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2014-10-14 20:05:00

TANZANIA OFFSHORE GAS: 216 MB

TANZANIA OFFSHORE GAS: 216 MB

Norwegian oil company Statoil ASA ( STO ) said Tuesday that with its partner ExxonMobil Corp. ( XOM ) it has discovered 1.2 trillion cubic feet of natural gas, or 216 million barrels of oil equivalent, in the Giligiliani-1 well offshore Tanzania, the joint venture's seventh discovery in the block 2 area.

"This discovery has proven the gas play extends into the western part of block 2, which opens additional prospects," said Nick Maden, senior vice president for Statoil's exploration activities in the Western Hemisphere. "Our success rate in Tanzania has been high."

Statoil is the operator of the block 2 license, on behalf of the Tanzania Petroleum Development Corporation, with a 65% working interest. ExxonMobil holds 35%.

nasdaq.com

Tags: STATOIL, EXXON, TANZANIA, GAS,

Chronicle:

TANZANIA OFFSHORE GAS: 216 MB
November, 24, 09:15:00

SAUDI'S OIL FOR CHINA

BLOOMBERG - As Saudi Arabia led OPEC’s output cuts this year to shrink a global glut, it’s lost out on market share in the world’s biggest energy consumer. Russia in September retained the top Chinese supplier spot for the seventh straight month, while the kingdom was third.

TANZANIA OFFSHORE GAS: 216 MB
November, 24, 09:10:00

URALS QUALITY WILL DOWN

PLATTS - The quality of Russia's key Urals crude exports towards Europe will continue to fall next year as more of the country's low-sulfur oil flows are diverted eastward to China, Russian national oil pipeline operator Transneft warned.

TANZANIA OFFSHORE GAS: 216 MB
November, 24, 09:05:00

S.KOREA'S SOLAR UP

FT - OCI — the world’s third-largest polysilicon maker by capacity and South Korea’s biggest — this month reported a 3,373 per cent increase in operating profit to Won78.7bn ($72m) for the July-September quarter, its best performance in five years. Rival Hanwha Chemical saw third-quarter net profit jump 25 per cent to a record Won252bn. 

TANZANIA OFFSHORE GAS: 216 MB
November, 24, 09:00:00

U.S. RIGS UP 8 TO 923

U.S. Rig Count is up 330 rigs from last year's count of 593, with oil rigs up 273, gas rigs up 58, and miscellaneous rigs down 1 to 0. Canada Rig Count is up 41 rigs from last year's count of 174, with oil rigs up 13, gas rigs up 30, and miscellaneous rigs down 2 to 2.

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