Europa Oil & Gas has been awarded a licence in the southern North Sea as part of the UK 28th licensing round.
The company said the conditional award of a promote licence over Block 41/24 was given by the OGA (Oil and Gas Authority) as part of a joint venture with Arenite Petroleum Limited.
A total of 41 new licences were awarded in the latest round and the second tranche of successful bids follows the 134 bids confirmed last year, totalling up to 175 licences covering 353 blocks.
The Oil and Gas Authority (OGA) today confirmed the final bids for the 28th offshore licensing round – making it one of the largest round-ups in 50 years.
Britain's Oil and Gas Authority (OGA) has given consent to Centrica to increase storage capacity at Rough, the country's largest gas storage site, the company said on Monday.
The OGA decision will enable the site to increase its storage capacity by around 15 billion cubic feet or 4.5 terrawatt hours (TWh), Centrica said in a statement.
Oil and Gas Authority (OGA) chief executive Andy Samuel will deliver the keynote speech at today’s Oil and Gas UK (OGUK) conference.
The industry leader, who was tasked with carving out the new regulatory body’s role in the sector, will discuss why the industry must simplify its current landscape and ‘ruthlessly prioritise and focus on the things that really matter – value and urgency’.
