News Archive for: November 2013

Britain has awarded a record number of offshore oil and gas licences in its latest round of tenders, it said on Friday, as the country scrambles to attract new exploration before existing infrastructure is decommissioned.

The energy ministry awarded 52 exploration licences under the second and final tranche of its…

A record number of UK independent oil companies have been granted licences to explore the North Sea today.

A total of 52 new licences have been announced, bringing the number of offers of awards in the 27th round to 219 – an all-time record.

They included licences being awarded to 21…

Statoil will focus exploration on Norway, the Gulf of Mexico, Angola and Tanzania, and will also move deeper into the Arctic with wells in the Faroe Islands, exploration chief Tim Dodson told Reuters on Monday. “Next year you can expect about the same level of activity we had this…

Fracking and the development of shale gas in Europe could create one million new jobs and add up to £3 trillion to the value of European economies, new research has found.

Shale gas has the potential to make flagging industries more competitive and reduce dependence on expensive energy imports but…

The development of a second major North Sea project could be delayed after its operator admitted the project was not worth the current cost.

But the biggest stakeholder in the project insists that the Rosebank field remains an important part of their plans after spending more than $2billion to increase…