Norway is now the second richest country in Europe, in terms of income per person, after Luxembourg. The population of 4.6million is a little smaller than Scotland's.
MELROSE Resources said yesterday it had signed a farm-in agreement with Sterling Resources under which it would earn a 32.5% interest in two blocks in the Black Sea, offshore Romania.
Marathon Oil said yesterday it had agreed to sell its wholly owned subsidiary Marathon Oil Ireland to Star Energy, which is owned by Malaysian national oil company Petronas, for about £118million.
NATIONAL Iranian has reported that four new oil&gas fields probed over the past two years have in-place reserves totalling 3.7billion barrels of oil and 52.97billion cu ft of gas.
