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Chaz Bono 65 lbs weight loss: I really like what I see
KUALA LUMPUR, Malaysia, Nov. 2 (UPI) -- Malaysian Prime Minister Najib Razak announced state oil company Petronas found a substantial amount of oil for the first time in more than 30 years.
Razak was quoted by energy reporting website Rigzone as saying Petronas discovered oil off the coast of Pahang state, a first for the company since it was formed in 1975.
Petronas, along with Sweden's Lundin Petroleum made the discovery in the offshore Bertram field.
"With addition of these reserves, the Bertam field now contains recoverable oil reserves of 64 million barrels," Rigzone quoted the prime minister's website as saying.
The minister said crude oil production there could be as high as 20,000 barrels per day once work begins in late 2014.
Lundin serves as the operator of the field, which is about 100 miles off the coast in 249 feet of water.
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| Additional Energy Resources Stories | |
TEL AVIV, Israel, May 17 (UPI) --
Nobel Energy of Houston, which discovered Israel's big gas fields in the eastern Mediterranean, is pressing the government to decide soon on an energy export policy as the prospect of an undersea pipeline to Turkey gains credibility.
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TEL AVIV, Israel, May 17 (UPI) --
mid growing concerns about security threats from Syria and Iran, Israeli Prime Minister Binyamin Netanyahu has greatly reduced planned defense budget cuts.
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Properties repossessed by lenders in the first quarter took an average of 477 days to complete the foreclosure process, up from 414 days in the previous...
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Nobody likes spending cuts but the champion of that attitude is clearly President Barack Obama, who seems to have a very clear pain-avoidance agenda.
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