Vår Energi makes new oil discovery in Balder area
The find, made in production licence 956, is estimated to contain recoverable resources of between 13 and 23 million barrels of oil (mboe).
The find, made in production licence 956, is estimated to contain recoverable resources of between 13 and 23 million barrels of oil (mboe).
The Biden administration has raised royalty rates on oil drilling from 12.5% to 16.67%, marking the first increase in more than 100 years.
The oil & gas industry continues to be a hotbed of patent innovation. Activity is driven by the need for...
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