In Iran, Lundin reportedly maintains a 30% non-operating interest in the country's Munir oil block in the Khuzestan region.
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He was a close ally, loyalist and confidante of the late Nigerian dictator, Sani Abacha, who rewarded General Danjuma with an oil block.
Collective efforts to block oil shipments from Iran have forced Asian and European countries to look for alternative supplies from Saudi Arabia, Russia and other producers.
Both the US and EU have since lobbied countries around the world to block Iranian oil imports.
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Excerpted from the July 6 issue of Block Traders' Oil and Gold Monitor.
Meanwhile, Cairn India - in which Edinburgh-based Cairn has a 10% stake - has made its 26th oil discovery in the Rajasthan block.
They also voted to block drilling for oil and gas in the Gulf of Mexico and the Great Lakes over the objection of the White House.
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Since we started three years ago keeping the scorecard of the most recent 12-months' closed out recommendations from Block Traders' Oil and Gold Monitor, the annual rate of gain has dipped down into the high 20%'s only once.
As for the sanctions brought by the U.S. and European Union seeking to block exports of Iranian oil?
Last year, for similar reasons, they took control of Barrancabermeja, an oil city, after months of block-by-block combat with guerrillas.
Unable to stop Canadian oil drilling and tar sand extraction programs, environmental groups are now trying to block any pipeline that is proposed out of the oil producing regions.
Over five and a half million feet of boom has been laid across the water to block and absorb the approaching oil.
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Earlier today, the White House Natural Resources Committee voted to block BP from getting future offshore oil drilling leases.
Tribes in the north of British Columbia are threatening court action to block Northern Gateway, a planned oil pipeline.
Nationalist politicians still block any private stake in the oil company.
Oryx expects to learn more when it drills Banan this year. (See and excellent map of all the Kurdish oil and gas concessions here.) In an optimistic scenario laid out in the Oryx prospectus, Demir Dagh has the potential to give up 215, 000 bpd of oil by 2017, with the entire Hawler block (65% Oryx interest) producing more than 300, 000 bpd by 2018.
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Last August Malabu sued Shell, accusing it of colluding with Nigerian officials to snatch its juicy oil prospecting license, OPL 245, a giant block in the deepwater area of the Niger Delta, with estimated reserves of more than 1 billion barrels.
You started your career of service as a community organizer and now we are hearing from people like -- organizations like the CBC is saying rebuilding our economy on the backs of the most vulnerable Americans is something that is simply not acceptable, like the cuts to the Community Service Block Grants, Pell Grants, heating oil assistance, and freezing salaries of federal workers.
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While other attempts are planned to block the hole, it is probable that oil will continue to pour from it for another couple of months, until relief wells are drilled to intersect and reduce the pressure in the currently flowing well and cut-off the leakage of perhaps 50 million barrels of oil contained there by the injection of concrete deep into the seabed.
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South Sudan accuses Sudan of arming Yau Yau's rebellion in order to block South Sudan's plans to build an oil pipeline through Ethiopia to a port in Djibouti.
His ministry said in a statement posted on its website that the government began administrative actions against Pluspetrol in March 2012 over contamination at block 1AB, long Peru's biggest crude oil field.
Yet mitigating the risk of default is the fact that Ecuador's ability to service its debt has improved in recent months, as high energy prices, increased taxation of the oil sector and the state's take-over of Block 15 previously run by a US company, Occidental Petroleum (Oxy), are boosting the fiscal surplus and foreign reserves.
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The man worked for Shell Oil, which wanted to build a new gas station down the block.
Mainstream Islamists, such as the economy minister, Abdullah Shamia, speak not of imposing Islamic law but of respecting contracts with foreign oil companies, diversifying the economy away from oil dependence, wooing investment, and regulating the labour market to block a new influx of migrant workers seeking passage to Europe.
There is speculation that Marathon, an American oil company, may dispose of its 32.5% share in Block B, in southern Sudan.
Oil companies are currently exploiting some parts of the reserve, including a block bordering the Yasuni Ishpingo Tambococha Tiputini area, licensed to the Brazilian company Petrobras.
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