Tag Archives : oil exploration

Angola is poised to become the darling of the global oil industry. Although the country is a ‘corrupt, underdeveloped and war-scarred country’ and ‘one of the poorest lands on earth,’ it is a place of vast natural resources and immense potential wealth. Oil and diamonds comprise 99 percent of Angola’s exports. It has also been inviting foreign [...]

Contrary to what PM Gordon Brown said, Justice Secretary Jack Straw admitted that the release to Libya of Abdelbaset al-Megrahi, otherwise known as the Lockerbie bomber, was ‘to facilitate a multi-million-dollar oil deal.’ There is an agreement between Libya and BP that had to be signed. According to Straw, “I’m unapologetic about that, Libya [...]

It has a processing power equivalent to 2 million laptops, and looks like a roomful of 96 refrigerators. Seven months after introducing the fastest supercomputer in the world, IBM has announced an even faster one. The company said it is developing technology for their new computer ‘Sequoia’ that will be delivered in 2011 to the United States [...]