Via Stratfor (subscription required), news that U.S. energy company Occidental Petroleum Corp. and Australian oil and gas firm OMV have agreed to jointly explore for oil in five areas in Libya. According to the article: “…the firms will spend $2.5 billion altogether over the next five years to redevelop oil fields in the Sirte Basin, […]
Read more »Noticed in today’s WSJ that Eni, the world’s sixth-largest oil company by market capitalization, announced a sweeping overhaul of its existing contracts with Libya’s National Oil Company, or NOC. According to the terms of the deal, Eni – which has been the largest foreign player in Libya for years – will be able to increase […]
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