Tullow makes its first Arctic oil discovery.

Guardian: “Tullow Oil, one of the Britain’s most successful exploration groups, has made its first discovery in the  Arctic in a move which will encourage more drilling and anger green groups….. Shares in Tullow climbed more than 3% as well operator OMV said it had struck a reservoir in the Barents Sea off the far north of Norway which could contain up to 160m barrels of oil and 40bn cubic feet of recoverable gas.”