Statoil hits more oil in Aldous Major South appraisal
The North Sea appraisal well drilled by the rig Transocean
Leader “has proven an oil column in a range between 50 and 55
metres in Jurassic sandstone,” Statoil said.It added that the well is located 4.2 kilometres north of
the original discovery well in the Aldous Major South structure
on the Utsira Height.Statoil is operator of the field and owns a 40 percent
interest, while state-owned Petoro has 30 percent, Det Norske
Oljeselskap has 20 percent and Lundin Petroleum of Sweden has 10
percent.
Telstra shareholders back $11 bln network sale
The alternative, competing against Australia’s new
state-owned high speed broadband company, losing access to new
digital spectrum and nursing a fixed line network with declining
revenue, would have left Telstra nearly $5 billion worse off,
according to an independent expert’s advice to shareholders.
Indonesia’s Bakrie says close to securing new loan deal
Commodity giant Glencore International has been
seen as a frontrunner and likely partner for the Bakries since
news of the refinancing talks earlier this month, with analysts
pointing to its relationship with the family and existing coal
marketing agreements.Reuters reported on Thursday that Glencore was nearing a
deal to make a $800 million to $900 million loan that would give
it additional marketing rights on coal produced by
Bakrie-controlled Bumi Plc , the world’s largest
exporter of seaborne thermal coal.
