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Poolside photos of 59-year-old Christie Brinkley are a Web sensation
TRIPOLI, Libya, Feb. 15 (UPI) -- The Libyan National Oil Corp. announced an oil and natural gas discovery hundreds of miles inland with Algerian company Sonatrach.
Libya's oil company and state-owned Sonatrach announced the discovery of an oil and gas deposit about 370 miles southwest of Tripoli. The field is expected to yield about 8,200 barrels per day once development gets under way, Bloomberg News reports.
No time frame was announced.
Libyan oil production had rebounded close to its pre-war level of around 1.6 million bpd but has since declined. The Organization of Petroleum Exporting Countries said that, as of Jan. 20, Libya was producing around 1.4 million bpd, down from a high of around 1.48 million bpd reported for November.
OPEC in its February report said Libya, Algeria, Saudi Arabia, the United Arab Emirates and Nigeria were collectively responsibility for an oil production decline of around 50,000 bpd from December.
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| Additional Energy Resources Stories | |
ERBIL, Iraq, June 19 (UPI) --
Iraq's Kurds have consolidated their growing energy sector with Chevron Corp. securing a third exploration block in the semiautonomous northern region that increasingly operates as a de facto independent state and France's Total buying a majority stake in another.
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SAO JOSE DOS CAMPOS, Brazil, June 19 (UPI) --
Brazilian aircraft maker Embraer hopes to continue building up its sales of private jets at the same time as it expands capacity in defense, security and tactical transport.
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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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