Cairn, ConocoPhillips confirm oil find offshore Senegal

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Cairn, ConocoPhillips and their other joint venture partners confirmed that oil was discovered in the FAN-1 exploration well, located approximately 60 miles (97 km) offshore Senegal, in Northwest Africa. Further evaluation will now be required to calibrate the well with the existing 3D seismic in order to determine future plans and optimal follow up locations to determine the extent of the discovered resource.

IISD Releases Five-Part Series of Reports on Removing Fossil Fuel Subsidies

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This figure includes subsidies to lower the prices of petroleum products, kerosene or liquefied petroleum gas (LPG), typically in developing countries, as well as subsidies to the oil, gas or coal industries, provided by many governments in both developing and developed countries. Better subsidy design can usually help reduce any negative effects and also ease the task of reform in the future. Tags: Fuels Oil Policy

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