Earlier on Tuesday Statoil announced that it had struck oil
in the appraisal well 4.2 kilometres north of its original
Aldous Major South discovery, whose contents the company has
estimated at 400 to 800 million barrels of oil equivalent.It said the appraisal well “has proven an oil column in a
range between 50 and 55 metres in Jurassic sandstone”.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.Shares in Det Norske were up 6.9 percent at 0731 GMT at
50.25 Norwegian crowns, while Lundin shares were up 1.6 percent
at 135.80 Swedish crowns.Statoil stock was trading 0.22 percent higher at 137.5
Norwegian crowns on an Oslo bourse whose main index was
down 0.77 percent
He warned that without government intervention there could be no American-made solar panels within five years.Levin also urged the Obama administration to depart from past practice and formally label China a currency manipulator in a semi-annual report due by Saturday.”I think they should, but I’m not sure of the timing,” he said, noting the report is often delayed.
