World-class East Africa Oil Exploration Play
Oil & Gas history and development information in East Africa.
Mar 29, 2010
Mar 25, 2010
Who owns Africa's oil?
Written by Nicholas Norbrook
Monday, 01 February 2010 00:00
Major oil exporting countries like Angola and Algeria are trying out new, smarter versions of resource nationalism as Nigeria’s petroleum industry reforms are delayed and new West and Central African producers tackle the task of shaping new oil and gas industries.
Komatsu Hybrid Excavator Exceeds Expectations
Source: Komatsu
Publication date: March 16, 2010
Late in 2009, Komatsu America introduced the first of ten Hybrid PC200LC-8 excavators into the U.S. market to test the innovative equipment that was designed to reduce environmental impact by saving fuel and reducing green house emissions.
Mar 9, 2010
Greece:Announcement on new economic and fiscal measures
The Greek Government announced a package of additional measures designed to safeguard the targets of the Stability and Growth Programme against macroeconomic and financial risks.
Mar 8, 2010
Budget cuts give Greece a break
March 7, 2010
For George Papandreou, the Greek prime minister, last week brought the first real signs of relief in a crisis that has dominated his short time in office. His €4.8 billion (£4.3 billion) austerity package, announced on Wednesday, was favourably received in the markets.
A €5 billion, 10-year bond issue on Thursday was three times oversubscribed, lending support to the view that, while the markets are determined to extract higher interest rates for taking on Greek official debt, the danger of default is not seen as so high as to make them avoid it at all costs.
Some 400 institutions bid a total of €16 billion for the €5 billion of bonds in an offering jointly led by Barclays Capital. Nearly 80% of the bonds were bought by non-Greek investors.
For George Papandreou, the Greek prime minister, last week brought the first real signs of relief in a crisis that has dominated his short time in office. His €4.8 billion (£4.3 billion) austerity package, announced on Wednesday, was favourably received in the markets.
A €5 billion, 10-year bond issue on Thursday was three times oversubscribed, lending support to the view that, while the markets are determined to extract higher interest rates for taking on Greek official debt, the danger of default is not seen as so high as to make them avoid it at all costs.
Some 400 institutions bid a total of €16 billion for the €5 billion of bonds in an offering jointly led by Barclays Capital. Nearly 80% of the bonds were bought by non-Greek investors.
Mar 3, 2010
Greek PM sounds alarm, eyes tough new fiscal steps
Tue Mar 2, 2010 1:31pm EST | www.businessweek.com
ATHENS (Reuters) - Prime Minister George Papandreou painted a grim picture of the Greek economy in a speech to parliament on Tuesday, preparing the nation for new austerity measures needed to avert default and a broader euro zone crisis.
Mar 1, 2010
Repsol Profits Drop 48% On Weak Refining Results
FEBRUARY 25, 2010, 11:56 A.M. ET | http://online.wsj.com
By Bernd Radowitz
Of DOW JONES NEWSWIRES
MADRID (Dow Jones)--Spanish oil firm Repsol YPF SA (REP) Thursday said its profit, excluding inventory effects, plunged 48% in the fourth quarter as its refined products sales fell while Spanish refining margins flattened.
Euro Declines for Third Month as Debt Crisis in Greece Persists
February 27, 2010, 1:07 AM EST | www.businessweek.com
By Inyoung Hwang and Ben Levisohn
Feb. 27 (Bloomberg) -- The euro fell for a third straight month against the dollar, its longest losing streak since November 2008, as Greece’s debt woes weighed on the region’s economic outlook.
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