Advertisement
UK markets close in 1 hour 37 minutes

  • FTSE 100

    8,440.09
    +58.74 (+0.70%)
     

  • FTSE 250

    20,680.42
    +149.12 (+0.73%)
     

  • AIM

    789.60
    +5.90 (+0.75%)
     

  • GBP/EUR

    1.1619
    +0.0008 (+0.07%)
     

  • GBP/USD

    1.2536
    +0.0012 (+0.09%)
     

  • Bitcoin GBP

    50,313.43
    +1,557.89 (+3.20%)
     

  • CMC Crypto 200

    1,302.78
    -55.23 (-4.07%)
     

  • S&P 500

    5,236.72
    +22.64 (+0.43%)
     

  • DOW

    39,545.49
    +157.73 (+0.40%)
     

  • CRUDE OIL

    79.81
    +0.55 (+0.69%)
     

  • GOLD FUTURES

    2,371.80
    +31.50 (+1.35%)
     

  • NIKKEI 225

    38,229.11
    +155.13 (+0.41%)
     

  • HANG SENG

    18,963.68
    +425.87 (+2.30%)
     

  • DAX

    18,781.07
    +94.47 (+0.51%)
     

  • CAC 40

    8,232.77
    +45.12 (+0.55%)
     
PROPERTY:

Homes with investment potential

These residential properties could bring in a good ROI

Statoil starts up new Valemon gas and condensate field in North Sea

Reuters - UK Focus

OSLO, Jan 3 (Reuters) - Norwegian oil and gas firm Statoil has started up the Valemon gas and condensate field in North Sea on Saturday and expects to recover up to 192 million barrels of oil equivalents over the field's lifetime, it said in a statement.

Valemon, a high pressure and high temperature field, will cost 22.6 billion crowns ($3.0 billion) once all production wells are in operation, Statoil (Xetra: 675213 - news) said.

Shareholders in the field include Statoil (53.77 percent), state holding firm Petoro (30 percent), Centrica (13 percent) and Royal Dutch Shell (Xetra: R6C1.DE - news) (3.23 percent). (Reporting by Balazs Koranyi, editing by Stine Jacobsen)