Latest news

Norway doubles Barents Sea oil and gas resource estimates

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 receives the green light for Trestakk field exploration in Norwegian Sea

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


Greece: Repsol reaches agreement with Energean Oil over two Greek onshore blocks

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


Eni discovers oil in offshore Mexico

Italian oil and gas giant Eni made a significant oil discovery in the shallow waters of Campeche Bay in offshore Mexico.

read more... 27/03/2017


OGA awards 25 licenses for exploration and production nearby UK Continental Shelf

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