Canadian Superior Kicks Off Its “Oasis” Project by Signing Oil & Gas Exploration and Production Agreements for Large Oil and Gas Concession, Offshore Tunisia and Libya

Canadian Superior Energy Inc. announced today what it calls its “Oasis” Project, referring to the Company’s entry into North Africa. Oasis commenced with the formal signing ceremonies for the offshore “7th of November Block” Exploration and Production Sharing Agreement (“EPSA”) that were conducted Wednesday, August 27, 2008, in Tunis, Tunisia. Canadian Superior... 

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Japan Seeks Oil Security in Iraq, Indonesia After Iran Setback

Japan, dependent on imports for 99 percent of its oil and gas, may turn to Iraq and Indonesia after it lost control of Iran’s biggest untapped field. Prime Minister Shinzo Abe’s government promised this week to invest in Iraq’s shattered energy industry in the hope that Japan will be able to tap the world’s third-largest oil reserves. State-controlled Inpex Holdings Inc. may...