Soon America won’t be alone with a glut of natural gas.   Statoil, the Norwegian oil company, made big oil industry news late last month announcing it had found huge volumes of natural gas off the coast of Tanzania thus confirming east Africa’s reputation as one of the energy world’s most promising new frontiers. The area […]

Back in August we looked at the world’s leading oil discovery firm, Statoil, out of Norway and its new field.  Statoil confirmed their new oil field would be a giant that at that date would be a 500 million to 1.2 billion recoverable barrel field.  That’s changed now, and for western hemisphere consumers, great news. […]

Disruptive Governing

August 23, 2011 | 2 Comments

Whatever one might think of the Obama presidency and the progress of the country or the direction the country is headed, the question is coming up more and more on whether the President has the best interests of the country in mind or serves his ideology first – a way to describe one kind of […]

Statoil has confirmed their new oil field discovery will be classified as a giant oil field discovery.  Two reservoir zones called the Aldous and Avaldsnes are believed to be communicating the petroleum. Combined the discovery should come in between 500 million and 1.2 billion barrels of recoverable oil equivalent.  Note that’s ‘recoverable’ – making for […]