Latest news
British regulator awards North Sea oil and gas licences
Britain's oil and gas regulator on Wednesday awarded 24 new hydrocarbon exploration licences to 17 companies as part of efforts to extend production in the ageing basin.
read more... 01/02/2024
BP ventures back into oil frontiers to boost output
BP is ramping up oil exploration and drilling activity in frontier prospects as the energy giant tries to stem a decline in its oil and gas output after years of focusing on a shift to renewables to cut carbon emissions.
read more... 11/05/2023
Norway plans to offer record number of Arctic oil, gas exploration blocks
Norway on Tuesday said it plans to offer energy firms a record number of oil and gas exploration blocks in the Arctic as it seeks to prolong its hydrocarbon production, while green campaigners criticised the risk to the environment.
read more... 26/01/2023
UK stands by offshore oil, gas licensing despite rising tensions over net-zero targets
The UK will still consider offering new offshore oil and gas licenses in the future, energy minister Anne-Marie Trevelyan said June 23, despite rising pressure on the country to ban new exploration in the wake of a landmark report on global carbon emissions by the International Energy Agency.
read more... 24/06/2021
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Norway Expands Arctic Oil Exploration
Norway has awarded four new exploration licenses in frontier Arctic areas as it looks to support its oil and gas industry, as well as value and job creation, the Ministry of Petroleum and Energy said on Wednesday.
read more... 24/06/2021