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Kenya mark new Offshore Oil Block by Exploration Firms
Kenya has marked out eight new offshore oil blocks to be opened up for leasing by exploration firms, senior energy ministry officials said on Friday. Exploration interest in Kenya and its neighbours in eastern Africa has increased after oil deposits were found in Uganda and natural gas in Tanzania and Mozambique. At least five oil [...]
Saturday, March 17th, 2012US Short Term Energy Outlook
Energy outlook, EIA expects the U.S. average refiner acquisition cost of crude oil to remain relatively flat, averaging about $100 per barrel in 2011 and 2012. The value of West Texas Intermediate (WTI) benchmark crude oil was about $11 per barrel below the U.S. refiner acquisition cost of crude oil in the third quarter of [...]
Wednesday, November 30th, 2011Libya Unrest, BP stop Exploration more Oil Companies and Industry Fallout
Oil companies, including Italy’s Eni, Royal Dutch Shell PLC, U.K.-based BP and Germany’s Wintershall, a subsidiary of BASF, were evacuating their expat workers or their families or both. BP and Wintershall said they were temporarily suspending operations; Eni said production continued normally. Libya is one of the world’s biggest oil producers and has the largest [...]
Monday, February 21st, 2011