Monthly Archives: August 2011

Libya to Resume Oil Production

Posted on August 24, 2011 by deirdremeagher

Post-Gaddafi Libya could begin pumping oil in the next few months, as rebels secured oil infrastructure around Tripoli and edged closer to taking complete control of the country. However, oil markets are shifting their attention to concerns that the US … Continue reading →

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Japan Will Drill for Methane Off Its Shores

Posted on August 17, 2011 by deirdremeagher

Japan will attempt to tap frozen methane gas deposits off its southeast coast by drilling a series of deep-sea test wells soon. The project will assess the commercial viability of tapping the deposits, called methane hydrates, which lie below thousands … Continue reading →

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Peru eyes doubling oil and gas investment

Posted on August 11, 2011 by deirdremeagher

(Reuters) – Peru hopes to aggressively pursue oil and gas investment in the next five years by encouraging exploratory drilling and creating a stable environment for investors, the new oil agency head said on Wednesday. “Investments of between $8 billion … Continue reading →

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World’s tallest building coming to Saudi Arabia

Posted on August 4, 2011 by CCM Recruitment

RIYADH, Saudi Arabia — Saudi Arabia unveiled plans Tuesday to build the world’s tallest tower — a mixed-use structure that will rise two-thirds of a mile high — in the Red Sea port city of Jeddah. Saudi billionaire Prince Alwaleed bin … Continue reading →

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