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See Taylor Swift's disgusted reaction to Justin Bieber-Selena Gomez backstage kiss
HANOI, Vietnam, Feb. 28 (UPI) -- Italian energy company Eni said Thursday it signed an agreement with Petrovietnam to evaluate the potential for unconventional hydrocarbons in Vietnam.
Eni Chief Executive Officer Paolo Scaroni signed an agreement with Do Van Hau, the president of Vietnam Oil and Gas Group, known as Petrovietnam, in Hanoi. Both sides would carry out studies that would examine the unconventional resource potential.
"With this agreement, Eni takes another step forward in its strategy of strengthening its presence in Asia, a region with very high growth potential that presents great opportunities in terms of upstream and the market," the company said in a statement.
The CIA World Fact Book estimates that Vietnam in 2011 produced 318,000 barrels of oil and 300 billion cubic feet of gas per day.
Eni said the offshore Song Hong basin in the Gulf of Tonkin holds about 10 percent of Vietnam's hydrocarbon reserves, mostly in the form of natural gas.
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BUENOS AIRES, May 21 (UPI) --
To the joy of neighboring rivals, Argentina's beef exports are dwindling and traders blame government policies.
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MUSCAT, Oman, May 21 (UPI) --
The Persian Gulf sultanate of Oman is set to buy a $2.1 billion missile system built by the U.S. Raytheon Co. as part of a U.S. drive to install a coordinated air-defense system linking the region's Arab monarchies to counter Iran.
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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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