That money could come from selling its natural gas subsidiary OGX Maranhão and from a possible investment by the Malaysian petroleum company Petronas in one of OGX's offshore petroleum blocks, the company's documents said.
The first big test will come Oct. 21, when Brazil will auction rights to invest in an offshore petroleum exploration block named Libra.
A senior commander of the Revolutionary Guard said Tehran's leadership had decided to order the closure of the Strait of Hormuz, a strategic oil route, if the country's petroleum exports were blocked.
Those companies, along with Anadarko Petroleum, are exploring blocks off the shore of Ghana that are expected to hold well over 2 billion barrels of oil.
Furanic compounds such as 5-hydroxymethylfurfural (HMF) can be obtained from sugars and have the potential to serve as substitutes of petroleum derived building blocks in the production of fuels and chemicals.
5-HMF is a dehydration product of hexoses and a potential substitute of petroleum-based building blocks of various polymers.
Exploring bio-renewable materials to replace petroleum-based building blocks for advanced coatings has been a major thrust area for researchers for the development of eco-friendly and sustainable products.
Yet all is not smooth sailing as Mr. Barney attempts to explain his creative process while wrangling 45,000 pounds of petroleum jelly and a massive block of whale vomit.
Tiber comprises multiple Lower Tertiary petroleum reservoirs located in Keathley Canyon block 102 about 250 mile southeast of Houston and 300 mile south west of New Orleans.
Keeping the cold sore covered up with petroleum jelly will help to block out bacteria and viruses that worsen the infection.
Foreign investors have been granted licenses to explore offshore blocks for potential petroleum and natural gas reserves, but these actions have not yet yielded any production.
