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Unseemly Scrabble for Libya’s Post-Gaddafi Oil Assets Underway
While NATO members, led by France, piously proclaimed at the onset of their military offensive in Libya that their concerns were solely humanitarian, a covert tussle to gain a commanding lead in developing the country’s energy riches in light of Colonel...
Oil Deposits Discovered in Extreme North of Cameroon
The National Hydrocarbons Corporation (SNH), Cameroon’s state oil company announced Sunday, the discovery of oil deposits in the extreme north of the country. How People Arrived Here: cameroon oil, discovery of crude oil in cameroon, oil discovery...
New Assessment Claims Significant Natural Gas Resources Remain to Be Discovered in Alaska’s Cook Inlet
The Cook Inlet Region of Alaska contains an estimated mean of 19 trillion cubic feet of natural gas, about 600 million barrels of oil, and 46 million barrels of natural gas liquids, according to a new assessment by the U.S. Geological Survey (USGS). This...
U.S. – Venezuelan Relations – Just ‘Frozen’ Or Beyond Repair?
According to the U.S. Energy Administration, two months ago the United States total crude oil imports averaged 9,033 thousand barrels per day (tbpd), with the top five exporting countries being Canada (2,666 tbpd), Mexico (1,319 tbpd), Saudi Arabia (1,107...
Nigeria Earns $2b Revenue From Oil in Three Months
The new Director in charge of Nigeria’s Department of Petroleum Resources (DPR), Billy Aghah, says Nigeria earned N312 billion (about US$2 billion) from oil between July and September this year. Aghah told journalists on Thursday in Lagos that Nigeria’s...
China And Venezuela Boost Economic Cooperation with $12b Fund
Chinese Vice President Xi Jinping wrapped up his official visit to Venezuela yesterday, signing a dozen new agreements with Venezuelan President Hugo Chavez in the areas of energy, telecommunications, information, and agriculture.
Iran And China Sign $1.76b Contract to Develop Iranian Oil Field
Local media have reported that the National Iranian Oil Company and China National Petroleum Corporation (CNPC) have signed a $1.76 billion contract to develop Iran’s North Azadegan oil field.
Venezuela Advances Latin American Integration And Offers to Share New Satellite with Ecuador
The president of Venezuela, Hugo Chávez, and Ecuadoran President Rafael Correa met in the Amazonian town of Puyo, Ecuador, on Tuesday to review ongoing bi-national cooperation initiatives and to discuss Latin American integration as a response to the...
