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. (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.
TC PipeLines, LP (NASDAQ:TCLP) reports a 2011 cash distribution to $0.77 per common unit, or $3.08 per unit on an annualized basis.
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.
Business Insider reports that shares in oil producer led gains today on the Asian markets.
Zone Resources Inc. (CVE:ZNR) reports that it has appointed Mike Magrum, P.Eng., to the board of directors.
Hemisphere Energy Corporation (CVE:HME) reports that it has closed the acquisition of the producing property in the Wainwright area of southeastern Alberta.
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