Norwegian gas system operator Gassco is planning to build a 300-mile natural gas pipeline to the lower Arctic, the firm said today.
offshore licensing round
Petroleum Geo-Services (PGS) has embarked on a 15,550sq km seismic survey offshore Uruguay using its GeoStreamer technology and the survey vessel Ramform Vanguard.
There have long been known challenges to exploring for oil and gas in the Arctic.
Independent oil and gas exploration firm Trapoil said today it is looking for opportunities to become an operator and grow its exploration portfolio after announcing a £4.3million share placing.
Results from the UK's 25th offshore licensing round emerged yesterday, with announcements by a number of the successful companies.
A record offshore licensing round last night lifted the gloom cast by yesterday's news of soaring unemployment and fears of an even deeper recession.