Obama's NATO War for Oil in Libya Bob Dreyfuss on August 23, 2011 - 7:25 AM ET
What do you call it when the full force of a US/NATO aerial bombardment is coupled with political support for a ragtag rebel group that, when victorious, promises to hand over its oil resources to its Western backers? A war for oil. full: http://www.thenation.com/blog/162908/obamas-nato-war-oil-libya * * * * Oil & Gas Companies in Libya - a Who's Who Feb 24, 2011 4:25:42 AM By Richard Krijgsman The current maelstrom of production cutbacks and staff repatriation by foreign oil producers in Libya makes it a little harder to be optimistic on the outlook for the oil business in the country right now. However there is one factor that may play a positive role in ensuring a positive outcome for the industry once the dust has settled and that is the impressive geopolitical diversity of participation in Libyan oil and gas. Bouncing back from the period of isolation that followed the nationalization of its oil industry in 1973, there are currently no fewer than 35 foreign oil and gas companies active in the country, including leading NOCs and IOCs from every world continent, according to an analysis of Evaluate Energy’s upstream asset database. Although there may be short term mayhem, Libyan oil and gas prospects may improve in the medium term as a result of structural changes that take place now. By region, there are 14 active companies based in Europe, 11 from the Asia Pacific region, 6 from North America, 2 from Russia, 1 (Sonatrach) from North Africa, and 1 (Petrobras) from South America giving a wide geographical spread to the investment, and hence political interest in Libya’s upstream. The most important foreign oil producers in Libya are ENI, OMV, Repsol-YPF, ConocoPhillips, Hess, Marathon, Occidental and Suncor, (see graph below – but note that Marathon does not report its Libyan output). But there is also a second tier of companies –those that have lower levels of production and a smaller range of exploration assets –that includes Statoil, GDF Suez, Total, Wintershall and Gazprom. Shell, RWE-DEA and Australia’s Woodside Petroleum are also producing but on a still smaller scale. Finally there is a large number of companies that hold equity interests in a smaller number of exploration plays. Details can be found in Evaluate Energy. full: http://blog.evaluateenergy.com/companies/major-ioc/libyan-oil-gas _______________________________________________ pen-l mailing list [email protected] https://lists.csuchico.edu/mailman/listinfo/pen-l
