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Tuesday November 24, 2009
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Libya Oil & Gas News is an EIN News Service for energy industry professionals. Constantly updated news and information about Libya Energy.
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Latest Libya Oil & Gas News

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  • OPEC basket price up 95 cents to USD 76.73 pb 24 Nov 2009 19:14 GMT
    ... the previous day, the Organization of the Petroleum Exporting Countries (OPEC) announced. According to OPEC ... Light (Iraq), Kuwait Export (Kuwait), Es Sider (Libya), Bonny Light (Nigeria), Qatar Marine (Qatar), Arab ... two thirds of the global production of oil decided last September to stick with the ...

  • Ugandan oil deals 'serve foreign firms' 24 Nov 2009 05:10 GMT
    ... KAMPALA — Foreign oil explorers including the UK’s Tallow Oil would reap ... with similar deals from northern Iraq to Libya, Uganda’s government had signed deals that leave ... few years after explorers found commercially viable reserves of billions of barrels in the country’s ...

  • Marathon Oil to Slash Spending 24 Nov 2009 14:30 GMT
    ... In its investor day meeting, integrated oil major Marathon Oil Corporation ( ) offered a ... the Gulf of Mexico, Canada's oil sands, Libya and Angola). In 2010, Marathon plans to ... We like Marathon’s large and geographically diverse reserve base, competitive downstream operation, and solid project ...

  • The Best Energy Investments in the World 24 Nov 2009 01:36 GMT
    ... Marin to get his take on where oil prices are headed for the long-term... the regions ... what has recently happened to the natural gas sector in the United States. Companies were ... in politically unstable countries like Iran, Iraq, Libya. These countries are fully aware of the ...

  • Australian Stocks Weak, LEI Rises 0.3% 24 Nov 2009 22:43 GMT
    ... advanced 1.6% to $1,164 per ounce. Crude oil prices gained 1.3% to $78.5 per barrel ... retail trade dropped in that period. Woodside Petroleum reported today in an investor briefing it ... plans to sell its onshore assets in Libya and review assets in Brazil, Sierra Leone ...

  • Australia's Woodside forecasts 2010 output reduction 24 Nov 2009 00:50 GMT
    ... SYDNEY (MarketWatch) -- Woodside Petroleum Ltd. (WPL.AU) on Tuesday forecast its full year oil and gas production in 2010 to fall ... a sale of its onshore assets in Libya and expects to exit the country early ...

  • Turkey-press scan on Nov 24 24 Nov 2009 10:27 GMT
    ... SEARCH FOR OIL IN BLACK SEA TO BEGIN IN FEBRUARY ... Sea will begin in February, 2010. Turkish Petroleum Corporation (TPAO) and its Brazilian partner Petrobras ... activities. ERDOĞAN, FIRST PRIME MINISTER TO VISIT LIBYA IN 13 YEARS Recep Tayyip Erdoğan became ...

  • Mideast stocks - Factors to watch - Nov 24 24 Nov 2009 06:15 GMT
    ... outlook brightens, slow credit a drag * Oil eases 0.8 percent to $77.5 a barrel ... recovery -Shuaa [MEAST-PVE] * Templeton's Mobius eyes Libyan market, sees growth [LY-FUND] * UAE quit ... exports in Jan [2310.SE] * Shell delays Qatargas 4 LNG plant by a year [RDSa.L] ...

  • Turkish Energy Minister to visit Russia for nuclear power talks 24 Nov 2009 10:30 GMT
    ... a visit to Tripoli, the capital of Libya. Last week, Turkey's Electricity Trade Corp (TETAS) ... downward to $0.153. Turkey relies on natural gas and oil imports to meet almost 67% of its energy ...

  • The promise and perils of Palestine 24 Nov 2009 00:44 GMT
    ... that tried to break the blockade was Libya, which sent a ship with medical and ... the region. Third is the interest in oil. Fourth is the avoidance of nuclear proliferation, ... the West lost preferred access to the reserves in the Persian Gulf, its status in ...

  • Worried over weak dollar, India, China cut US debt holdings 24 Nov 2009 07:34 GMT
    ... US government paper is essentially by the Reserve Bank of India (RBI), though banks, financial ... treasury bonds. Besides India and China, even oil exporters comprising Ecuador, Venezuela, Indonesia, Bahrain, Iran, Iraq, ... Arabia, the United Arab Emirates, Algeria, Gabon, Libya, and Nigeria and the Carribean banking centres, ...

  • Medco, Libyan State Fund to Partner In Development of Oil and Gas Block 23 Nov 2009 16:52 GMT
    ... Medco, Libyan State Fund to Partner In Development of Oil and Gas Block PT Medco Energi Internasional said on Monday that it would now partner with ...

  • Loopholes in oil agreements revealed 21 Nov 2009 19:32 GMT
    ... BREATHING OIL: An engineer stands next to an oil ... were provided by Sunday Monitor to the Petroleum Exploration and Production Department (PEPD) of the ... production sharing agreements in Northern Iraq and Libya, Uganda got a worse deal. “Indeed, Heritage’s ...

  • Tullow Lists Potential Buyers for Local Oil 20 Nov 2009 13:51 GMT
    ... looking at a large amount of Tullow Oil confidential data as part of its due diligence ... off half its stakes in two Ugandan oil fields. Analysts estimate that the company could pocket ... government. It operates in 70 countries including Libya, Nigeria, Congo, Mozambique, and Angola in Africa. ...

  • Rattling deals: Uganda's oil sharing agreements revealed 21 Nov 2009 19:32 GMT
    ... Rattling deals: Uganda’s oil sharing agreements revealed At the face of ... around the world, from northern Iraq to Libya, Uganda’s government has signed deals that leave ... benefit of the host nation owning the petroleum resources, and not the oil companies, which ...


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