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Somalia Oil & Gas News. Service for global professionals. Constantly updated news and information about Somalia.
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Latest Somalia Oil & Gas News

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  • Lion Energy to spin off all non oil and gas assets (Lion-Energy) 16 Dec 2009 16:18 GMT
    ... Lion Energy to spin off all non oil and gas assets (Lion-Energy) VANCOUVER _ Lion ... right to earn an interest in five petroleum blocks in Kenya and Somalia. ...

  • Peak Oil Review - Dec 7 7 Dec 2009 17:57 GMT
    ... After starting the week quietly, oil prices fell to a seven-week low on Friday ... the recession reducing world-wide demand for natural gas by some 5 percent this year, production ... Maran Centaurus was seized by pirates off Somalia while sailing to the US, raising concerns ...

  • Crude Oil Consolidating Before the Next Big Move Higher 7 Dec 2009 00:17 GMT
    ... pointed out on my blog ( ), oil and oil stocks in particular are underperforming the market ... U.S.-bound supertanker was seized by pirates off Somalia. This potentially impacts U.S. supply. This is ... the IEA, global investment in oil and gas production has slumped 19% this year compared ...

  • Security tight, hopes high as Iraq auctions oil rights 12 Dec 2009 09:02 GMT
    ... a U.S. counterterrorism official said Friday. Saleh al-Somali was responsible for the terrorist group's operations ... rights to two of its largest untapped oil fields at a public auction held under ... by a consortium led by China National Petroleum that included Petronas and Total of France. ...

  • Somaliland: A News Digest in English 4/1 10 Dec 2009 05:55 GMT
    ... Somaliland: A News Digest in English 4/1 HARGEISA-SOMALILAND ... Established in 2004, Ophir is an independent oil and gas exploration company with a diversified exploration portfolio ...

  • Danger for oil 14 Dec 2009 14:15 GMT
    ... BAGHDAD (Reuters) - They sped into the Oil Ministry in armored convoys, flanked by muscled guards ... more remote or less developed countries like Somalia. In Iraq today, violence is a regional ... oil firms to pass on oil and gas fields the Oil Ministry has offered. State-run ...

  • ETHIOPIA: Somali Warriors Deliver 16 Dec 2009 11:39 GMT
    ... to launch another series of assaults on oil exploration crews and oil production companies in ... operations in the region by China's Sinopec petroleum company. Over the past two months the ... that strength comes across the border from Somalia, from fellow ethnic Somalis the ONLF. But ...

  • Ethiopia is the only country that has a major physical presence in Somaliland 12 Dec 2009 11:56 GMT
    ... Mr. Abdillahi M. Duale, Somaliland’s Minister of Foreign Affairs Somaliland is a ... are very promising for the discovery of oil. We hired foreign companies which conducted geological ... know that previously foreign companies discovered oil reserves many years ago. The exploration work was ...

  • Third quarter experiences constant negative trend in inflation 12 Dec 2009 11:35 GMT
    ... The difference between the maximum (0.7 for Somali) and the minimum (-10.6 for Gambella) quarterly ... to the data obtained from the Ethiopian Petroleum Enterprise (EPE), 511,260.2 metric tonnes of petroleum ... of imported jet fuel (5 percent), fuel oil (10 percent) and gas oil (19 percent). ...

  • Lion Energy proposes spin-off 16 Dec 2009 13:46 GMT
    ... is proposing to spin-off all of its non-oil and gas assets (ie: all but its ... right to earn an interest in five petroleum blocks located in the Republic of Kenya and in Puntland, Somalia. Lion Energy has also announced a non-binding ...

  • Obama's War Speech: The Questions It Raises'¦ And The Answer That Must Be Given 9 Dec 2009 19:53 GMT
    ... going through Russia or Iran. The U.S. oil giant UNOCAL was the prime contractor—one of its ... with Russia in particular over oil and gas pipelines; in Iraq to open up the ... anti-terrorist action included—at a minimum—Iran, Iraq, Yemen, Somalia, Sudan, Lebanon, Syria, Libya, Georgia, Colombia, Malaysia, ...

  • Instead of disengaging from Afghanistan, Obama escalates war 10 Dec 2009 10:10 GMT
    ... to help ourselves to the dope, the oil, the pipelines and the money, not to mention keeping ... to establish a foothold -- whether in Somalia or Yemen or elsewhere [as surrogates of ... nations.” Then why the Only to protect oil fields, pipelines, private plantations, and multi-national corporations whose ...

  • Morality and war make a perilous mix 12 Dec 2009 20:31 GMT
    ... democratic elections did Saddam hold? Economically, Iraq’s oil industry is emerging from the dysfunctional wreckage to ... have bought the rights to exploit the oil fields on terms enormously beneficial to the Iraqi ... Iran, for example; North Korea, for another; Somalia for a third. Indeed, large swaths of ...

  • Osama bin Laden ' a myth or reality 9 Dec 2009 19:50 GMT
    ... with unjust terms and conditions of US oil and gas tycoons wanting to pipe down energy resources ... wide. Al-Qaeda has strong bases in Iraq, Somalia, Sudan and North Africa and is linked ...

  • Capital & Regional, Formation, ILX... 14 Dec 2009 16:06 GMT
    ... Shares in are sharply lower following the oil and gas explorer’s announcement that it had reached agreement ... on revenue sharing for drilling operations in Somalia and reported encouraging progress in its drilling ...


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