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BP closes out 2013 with deepwater finds in Gulf of Mexico and offshore Angola; new activity offshore Brazil

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Earlier in December, Cobalt International Energy announced a significant discovery at its Lontra well in the pre-salt play offshore Angola, in which BP holds a 30% interest. While further appraisal drilling will be required to determine the ultimate size of the Lontra field, it is clear that Lontra is a discovery on a global scale.

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Opinion: Is Russia Plotting To Bring Down OPEC?

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from a market for Russian crude and natural gas (via LNG) to a global competitor. It would also force foreign suppliers to seek other markets for all or part of the exports they previously sent to the U.S. into a major (potential) LNG competitor in global LNG import markets, and, via the U.S. This has transformed the U.S.

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