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Sonangol, Maersk Oil and partners strike oil with their first deepwater pre-salt well offshore Angola

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The Azul-1 well, the first to penetrate pre-salt objectives in Angolan deepwater, was drilled in water depths of 923 meters (3,028 feet) and reached a final depth of 5,334 meters (17,500 feet). The result may be a further step towards our goal of building up a significant business in Angola.

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Algenol Partners With Valero Services on Algae to Ethanol

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a subsidiary of Valero Energy Corporation, have entered a joint development agreement to explore combining Algenol’s Direct to Ethanol technology with Valero’s expertise in technology and infrastructure for production and distribution of transportation fuels and chemicals. is a privately owned company founded in 2006. Earlier post.)

2006 IT 199