News: September 2011

The National Energy Authority grants TGS-NOPEC a license to prospect for hydrocarbons - 9.9.2011

The National Energy Authority of Iceland has today issued a license to prospect for hydrocarbons to TGS-NOPEC Geophysical Company ASA in the northern part of the Dreki Area.

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Changes to the Act on Taxation of Hydrocarbon Extraction and the Hydrocabons Act approved by Althingi - 9.9.2011

Bills that were necessary pre-requisites to the Second Licensing Round on the Icelandic Conintental Shelf have now been approved by Althingi.

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