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Statoil Finds Further 2-3 Trillion Cubic Feet of Gas Offshore Tanzania

By Dominic Chopping Norwegian oil major Statoil ASA (STO) Wednesday announced it has found a further two to three trillion cubic feet (tcf) of natural gas in its Piri-1 well offshore Tanzania. The discovery brings total volumes in the Block 2 drilling area to 20 tcf. Further exploration and appraisal wells will be drilled in the area throughout 2014 and 2015. Statoil operates the licence on Block 2 on behalf of Tanzania Petroleum Development Corporation (TPDC) and has a 65% working interest. ExxonMobil Exploration and Production Tanzania Limited holds the remaining 35%. At 0944 GMT shares traded 0.8% higher at NOK189.10. -Write to Dominic Chopping at dominic.chopping@wsj.com; Twitter: @WSJNordics Subscribe to WSJ: http://online.wsj.com?mod=djnwires

Stock News for Exxon Mobil (XOM)
DateTimeHeadline
05/27/201616:52:00Big Oil Companies Stay Shy Despite Upswing in Prices
05/27/201611:36:03Statement of Changes in Beneficial Ownership (4)
05/26/201611:02:44Initial Statement of Beneficial Ownership (3)
05/26/201610:42:27Specialized Disclosure Report (sd)
05/26/201603:03:00Climate-Change Tests Voted Down -- WSJ
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05/25/201617:02:00Exxon, Chevron Shareholders Narrowly Reject Climate-Change Stress...
05/25/201617:00:00Exxon, Chevron Shareholders Reject Climate-Change Stress Tests
05/25/201616:26:00Exxon, Chevron Shareholders Narrowly Reject Climate-Change Stress...
05/25/201613:07:00Angela Braly Elected to ExxonMobil Board
05/25/201610:50:00White House to Push Companies for More Disclosure on Greenhouse...
05/24/201615:46:56Notice of Exempt Solicitation. Definitive Material. (px14a6g)
05/23/201603:03:00Exxon Faces a Proxy-Access Vote -- WSJ
05/22/201622:30:00Evacuation Order Lifted for Some Canadian Oil Sites
05/21/201614:32:00Evacuation Order Lifted for Some Canadian Oil-Sands Sites
05/21/201606:00:00Exxon Faces Proxy Access Showdown, Again
05/20/201616:00:00Alberta Wildfire Has Stopped Spreading, Officials Say
05/19/201623:40:00Oil Search in $2.2 Billion Deal to Buy InterOil
05/19/201619:59:00Cool, Wetter Weather Aids Firefighting Efforts in Canada -- Update
05/17/201612:30:00Plains All American, Employee Face Charges in Spill

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