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Using new seismic imaging technique, BP finds significant additional resources in the Gulf of Mexico

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BP announced a major breakthrough in seismic imaging that has identified more than 200 million barrels of additional resources at BP’s Atlantis field in the deepwater Gulf of Mexico.

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BP closes out 2013 with deepwater finds in Gulf of Mexico and offshore Angola; new activity offshore Brazil

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Earlier in December, Cobalt International Energy announced a significant discovery at its Lontra well in the pre-salt play offshore Angola, in which BP holds a 30% interest. Estimated post-drill resource range for Lontra is 700 million to 1.1+ Click to enlarge. billion barrels of oil equivalent, according to Cobalt.

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UTM Offshore signs FEED agreement for Nigeria’s first floating liquefied natural gas (FLNG) facility

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The penetration of FNLG in Africa, which started in Cameroon and expanded to Angola and Mozambique and now to Senegal, Mauritania and Nigeria, highlights Africa’s commitment to unlocking the full exploitation of its gas resources. UTM Offshore’s signing of the deal will be a game changer within Africa’s gas market.

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Eni announces first production from the Junin-5 giant heavy oil field in Venezuela

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Deepwater Angola. Separately, Eni reported its ninth oil discovery in deepwater offshore Angola, in Block 15/06, increasing the resource base of the West Hub project. This discovery confirms Angola as one of the core countries in Eni’s organic growth strategy. Eni is operator of Block 15/06 with 35%.

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GECF: more than a quarter of 2050 natural gas supply untapped

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Yet-to-find (YTF) resources will contribute to around 30% of the total production of natural gas worldwide by 2050, according to Yury Sentyurin, the Secretary General of the Gas Exporting Countries Forum (GECF).

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Cobalt and Total announce significant North Platte deepwater Gulf of Mexico discovery

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an independent oil exploration and production company focusing on the deepwater US Gulf of Mexico and offshore Angola and Gabon, announced a significant oil discovery at its North Platte prospect on Garden Banks Block 959 in the deepwater Gulf of Mexico. Cobalt International Energy, Inc., In the Gulf of Mexico, Total also holds a 33.3%

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ExxonMobil brings Kearl oil sands expansion online ahead of schedule; overall capacity doubling to 220K barrels per day

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billion barrels of resource for more than 40 years. The California Air Resources Board (ARB) established the 2014 Crude Average carbon intensity of 11.30 Kearl will access approximately 4.6 Earlier post.).

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