Subscribe free to our newsletters via your
. Farming News .




OIL AND GAS
Oettinger: Norway 'essential' piece of European gas puzzle
by Daniel J. Graeber
Brussels (UPI) Sep 26, 2014


Statoil finds gas in Johan Castberg field in Barents Sea
Stavanger, Norway (UPI) Sep 26, 2014 - The Norwegian government confirmed Friday a natural gas discovery was made by Norwegian energy company Statoil in the Johan Castberg field in the Barents Sea.

Statoil finished drilling a wildcat well, a well drilled into an area not previously known to contain oil or natural gas, in the Johan Castberg area of the Barents Sea.

"Preliminary estimates place the size of the discovery at between 175 billion and 500 billion standard cubic feet of recoverable gas," the Norwegian Petroleum Directorate, a national regulator, said in a statement Friday. "The discovery will be subject to further evaluation."

The well was drilled using the Spitsbergen rig, leased by Statoil from rig company Transocean.

More than a dozen Greenpeace demonstrators took part in a protest against Statoil's drilling plans for arctic waters by boarding the Transocean rig in May. Around half of them surrendered their campaign voluntarily and Statoil said the seven activists who remained behind were arrested by Norwegian police.

In terms of oil, Statoil in July said Johan Castberg had less new oil resources than expected.

Norwegian Energy Minister Tord Lien said his country has the resources and infrastructure in place to serve as a steady partner in the European energy sector.

Lien met in Brussels with European Energy Commissioner Gunther Oettinger during a bilateral energy conference.

Lien said less than 30 percent of the natural gas available on the Norwegian continental shelf has been produced, meaning Norway can be a reliable partner for the European community for decades to come.

"We have both the infrastructure and the resources to remain a stable supplier of natural gas to Europe for decades to come," he said in an address Thursday. "Our production has grown more or less uninterrupted for 20 years."

Norway last year sent 92 percent of its oil exports and at least 98 percent of its gas exports to European markets.

With Europe looking to diversify an energy sector dependent on Russia, Oettinger said Norway stands to reap the benefits.

"Norway is an essential piece in the puzzle," he said.

Norway and Russia are the top natural gas exporters to the European Union. The Norwegian government said its gas accounts for 20 percent of the European market.

.


Related Links
All About Oil and Gas News at OilGasDaily.com






Comment on this article via your Facebook, Yahoo, AOL, Hotmail login.

Share this article via these popular social media networks
del.icio.usdel.icio.us DiggDigg RedditReddit GoogleGoogle




Memory Foam Mattress Review
Newsletters :: SpaceDaily :: SpaceWar :: TerraDaily :: Energy Daily
XML Feeds :: Space News :: Earth News :: War News :: Solar Energy News





OIL AND GAS
Marcellus drilling boom may have led to too many hotel rooms
University Park PA (SPX) Sep 26, 2014
Drilling in Pennsylvania's Marcellus Shale region led to a rapid increase in both the number of hotels and hotel industry jobs, but Penn State researchers report that the faltering occupancy rate may signal that there are now too many hotel rooms. "Demand is still high in many of the counties in the Marcellus Shale region, but the occupancy rate is starting to come down," said Daniel Mount ... read more


OIL AND GAS
Dry Conditions and Lightning Strikes Make for a Long California Fire Season

NASA Airborne Campaigns Focus on Climate Impacts in the Arctic

Severe flooding in Northern Pakistan photographed by NASA

EIAST announces Remote Sensing Applications Competition 2014

OIL AND GAS
Russia Unable To Reject Foreign Parts in GLONASS Satellites

Talks Over GLONASS Station Locations in US on Hold

Sam Houston State study examines use of GIS in policing

Western Sanctions Fail to Impede GLONASS Satellite Production

OIL AND GAS
Major palm oil companies to halt deforestation

Smithsonian Scientists Discover Tropical Tree Microbiome in Panama

Britain pledges funds in fight against deforestation

Global change: Trees continue to grow at a faster rate

OIL AND GAS
Plant variants point the way to improved biofuel production

Search for better biofuels microbes leads to the human gut

3D imaging may improve understanding of biofuel plant materials

Ethanol fireplaces: the underestimated risk

OIL AND GAS
Solar cell compound probed under pressure

Denver Taps Community Solar for Sustainability Initiative

Successful Upscaling of OPV Cells Paves Way for Market Introduction

Kyocera joins imec's program on advanced silicon solar cell technology

OIL AND GAS
UAE's Masdar joins mega wind project off Britain

Scottish renewable energy output up 30 percent from 2013

RWE Innogy gets new British wind energy running

Moventas to service two turbines in Eesti Energia's Aulepa wind park

OIL AND GAS
Australia approves huge India-backed mine

Beijing shuts large coal power plant to curb smog: report

OIL AND GAS
Tibetan man self-immolates in China: reports

Daughters of Chinese activists demand meeting with Obama

China's Xi starts South Asia tour in "paradise"

14 Nobel Laureates urge Zuma to give Dalai Lama visa




The content herein, unless otherwise known to be public domain, are Copyright 1995-2014 - Space Media Network. All websites are published in Australia and are solely subject to Australian law and governed by Fair Use principals for news reporting and research purposes. AFP, UPI and IANS news wire stories are copyright Agence France-Presse, United Press International and Indo-Asia News Service. ESA news reports are copyright European Space Agency. All NASA sourced material is public domain. Additional copyrights may apply in whole or part to other bona fide parties. Advertising does not imply endorsement, agreement or approval of any opinions, statements or information provided by Space Media Network on any Web page published or hosted by Space Media Network. Privacy Statement All images and articles appearing on Space Media Network have been edited or digitally altered in some way. Any requests to remove copyright material will be acted upon in a timely and appropriate manner. Any attempt to extort money from Space Media Network will be ignored and reported to Australian Law Enforcement Agencies as a potential case of financial fraud involving the use of a telephonic carriage device or postal service.