Statoil confirms mega oil discovery in the Norwegian North Sea

...Statoil's Aldous was discovered in Production License 265, and the Lundin-operated (LON:ONNR) (TSX:LUP) Avaldsnes is located in PL 501.Earlier this month, Statoil discovered a minimum 65-meter oil column with the Aldous Major South well 16/2-8. This well established common oil/water contact between...

Nigerian Petroleum Industry Auditor Weighs In On PIB Debate

....In the absence of regulatory risk, potential foreign investors would have plenty of reasons to be positive about investing in the Nigerian oil and gas industry. An economy with healthy growth of 7.8% in 2011 has very attractive energy dynamics. Oil demand is forecast to average 3.62mn barrels...

The Abiogenesis of Petrol and Life

Iceworms (Hesiocaeca methanicola) infest a solid piece of orange methane ice at 540m depth in the Gulf of Mexico.Photo by Ian MacDonald. http://oceanexplorer.noaa.gov/explorations/06mexico/background/plan/media/iceworms_600.htmlIce shrimp congregate beneath the overhang that caps the methane hydrate.Photo...

UNEP Ogoniland Oil Assessment to be Presented to Nigerian Government - UNEP

UNEP Ogoniland Oil Assessment to be Presented to Nigerian Government - U...