16Aug 2017

Greka Drilling Ltd (AIM:GDL) New contract wins

Greka Drilling Limited (AIM: GDL), the largest independent and specialized unconventional oil & gas driller in Asia, is delighted to announce that the Company has been awarded two new drilling contracts with PetroChina Huabei Oilfield Limited (“PetroChina”, a subsidiary of CNPC) in addition to the one currently in progress.

8Jun 2017

Oracle Coalfields Plc (AIM:ORCP) Market Update

Oracle Coalfields PLC (AIM:ORCP), the UK energy developer of a combined lignite mineral resource and mine mouth power plant located in the Thar desert in the south-east of Sindh Province, Pakistan (the “Project”), today provides an update to the market of its progress in bringing its project to financial close and an update on operations.

24May 2017

Moody’s downgrades China’s credit rating

China’s credit rating has been cut over fears that growth in the world’s second-biggest economy will slow in the coming years.

Moody’s, one of the world’s big three ratings agencies, cut China by one notch to A1 from Aa3.

It was the first time the agency has downgraded the country since 1989.

23May 2017

China claims breakthrough in mining ‘flammable ice’

Methane hydrate

China has for the first time extracted gas from an ice-like substance under the South China Sea considered key to future global energy supply.

Chinese authorities have described the success as a major breakthrough. Methane hydrates, also called “flammable ice”, hold vast reserves of natural gas. Many countries including the US and Japan are working on how to tap those reserves, but mining and extracting are extremely difficult.

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