Ithaca, Kolvetni and Petoro licence in the Dreki Area relinquished - 4.1.2017

Orkustofnun has today approved the request from the operator Ithaca Petroleum ehf that the company along with its partners, Kolvetni ehf and Petoro Iceland ehf, to be allowed to relinquish their licence issued on 4 January 2013 Read more

Options and possibilities on geothermal energy in Ukraine - 17.11.2016

A report from the National Energy Authority (NEA) to the Ministry for Foreign Affairs State was presented at Kiev in Ukraine on November 11 Read more

CNOOC, Eykon and Petoro optimistic on the status and continuation of oil exploration in Iceland - 7.10.2016

The Chinese oil company CNOOC International recently had a meeting with Orkustofnun and co-licensees, Eykon ehf. and Petoro Iceland. The meeting was positive and the results of seismic that was aquired in 2015 call for further exploration.

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Geothermal energy at the forefront of cooperation with Iceland - 30.6.2016

Bilateral relations between Iceland and the beneficiary countries are strengthened through a wide range of partnership activities. Iceland has put geothermal energy in the forefront of its cooperation with the beneficiary countries. Read more