Somalia Brokers Oil and Natural Gas Deal

A deal reached to assess potential oil and natural gas reserves off the Somalia coast will help prop up the nation's economy, a British company said. Soma Oil & Gas, which has headquarters in London, said it signed an agreement with the Somali government to conduct a survey of its territorial waters to assess any oil and natural gas reserves. ...

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Marathon Oil Mulls Selling Libya Oil Stake

Marathon Oil Corp. has notified Libya's National Oil Co. that it is considering selling its stake in Libya's largest foreign-oil partnership, two Libyan oil officials said. Recently, the U.S. company has increased its focus on the growth potential of its shale assets at home. ...

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