Tuesday , 27 January 2026

Recent Posts

America’s coal miners post profit, seek investors

Bloomberg Boosted by higher global prices, US coal miners are showing they can make money again. Now, for the hard part — winning back investors. Five of America’s largest coal producers — Alliance Resource Partners LP, Arch Coal Inc., Cloud Peak Energy Inc., Peabody Energy Corp. and Warrior Met Coal Inc. — reported a combined $801 million in third-quarter earnings …

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As oil prices rise, global majors eye deep waters of Mexico

Bloomberg As the price of oil rises, an international rush is on for Mexico’s untapped deep-water riches. The who’s who of the oil world — led by Exxon Mobil Corp and Royal Dutch Shell Plc, the world’s two biggest drillers by market value — are lining up to bid in the country’s Jan. 31 deep-water auction. And the interest is …

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Northern Drilling raises cash for new rig firm

Bloomberg Northern Drilling Ltd., a company set up by billionaire John Fredriksen to buy offshore drilling rigs on the cheap, raised 2.03 billion kroner ($250 million) in a private placement to expand its fleet. The company said it sold 31.8 million new shares at 64 kroner apiece, equal to the stock’s closing price on the Oslo Axess market a day …

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