In a story developing throughout the week, Libyan rebels sold 230,000 barrels of crude oil officially owned by Libyan National Oil Company to a North Korean-flagged tanker heading to an unknown destination. In response, the Opec member country sacked Prime Minister Ali Zeidan on Tuesday. [AFP and Reuters] The Tesla Motors sales model took a… Keep reading →
Warren Buffett’s Berkshire Hathaway bought 40.1MM shares of ExxonMobil for $3.45bln, and now holds about 0.9% of the company’s stock. UK’s BG has sold additional interests in its Queensland Curtis LNG project in Australia to China National Offshore Oil Corp. for $1.93 billion, and to supply the state-controlled Chinese firm with an additional 5 million tons per year of LNG… Keep reading →
A couple of firsts, and one sloppy second… Some citizens of Sub-Saharan African countries may get access to reliable electricity for the first time. President Obama has announced plans to invest $7 bln over five years to expand access to electricity in Ethiopia, Ghana, Kenya, Liberia, Nigeria and Tanzania, mostly as loans to buy US… Keep reading →
