Energy News  
OIL AND GAS
South African waters drawing in energy companies
by Daniel J. Graeber
Stavanger, Norway (UPI) Oct 30, 2015


disclaimer: image is for illustration purposes only

Southern African waters drew more interest from energy explorers with Norway's Statoil and Italy's Eni wading into Mozambique waters.

Statoil and Eni were among those winning bids to explore for potential reserves in the waters off the coast of Mozambique, where depths range from 650 feet to 5,900 feet.

Nick Maden, a regional exploration director for Statoil, said Mozambique waters are among the more promising frontier basins in the area, where the oil potential is said to be "significant."

"The position strengthens and develops our global exploration portfolio," he said in statement.

Eni last year said it discovered natural gas in a well in an area off the Mozambique coast thought to hold 85 trillion cubic feet of gas in place. The company has said it was eager to help Mozambique become a hub for liquefied natural gas exports to Asian economies.

Analysis released last year from consultant firm IHS said East African basins were expected to add another 1 million barrels per day in production by 2025, led by Mozambique and Tanzania. More recently, the region is home to more than 25 percent of the natural gas discoveries made worldwide between 2010 and 2013.

The region has drawn increased interest in recent days. Statoil this week acquired a 35 percent stake in a frontier basin off the southeast coast of South Africa from a regional exploration subsidiary of Exxon Mobil. The so-called Tugela South exploration basin covers about 3,500 square miles. Water depths are up to 1.1 miles.


Thanks for being here;
We need your help. The SpaceDaily news network continues to grow but revenues have never been harder to maintain.

With the rise of Ad Blockers, and Facebook - our traditional revenue sources via quality network advertising continues to decline. And unlike so many other news sites, we don't have a paywall - with those annoying usernames and passwords.

Our news coverage takes time and effort to publish 365 days a year.

If you find our news sites informative and useful then please consider becoming a regular supporter or for now make a one off contribution.
SpaceDaily Contributor
$5 Billed Once


credit card or paypal
SpaceDaily Monthly Supporter
$5 Billed Monthly


paypal only


.


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

Previous Report
OIL AND GAS
US firm ordered to pay more over China oil spill: court
Shanghai (AFP) Oct 30, 2015
A Chinese court has ordered US oil giant ConocoPhillips to pay additional compensation to 21 fishermen over an oil spill more than four years ago, a statement said Friday. The spill in June of 2011 at the offshore Penglai field, jointly developed by ConocoPhillips and state-owned China National Offshore Oil Corporation (CNOOC), allowed more than 3,000 barrels of oil and oil-based mud - used ... read more


OIL AND GAS
How TIMED Flies: Unexpected Trends in Carbon Data

NASA's GRACE satellites evaluate drought in southeast Brazil

Dartmouth-led study explores wave-particle interaction in atmosphere

China plans to launch CO2 monitoring satellite in 2016

OIL AND GAS
U.S. Air Force prepares to launch next GPS IIF satellite

Russia to Open Four New Glonass Stations Abroad

Russia Prepares to Launch Glonass-M Navigation Satellite in December

Russian-Chinese Sat NavSystem to Launch on Silk Road, EEU Markets

OIL AND GAS
Amazonian natives had little impact on land, new research finds

NASA/USGS Mission Helps Answer: What Is a Forest

Elephants boost tree losses in South Africa's largest savanna reserve

More rain leads to fewer trees in the African savanna

OIL AND GAS
Wood instead of petroleum: Producing chemical substances solely from renewable resources

New UT study highlights environmental, economic shortcomings of federal biofuel laws

Light emitting diodes made from food and beverage waste

Study: Africa's urban waste could produce rural electricity

OIL AND GAS
China Sunergy Opens Solar Cell Factory in Korea

Entanglement at heart of '2-for-1' fission in next-generation solar cells

Duke Energy to add second solar project to "Sunshine State" customers

India gets help with renewable energy sector

OIL AND GAS
E.ON finishes German wind farm

Adwen and IWES sign agreement for the testing of 8MW turbine

US has fallen behind in offshore wind power

Moventas rolls out breakthrough up-tower planetary repairs for GE fleet

OIL AND GAS
Oldest Romanian mine closes after 156 years

Australia and Poland reject moratorium on new coal mines,

Greenpeace seeks to take over Vattenfall's German coal operations

Australia approves India-backed Adani mine despite fears for reef

OIL AND GAS
Two's a crowd for many Chinese after policy change

China ends one-child policy: state media

Psychedelic video sings praises of China's Five Year-Plan

UK police raid Tiananmen survivor's home over Xi protest









The content herein, unless otherwise known to be public domain, are Copyright 1995-2024 - 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. All articles labeled "by Staff Writers" include reports supplied to Space Media Network by industry news wires, PR agencies, corporate press officers and the like. Such articles are individually curated and edited by Space Media Network staff on the basis of the report's information value to our industry and professional readership. 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. General Data Protection Regulation (GDPR) Statement Our advertisers use various cookies and the like to deliver the best ad banner available at one time. All network advertising suppliers have GDPR policies (Legitimate Interest) that conform with EU regulations for data collection. By using our websites you consent to cookie based advertising. If you do not agree with this then you must stop using the websites from May 25, 2018. Privacy Statement. Additional information can be found here at About Us.