Libya Is Enticing U.S. Executives With Its Abundant Oil Reserves
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At a time when oil around the world is harder to come by, Libya is dangling the rights to explore and develop new sources of petroleum.
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OPEC's president has taken the  unprecedented step of urging the United States to tap its  emergency crude reserves to bring down world oil prices.
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ConocoPhillips said on Wednesday it was seeking 20 percent in Russia&#39;s LUKOIL in a far-reaching alliance opening the way for the two oil majors to tap vast reserves in northern Russia and Iraq.
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The province sits on as much as 20 percent of the Middle East's oil reserves.
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TRIPOLI : Libya set out the contractual framework and tendering terms for oil exploration rights to 15 blocs around the vast desert country as it switches to a transparent bidding process to woo foreign investment for its sanctions-ravaged industry.
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By Muklis Ali JAKARTA  - OPEC took the unprecedented step of urging the United States to tap its emergency crude reserves to bring down world oil prices.
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IRBIL, Iraq -- Two weeks after the United States launched an ambitious security plan for Iraq, then-U.S. Ambassador Zalmay Khalilzad issued an enthusiastic announcement about progress toward an Iraqi oil law, a key American goal.
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Supply and demand in the oil market  are roughly in balance and current high prices are due to the  possibility of disruptions rather than any shortage, a U.S.  official said on Tuesday.
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German Chancellor Gerhard Schroeder&#39;s two-day visit to Libya was crowned on Friday with the inking of big deals in the energy sector, ushering in a brand-new relationship between
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Major oil companies are playing a bigger role in the search for oil and gas from unconventional sources, consultants Wood Mackenzie said on Monday.
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The president of the Organization for Petroleum Exporting Countries (OPEC) asked the United States to release some of its emergency oil stocks.
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This oil company has the chops to make a good investment.
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The oil and gas firm keeps ratcheting up reserves.
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Jeroen van der Veer, chief executive of Royal Dutch/ Shell, has opened the door to future deals with Gazprom, the Russian gas group, by welcoming its rapid expansion into the oil sector.
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U.S oil major ConocoPhillips is seeking  to buy up to 25 percent in Russian oil giant LUKOIL to add  billions of barrels of reserves to its books, an industry  source familiar with the matter said on Friday.
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A trio of oil companies led by Chevron Corp. has tapped a petroleum pool deep beneath the Gulf of Mexico that could boost America's reserves by more than 50 percent.
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Libyan leader Moammar Gadhafi and visiting Italian Prime Minister Silvio Berlusconi on Thursday inaugurated a natural gas pipeline linking their countries beneaththe Mediterranean, news from Tripoli reported.