Sasol, ENI partner on SA hydrocarbon exploration

sasol3Eni has agreed to buy a 40 percent interest in an exploration permit granting rights to explore an offshore area of 82,000 square kilometres off South Africa’s east coast for hydrocarbons, the Italian oil and gas group said on Tuesday.… Read the rest

Race for Arctic could become uncivilized

The discovery of large hydrocarbon deposits in the Arctic has sparked international competition over resources in frozen waters. Regional powers are quickly filing claims for the sea shelf, with Russia preparing to bring in the biggest bid to the UN.… Read the rest