One expects the crazy talk to come out during an election season, but reports that the US is close to being weaned off Middle Eastern oil and set to become “independent” purposefully fail to consider the fact that as long as America is dependent on oil it will be dependent on Middle Eastern supplies because…
Cyprus, thrilled to be taking over presidency of the European Union on 1 July, has a more immediate problem. Several of the largest banks there last month were essentially downgraded to junk status.On May 22 New York and London-based Fitch Ratings Ltd. downgraded to junk status some of the bonds issued by the Cyprus Popular…
MILAN, Italy– Eni has signed an agreement with the Indian company Essar for the acquisition of 50% and the operatorship of exploration block 114, located offshore in Vietnam's Song Hong Basin.
LONDON–Heritage Oi Monday confirmed that its joint venture subsidiary has agreed to buy a 45% stake in an oil mining lease and other assets for $850 million from Royal Dutch Shell, Total S.A. and Nigerian National Petroleum Corp.
HOUSTON — Anadarko Petroleum Corp. signed an agreement with an undisclosed party to enter a joint venture capital carry arrangement related to the oil and gas company's interest in the Lucius project in the Gulf of Mexico.
HOUSTON — InterMoor has launched MoorVision, an innovative software system that provides clear, up-to-date photos of the infrastructure in any defined area in the Gulf of Mexico using Google Earth images.