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Energy Blast – Feb 21, 2011

Oil and Gas Eurasia reports that with the political situation in Libya looking uncertain, the price of oil on world commodity exchanges has been growing.  Sudanese President Omar Al-Bashir has invited Russian companies to take part in infrastructure and energy projects in the northern part of the country.  TNK-BP has, Reuters says, confirmed its interest in joining the dispute-sparking Arctic exploration partnership between BP and Rosneft.  Chevron Corp has announced it has completed its acquisition of Atlas Energy, following approval by Atlas stockholders.  An executive at Total has reportedly said that the Shtokman gas project in the Barents Sea may prove too expensive, and that the planned final investment decision might also be delayed.  Norway’s Statoil has drilled another dry well in western part of the Barents Sea.  ExxonMobil and Naftogaz Ukrayiny have signed a memorandum on cooperation on exploration of unconventional gas in Ukraine, according to the statement made by the Ukrainian government today.