Thursday 28 August 2014

Libya's oil recovery may be short-lived

A comeback by Libya's oil industry may be short-lived as a confrontation between armed groups risks splitting the country three years after the fall of Muammar Gaddafi. Oil production has risen to 650,000 barrels per day (bpd), five times the level two months ago, in a rare s


Libyan raids could herald bolder Arab action

Air strikes against Libyan Islamist militants that US officials had said were staged by Egypt and the United Arab Emirates could mark an escalation of a regional struggle over the future of the Arab world. Arab responsibility for the attacks would add to a picture of the West'


Managing hybrid ERP: new challenges for CIO

Chief information officers (CIO) have been called to create a strategy to effectively plan for and manage a complex hybrid Enterprise Resource Planning (ERP) environment, as it back on the agenda with a different emphasis in today’s increasingly on-demand world, said a recent report.


Clear vision, values key to ‘culture of quality’

Clearly stated quality vision and values, and unequivocal leadership are key components to a successful culture of quality that can help organisations drive results, according to new research. However, only about 60 per cent of all respondents say management unequivocally support


China targets own OS to take on Microsoft, Google

China could have a new homegrown operating system by October to take on imported rivals such as Microsoft Corp, Google Inc and Apple Inc, Xinhua news agency reported on Sunday. Computer technology became an area of tension between China and the United States after a number of run


Deepening rivalries test German luxury car dominance

Berlin-based PR executive Herbert Franz should be a soft target for German luxury automakers - his last car was a BMW X3 - but he can't wait to leave them behind. "This car is hip," said Franz, 52, at the city's biggest Jaguar Land Rover showroom, while eyeing up a Br


Refracking brings 'vintage' oil and gas wells to life

A fracking boom isn't enough for US oil and gas producers - they're now starting the re-fracking boom. Wells sunk as little as three years ago are being fracked again, the latest innovation in the technology-driven shale oil revolution. Hydraulic fracturing, which has upended g


Declining food prices spark global deflation risk fears

International food prices have been declining in recent months, reflecting record harvests and weak global demand. Declining food prices have in turn contributed to lower inflation in the Eurozone, the United Kingdom (UK) and the United States (US). This trend, coupled w


Could shale revive China's flagging oil fields?

"I believe and will prove that our country is not deficient in oil reserves. If I can use my 20-year lifetime in exchange for a large oil field, I will." Those comments, recorded in an illustrated history of the Songliao Basin published by China National Petroleum Corpo


Amid US air strikes, Iraq struggles to build own air force

President Barack Obama told a recent interviewer he did not want the US military to become Iraq's air force. But he may have little choice. Iraq had only a fledgling air force when the United States withdrew in 2011. Washington has agreed to bolster Iraqi air power by selling

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