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Oil & Gas

Total strikes oil in Gulf of Mexico

French energy firm Total said yesterday it had made a significant oil discovery in the Gulf of Mexico, with a potential of several hundred million barrels of oil.

Oil & Gas

Mozambique oil strike for Anadarko

ANADARKO has apparently made an oil discovery offshore Mozambique with an exploration well drilled into the Ironclad Prospect, which is located on the same block as the recent Windjammer gas discovery. It was in February that the US independent made a gas discovery with its Windjammer probe. Early estimates place reserves in the 4-10trillion cu ft range.