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The PSE Mining and Oil Index is the sub-index of the Philippine Stock Exchange for mining and oil companies. It is one of the six sub-indices of the PSE that provide a useful measurement of sectoral performance. [1] Lepanto Consolidated Mining Company and Philex Mining Corporation used to be listed in the PSE until their removal in the 2010s.
Offshore drilling rigs have similar elements, but are configured with a number of different drilling systems to suit drilling in the marine environment. The equipment associated with a rig is to some extent dependent on the type of rig but typically includes at least some of the items listed below.
Mining drilling rigs are used for two main purposes, exploration drilling which aims to identify the location and quality of a mineral, and production drilling, used in the production-cycle for mining. Drilling rigs used for rock blasting for surface mines vary in size dependent on the size of the hole desired, and is typically classified into ...
The Padcal tailings spills of August–September 2012 were a series of mine tailings spills from Tailings Pond 3 of the Philex Mining Corporation's Padcal mine in Benguet Province, Philippines. The incident began on August 1, 2012, with a massive release on the order of 5 million tonnes or 3 million cubic meters of water and tailings from a ...
Poverty incidence of Itogon 2.5 5 7.5 10 12.5 15 2006 5.80 2009 8.94 2012 4.76 2015 6.32 2018 6.88 2021 14.44 Source: Philippine Statistics Authority Itogon's main source of livelihood is mining. Secondary to mining is agriculture. Major mining companies which operate in the town include Benguet Corporation, Philex Mining Corporation, Atok Big Wedge Mining Company (now called Atok Gold Mining ...
The oil well is created by drilling a long hole into the earth with an oil rig. A steel pipe (casing) is placed in the hole, to provide structural integrity to the newly drilled well bore. Holes are then made in the base of the well to enable oil to pass into the bore.
The Lun-A (Lunskoye-A) platform, located off the north eastern coast of Sakhalin Island and is a concrete gravity base substructure (CGBS).. An oil platform (also called an oil rig, offshore platform, oil production platform, etc.) is a large structure with facilities to extract and process petroleum and natural gas that lie in rock formations beneath the seabed.
Zapata Off-Shore accepted an offer from an inventor, R. G. LeTourneau, for the development of a mobile but secure drilling rig. Zapata advanced him $400,000, which was to be refundable if the completed rig did not function, followed by an additional $550,000 together with 38,000 shares of Zapata Off-Shore common stock when it did.