Norway’s oil regulator, Norwegian Petroleum Directorate (NPD), announced new forecasts on Tuesday, concerning the unfound oil and gas resources in the Arctic Barents Sea area, doubling them at approximately 17.6 billion barrels.
read more... 25/04/2017
Statoil received the green light from the Norwegian authorities for the Plan for Development and Operation (PDO) of the Trestakk discovery on the Halten Bank in the Norwegian Sea.
read more... 07/04/2017
Energean Oil & Gas has made an announcement that the company has inked the agreement that will grant 60% interest in its Ioannina and Aitoloakarnania blocks, onshore Western Greece, to Spain’s Repsol, which also is going to become the operator for these blocks.
read more... 03/04/2017
As part of the 29th licensing round, the Oil and Gas Authority (OGA) is to award 25 licenses for 111 blocks or part blocks to17 companies, in order to assure further exploration and production across frontier areas of the UK Continental Shelf (UKCS).
read more... 24/03/2017