Reuters reported that Greenland’s incoming mining and oil minister, Jens Erik Kirkegaard, said that while the country has enough number of oil licenses, it will be more careful about giving new oil permits which could mean a more difficult investment climate for international oil companies.
Bloomberg reported that appeals court judges have questioned the US Securities and Exchange Commission’s regulation which requires public companies engage in oil extraction to reveal payments made to foreign governments.
Zone Resources Inc. (TSXV:ZNR) reported that it has arranged a non-brokered private placement of up to 20,000,000 units for total proceeds of up to $1,800,000 subject to the approval of the TSX Venture Exchange.
Zone Resources Inc. (CVE:ZNR) reports that field work has began on Zone's iron properties in the Nunavik region of Northern Quebec.
Zone Resources Inc. (CVE:ZNR) reports that it has engaged Watts, Griffis and McOuat Limited Consulting Geologists and Engineers of Toronto, Canada, for its Labrador Trough iron project.
Buckeye Partners, L.P. (NYSE:BPL) reports it has acquired two petroleum products terminals and a pipeline.
Kulczyk Oil Ventures Inc. (WAR:KOV) reports its well has encountered eight potential gas bearing reservoirs at total depth.
Seeking Alpha reports that BHP Billiton (NYSE:BHP) agreed to pay $15B for Petrohawk (NYSE:HK).
Business Insider reports that shares in oil producer led gains today on the Asian markets.
Zone Resources Inc. (CVE:ZNR) reports that it has acquired an option to earn a 100% interest in the Knob Hill Iron property, located in Nunavik, northern Quebec.
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