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Brad Pitt indirectly slams marriage to Jennifer Aniston: 'I had an epiphany'
ABU DHABI, United Arab Emirates, Feb. 18 (UPI) -- The Abu Dhabi National Energy Co. announced it made a new oil discovery in a field off the northern coast of Scotland.
The company, also known as Taqa, said it encountered two oil columns of unspecified depth in the Darwin oil field in the North Sea near the Shetland Islands. The company said it was evaluating the reserve potential of the field.
Taqa Managing Director Leo Koot said in a statement that the discovery shows there's still a "great potential and that it is possible to unlock opportunity and produce growth through the use of cutting-edge technology and focused investment" in the North Sea.
The company recently started oil production at the nearby Cormorant East field, which is estimated to hold as much as 30 million barrels of oil. In January, Taqa shut production there briefly as a precautionary measure after hydrocarbons leaked from a leg of the Cormorant Alpha platform.
BP in November sold parts of its North Sea oil and natural gas assets to Taqa for more than $1 billion.
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WASHINGTON, May 22 (UPI) --
U.S. President Barack Obama would veto a House measure that would fast-track the approval of the planned Keystone XL oil pipeline, the White House said.
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SANTIAGO, Chile, May 21 (UPI) --
More than $4 billion of cash reserved for Chilean military procurement remains unspent because of mysterious workings of funding arrangements.
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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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