design, development and start-up of the Smart Meter Management system (SMM), a component of Telvent’s comprehensive Smart Grid Solution, for the Finnish utility Fortum. The project, which is valued at over EUR 120 million, will provide Fortum with real-time intelligence that will revolutionize both the customer relations and operations of its power grid.

Artificial Life, Inc., (OTCBB:ALIF), (www.artificial-life.com), today announced its strategic decision to expand its business activities in China. All iPhone and iPod touch games and

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Chevron Corp. (CVX), the second-biggest U.S. energy company, gained approval from the Australian environment ministry to start its Gorgon liquefied natural gas (LNG) venture on the Barrow Island nature reserve. The decision is subject to conditions on managing and protecting local fauna, especially the endangered flatback turtle.

Chevron holds a 50% operated interest in the $42 billion project, with the other partners being ExxonMobil Corp. (XOM) and Royal Dutch Shell PLC (RDS.A). The government approval to Australia's single largest natural resources project paves the way for a final investment decision by the Gorgon joint venture participants, once they get the nod for production licenses and construction plans.

The Gorgon gas fields, off the coast of Western Australia, are estimated to contain 40 trillion cubic feet of gas deposits and have an expected economic life of at least 40 years from the time of start-up. Chevron said that the

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Calgary, Alberta-based Nexen Inc. (NXY) -- a major Canadian oil and gas company -- reported second quarter results on July 16. Recurring earnings per diluted share came in at C$0.04 ($0.03), compared to our estimate of C$0.36 ($0.31) and the consensus estimate of C$0.34 ($0.29). Production before royalties during the quarter averaged 240 thousand barrels of oil-equivalent per day (MBOE/d) or 208 MBOE/d net of royalties, comprising 85% crude oil and 15% natural gas. Production before royalties was down from 254 MBOE/d in the year-earlier period and 252 MBOE/d in the previous quarter. Production was lower in the quarter due to a scheduled downtime at Buzzard for a planned rig move and a coker turnaround at Syncrude. However, with the comeback of Buzzard and Syncrude to their full rates, current production volume is approximately 260 MBOE/d. On a net-of-royalty basis, production was 208 MBOE/d, compared ...

MISSISSAUGA, ON — (Marketwire) — 06/30/09 — HearAtLast Holdings, Inc. (PINKSHEETS: HRAL), a leading provider of suitable affordable solutions to clients with hearing needs in the billion dollar hearing loss market, announced today the formation of its advisory board with the appointment of Louie Mele, consultant and former CEO of McDonald’s Canada, and Gora Ganguli, President & CEO of VitaSound Audio, Inc.

Matthew Sacco, CEO of HearAtLast, commented, “The board was created to add depth to the management team and gather knowledge from experienced business professionals and select individuals within the industry. This will increase HearAtLast’s capabilities while exploring new opportunities to enhance shareholder value, business development and growth.”

This undertaking is targeting all divisions of the company to increase overall shareholder value and will be looked upon as an internal strategic audit of corporate performance and a re-examination of all opportunities for future revenue and growth. The Company is

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