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'Biggest Loser' divorce: Sam Poueu, Stephanie Anderson split before baby's birth
OSLO, Sweden, Jan. 14 (UPI) -- Swedish energy company Lundin Petroleum said Monday it was looking for the presence of hydrocarbons in the southern waters of the North Sea.
Lundin said it was drilling an exploration well in the Ogna prospect in the Norwegian waters of the North Sea. The company said the main purpose of the drilling was to prove the existence of hydrocarbons.
"Lundin Petroleum estimates the Ogna prospect to contain unrisked, gross, prospective resources of 156 million barrels of oil equivalent," the company said in a statement.
Drilling is expected to last about 50 days and reach a depth of about 8,000 feet below mean sea level.
Last week, the company said its Norwegian subsidiary started drilling an appraisal well in the southeastern section of the Johan Sverdrup discovery of the eastern coast of Norway. Energy company Statoil that same week said it found a 98-foot gross column of oil from appraisal well 16/2-15 in the discovery area.
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WASHINGTON, May 9 (UPI) --
The U.S. government has an obligation to ensure that oil and natural gas deposits are developed responsibly, a natural resource advocate testified.
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LONDON, May 9 (UPI) --
Rolls-Royce will continue to repair and overhaul its T56 engines used on U.S. Navy aircraft under a recently awarded contract extension.
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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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