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OIL AND GAS
Libya navy seizes oil tanker, detains Filipino crew
by Staff Writers
Tripoli (AFP) Aug 28, 2017


The Libyan navy said Monday it has seized an oil tanker near the maritime border with Tunisia and detained the 20-member Filipino crew on suspicion of fuel smuggling.

Navy spokesman General Ayoub Kacem said the vessel was intercepted on Sunday off Abu Kamash, 170 kilometres (110 miles) west of Tripoli, and its crew transported to the capital to appear before the prosecutor general.

The Liberian-flagged tanker belonging to a Greek company was loaded with six million litres (1.5 million gallons) of contraband fuel, he said.

Plunged into conflict and political chaos since a 2011 revolution that ousted and killed Libya's longtime leader Colonel Moamer Kadhafi, oil smuggling to Tunisia, Malta and Tunisia has become a lucrative trade.

OIL AND GAS
Norway's Statoil takes first steps into Argentina's lauded shale
Washington (UPI) Aug 25, 2017
Norwegian energy company Statoil said Friday it signed an agreement with Argentine company YPF to explore parts of the "world-class" Vaca Muerta shale basin. Statoil under the terms of the agreement took a 50 percent stake in the Bajo del Toro exploration permit in the Neuquén Basin alongside YPF. The Norwegian company said it would fund all of the costs associated with activities in t ... read more

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