Tanzania could be preparing for yet another licensing round of its offshore oil and gas blocks in the second quarter of 2019, more than four years after the last auction did not yield the anticipated results on the back of the country's complex regulatory regime…
Africa's offshore oil and gas potential remains largely unexploited, and 2019 may turn out to be a good indicator on whether countries with shallow-, deep- and ultra-deepwater hydrocarbon resources can make headway in attracting exploration and production investments…
Japan’s Inpex Corporation, through its unit Inpex Norge bagged two exploration licenses offshore Norway in Norway’s Awards in Predefined Areas (APA) 2018 licensing round.The PL1027is located in the western Barents Sea offshore and PL1016 is…
The oil exploration and development company focusing petroleum resources on the Norwegian Continental Shelf Aker BP has been offered interests in 21 new production licenses in Norway, of which 11 as operator, through the Awards in pre-defined areas (APA 2018) licensing round…
India will start auctioning for 14 oil and gas blocks in its second exploration licensing round on Monday, giving freedom to the companies to carve out areas they want to drill.The blocks together hold undiscovered reserves of about 14,995 million tonnes of oil equivalent…
The U.K.’s latest offshore licensing round has attracted 36 applications covering 164 blocks in frontier areas of the U.K. Continental Shelf (UKCS). A strong and diverse set of applications were received from 35 companies ranging from multinationals to microbusinesses…
The fast-track 3D seismic data from CGG’s recent Mozambique multi-client survey in the outer Zambezi Delta Basin is now available for license, the geoscience company announced during Africa Oil Week.The data covers a 15,400 km2 area over blocks Z5-C and Z5-D and surrounding open acreage…
Russian oil producer Lukoil has signed a farm-out agreement with Italy's Eni on blocks 10, 12 and 14 in the Mexico's shallow waters.Lukoil will assign 40 percent in block 12 to Eni and retain the remaining 60 percent stake as operator of the project…
West African country has announced that it plans to open its highly-anticipated 12th Shallow and Deep Water Licensing Round of open blocks at the 25th Africa Oil Week, Cape Town in November 2018.Minister of Oil & Hydrocarbons Pascal Houangni…
Houston-headquartered geoscience firm ION Geophysical has launched a 2D multi-client data package for offshore Argentina, ahead of the country's 2018 license round. ION has delivered a regional framework consisting of approximately 30…
Norway's latest offshore licensing round, focusing on the Barents Sea and Norwegian Sea, has drawn fewer than half the number of companies than its previous round attracted. Just 11 companies have applied for production licenses in the 24th licensing…
Nearly 100 applications covering 239 blocks were made by 68 companies in the 30th offshore licensing round on the UK Continental Shelf, the Oil and Gas Authority (OGA) has revealed. Applications came from companies ranging from multinationals to new country entrants…
The Isle of Man has launched an offshore licensing round for acreage that has not been reviewed in more than 20 years. Isle of Man. Image from iStock. Earlier this week, the…
The UK's Oil and Gas Authority (OGA) has launched the 30th Offshore Licensing Round, with 813 blocks or part blocks on offer in mature areas of the UK Continental Shelf (UKCS), covering a total 114,426sq km. Image from iStock…
Norway’s Ministry of Petroleum and Energy today (21 June) announced it will offer 102 Norwegian Continental Shelf blocks for bidding in the 24th licensing round. Nine blocks in the Norwegian Sea and 93 blocks in the Barents Sea will be offered…
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