CNOOC, the Chinese state oil giant has been granted permission to explore for oil in part of Somalia, one of Africa’s most volatile regions.
Companies
Crude prices jump on weaker dollar
Crude oil prices were up Tuesday as the US dollar weakened against the euro after gains early in the session, and on the possibility
Crude prices drop after early gains
After gains early in the session, crude oil prices ended lower Thursday after the International Energy Agency said it would dip into its emergency
WTI, Brent crude down on US jobs data
Crude oil prices fell again Friday on data showing that unemployment in the United States rose to 6.1 percent in August, a higher level
Frontera Resources updates Taribani Field
Frontera Resources Corporation, an independent oil and gas exploration and production company, provides an update of its operations at the Taribani Field Unit within
Petrobras starts production at Agbami Field
Brazilian oil producer, Petrobras and partners have produced first oil from Agbami Field in Nigeria on July 29 2008. Petrobras holds a 13% share
North Sea oil, gas production projected to decline
The UK Offshore Operators’ Association has released a report saying that oil and gas production from North Sea wells will be around 10 percent