Milan – The Italian gas and oil company Eni says that a gas discovery off the coast of Mozambique is 50% larger than previously announced. Eni said in a statement on Thursday that it now expects to find a total of 22.5 trillion cubic feet of gas in the Mamba South 1, Area 4. Earlier [...]
Apr 4th, 2011
BREGA, Libya – Rebel fighters pushed back into this hard-fought oil town on Monday, seizing half of Brega and pledging to drive out Libyan leader Moammar Gadhafi’s forces in hours in an advance that would open a vital conduit for oil sales by the oppostion. Control of Brega’s small ...