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What Next for Libya?
Libyan Colonel Gaddafi’s 42 year brutal reign is over, but the future looks murky for a country primarily known for exporting oil and terrorism. One thing is for certain – international oil companies will be packing out flights to Tripoli to cut deals...
Kenya And Saudi Arabia Deepen Energy Ties
Saudi Arabia is one of the leading oil exporters to Kenya and seemingly unconcerned about recent oil finds there.
Rocky Start for Uganda’s Oil Sector
Uganda has yet to produce a single barrel of oil, but with three senior ministers accused of accepting bribes from oil companies and the government seemingly ill-prepared for imminent large-scale oil production, the phrase “resource curse” is already...
Shell Begins Repair Works on Sabotaged Oil Pipeline
The Shell Petroleum Development Company of Nigeria (SPDC) has commenced repairs on Trans Forcados Pipeline, which was shut down on October 6 due to a leakage resulting from sabotage.
Canadian Oil Sands – A Good Investment? Not in Europe, Apparently
Any American watching cable TV over the past few months can hardly fail to have noticed the seemingly ubiquitous advertisements extolling the virtues of extracting oil from Canadian oil sands, which the commentators assure their audience has a carbon...
Iran Accelerates Development of Its Oil And Natural Gas Field in the Persian Gulf
Iranian President Mahmoud Ahmadinejad has approved a $5 billion credit line for Iran’s Oil Ministry, which sets aside $4.3 billion for the development of projects in Iran’s South Pars oil and natural gas field, which is under joint development with...
Turkey to Continue Prospecting for Natural Gas Off Northern Cyprus
The Turkish Piri Reis exploration vessel will continue its seismic research efforts off southern Cyprus, according to a Turkish official speaking on condition of anonymity.
Russia Claims New Arctic Hydrocarbon Finds Effectively Double Nations Reserves
Russia, currently vying for the title of world’s top oil producer with Saudi Arabia, claimed that new findings in its offshore Arctic territories have effectively doubled the nation’s energy reserves.
