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Brad Pitt indirectly slams marriage to Jennifer Aniston: 'I had an epiphany'
NEW YORK, March 13 (UPI) -- Offshore oil and natural gas drilling in the Middle East should increase 25 percent from their 2012 levels in four years, a research firm predicts.
Business intelligence firm GBI Research said it expects oil and gas drilling expenses in the Middle East and North Africa to increase from $13.56 billion in 2012 to slightly more than $17 billion in 2016.
"Drilling outlay is expected to grow across all major nations in the region, with those in West Africa leading in terms of exploration activity," the company said.
Their analysis says emerging interest in Sierra Leone and Liberia may drive some of that growth.
Ghana is emerging as a regional energy giant. British energy explorer Tullow Oil in December announced the start of production about 16,500 barrels of oil per day from Phase 1A of Ghana's offshore Jubilee field.
The CIA World Factbook estimates that Ghana has around 660 million barrels of proven oil reserves, ranking the country 45th in the world in terms of reserves.
The European Union has invested $582 million in energy programs in West Africa in the last five years.
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WASHINGTON, May 22 (UPI) --
U.S. President Barack Obama would veto a House measure that would fast-track the approval of the planned Keystone XL oil pipeline, the White House said.
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SANTIAGO, Chile, May 21 (UPI) --
More than $4 billion of cash reserved for Chilean military procurement remains unspent because of mysterious workings of funding arrangements.
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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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