Moammar Gadhafi’s death isn’t likely to expedite the return of Libya’s oil output or lure back foreign companies as quickly as the interim government hopes, according to analysts Daniel Yergin at IHS-CERA and Edward Morse at Citigroup Global Markets Inc.
Eni SpA, Italy’s biggest oil company, found natural gas off Mozambique in a field that may hold enough to supply the U.K. for more than four years and would be the explorer’s largest operated discovery. More »
Oil prices drive international cargo boom at Bush Intercontinental Airport. More »
Royal Dutch Shell is warning it can’t meet Forcados crude production goals in Nigeria, after shutting down production on one of its pipelines in the oil-rich southern delta. More »
Anadarko Petroleum Corp. said it has “substantially increased” its estimate for the amount of natural gas offshore fields in Mozambique may hold in the wake of additional exploration success there by a partnership it leads.
Italian oil firm Eni SpA says a pipeline carrying some of its crude out of Nigeria’s oil-rich southern delta has been attacked. More »
The oil industry historian gives us the inside story on his latest book — and reveals what he had to leave out. More »
Gunmen attacked a ship Friday off Nigeria’s oil-rich southern delta, kidnapping one man and leaving another wounded. More »
SNR Denton says it wants to have a presence in Houston, but it’s not just going to open an office — it’s going to buy an entire law firm. More »
International firms and local officials are paying bribes to secure future contracts in Liberia, a report by a London-based watchdog said today, even though Oil is yet to be discovered in the country. More »
Princeton University student Eden Full, 19, was awarded more than $380,000 to help spur development of her solar panels that track the sun without the use of electricity. More »
A medical official says four people died when a fuel tanker truck exploded in western Kenya. More »