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To fund their acquisitions in Africa, Russian oil companies have a pretty handy answer: Africa's debts to the former Soviet Union. [...]
Arakis Energy Corp. is still finding it hard to raise funding and is even thinking of selling out to a [...]
The semi-submersible Actinia will begin mobilizing from a yard in Singapore to the Mediterranean at the end of the month [...]
A new study by the European Commission on energy investment in third party Mediterranean countries which focuses on North Africa from Morocco to Egypt will be completed by the end of June, the EU energy commissioner, Christos Papoutsis, announced at [...]
An agreement between ENI and Libya to develop the offshore gas block NC-41 (including associated gas from the Bouri field) [...]
Failing to persuade the Security Council to expand U.N. sanctions against Libya to include an oil embargo, the United States [...]
An economic and technical cooperation accord recently signed between Libya [...]
Having hung around too long for Arakis to raise the $300 million needed its the Heglig-Port Sudan oil line project, Sudan signed an agreement in April with the Russian oil company Yukos and an engineering firm to build the facility [...]
The oil industry remains highly active in Libya and there is no evidence that American and UN sanctions have had any appreciable effect on a sector that provides 95% of the country's revenue. All available acreage in Libya's sedimentary basins, [...]
Libya will ship oil products to Zaire in coming weeks, announced Bachkir Saleh following a meeting at Gbadolite on Dec. [...]
Although it had no bearing on oil, the U.N. Security Council embargo on air travel and arms supplies to Libya, to come into effect on April 15, nonetheless ruffled oil markets. On one hand, the industry is concerned over the [...]
Belli 2, the first appraisal well explored at the end of 1991 by Marathon on the Grombalia permit after the [...]
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