BP Plc for the Libyan well and says it has prepared extensively for the operation.
The family travel blog of the sole survivor of a Libyan plane crash that killed 103 people has turned into a condolence register, with dozens offering sympathy to the nine-year-old Dutch boy orphaned by the crash.
U.S. prosecutors have accused ABN Amro, now largely part of Royal Bank of Scotland , of turning a blind eye to U.S. laws, using special procedures to bypass U.S. sanctions against Cuba, Iran and other countries.
Oil ministers from several OPEC nations played down on Saturday a sharp fall in prices, but Kuwait said another $10 drop may force the group into action.
U.S. exports to Arab countries in the Middle East and North Africa are forecast to grow almost 20 percent this year to a record $75 billion, fueled by big infrastructure projects and resurgent consumer demand, according to a new private sector report.
Amid looming fuel shortages, Uganda on Tuesday announced fresh plans to sell the Jinja Oil Reserves. In a statement, Uganda's energy ministry said the government does not have the money to maintain the reserves. This will not be the first time that the country's oil reserves are being put up for sale. The earlier deal that was awarded to Libya's Tamoil to manage the reserves was cancelled by the government following procurement irregularities.
Norwegian fertilizer group Yara International ASA shied away from raising its offer for Terra Industries Inc to top a rival bid, boosting its shares on Friday but scuppering U.S. expansion plans.
Exxon Mobil Corp will increase capital spending nearly 4 percent this year to $28 billion in part as the largest U.S. oil company seeks to increase its share of the global market for natural gas.
The United States, France and other Western powers are preparing a plan for a fourth round of U.N. sanctions against Iran over its nuclear program and hope to persuade Russia and China to back it.
A top White House official said on Sunday the plot to bomb a Detroit-bound plane on Christmas Day exposed errors but he played down the need for a sweeping overhaul of the U.S. security system.
Nigeria described on Monday as unfair its inclusion alongside Afghanistan, Pakistan and Yemen on a list of countries whose air travellers will face tighter screening on journeys to the United States.
Shareholders of Verenex Energy Inc (VNX.TO) overwhelming approved the C$317 million ($299 million) sale of the small Canadian oil explorer on Friday to a Libyan sovereign wealth fund, ending an international takeover battle that saw Libya block a richer offer from China.
Egypt, which plans to start its first solar power unit in 2010, said on Tuesday it wanted to expand solar power production for export but that costs of the technology would need to fall first to make it feasible.
Egyptian investment bank Beltone Financial has begun operations in Libya, hoping to take advantage of a potential boom in new share offerings, a company official said on Sunday.
Libya plans to sell shares in four state companies in initial public offerings (IPOs) in 2010, including two telecom firms, an iron and steel company and a bank, the chairman of the Libyan Stock Market said on Sunday.
Zimbabwean Prime Minister Morgan Tsvangirai left Thursday for North Africa, where analysts said he would meet Libyan leader Muammar Gaddafi to maintain political pressure on President Robert Mugabe to honor their power-sharing accord.
Police are following several lines of inquiry into the Lockerbie bombing focusing on possible accomplices of convicted former Libyan agent Abdel Basset al-Megrahi, Scottish authorities said on Sunday.
Muammar Gaddafi, in his first address to the United Nations in 40 years as Libya's autocratic ruler, on Wednesday accused major powers on the Security Council of betraying the principles of the U.N. charter.
U.S. President Barack Obama makes his United Nations debut on Wednesday, hoping his international star power can throw new muscle behind a policy agenda that is already struggling to deliver.
An Italian orchestra mainly composed of migrants brings a multicultural version of Mozart's The Magic Flute to Rome on Wednesday to open the city's arts festival amid a debate over a crackdown on illegal migration.
Verenex Energy Inc, a Canadian oil producer focused on Libya, said on Friday it had entered into an agreement to be bought by a Libyan sovereign wealth fund, after the collapse of a deal reached with China.
Lockerbie bomber Abdel Basset al-Megrahi launched a website on Friday with the aim of proving his innocence in the 1988 bombing of a U.S. airliner over Scotland in which 270 people died.
