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Crude oil pushes toward $96
REYKJAVIK, Iceland, Jan. 5 (UPI) -- Iceland announced that it has granted licenses for arctic oil exploration and development to firms that include Norway's state-owned oil company Petoro.
The two licenses granted went to Faroe Petroleum and Valiant Petroleum, but Norway's Petoro will take a 25 percent share of both, the British Broadcasting Corp. reported Saturday.
"This is of course an important step. These are the first real licenses that we believe will be used, and they call for extensive research in the area," said Iceland's Minister of Industries and Innovation Steingrimur Sigfusson,
"The Norwegian participation is also important -- we think that it strengthens the matter in every way, not least to have the support of Norway and its massive knowledge in this field," he said.
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TEL AVIV, Israel, May 17 (UPI) --
Nobel Energy of Houston, which discovered Israel's big gas fields in the eastern Mediterranean, is pressing the government to decide soon on an energy export policy as the prospect of an undersea pipeline to Turkey gains credibility.
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TEL AVIV, Israel, May 17 (UPI) --
mid growing concerns about security threats from Syria and Iran, Israeli Prime Minister Binyamin Netanyahu has greatly reduced planned defense budget cuts.
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Properties repossessed by lenders in the first quarter took an average of 477 days to complete the foreclosure process, up from 414 days in the previous...
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Nobody likes spending cuts but the champion of that attitude is clearly President Barack Obama, who seems to have a very clear pain-avoidance agenda.
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