UK oil and gas company Baron Oil has decided to surrender the UK license P2478 to North Sea Transition Authority (NSTA) following delays with the acquisition of 3D seismic data for the block, located in the Inner Moray Firth area of the North Sea.Baron Oil said it faced ‘unavoidable and significant delays’ in acquiring seismic data as part of Phase A extension of the license.The delays largely result from the continuous wind farm construction activities in the area…
A Canadian offshore oil regulator said on Friday it has licensed an oil discovery by Equinor ASA off the country's coast, an area of around 14,900 hectares.The Canada-Newfoundland and Labrador Offshore Petroleum Board (C-NLOPB) said that the…
Norwegian government has offered 24 companies ownership interests in 62 production licenses on the Norwegian shelf in pre-defined areas (APA) 2023, Norway's regulator of the petroleum resources informed.The awards, unveiled on January 16, 2024…
UK-focused oil and gas company Serica Energy said Tuesday its subsidiary Tailwind Energy Chinook Limited had been awarded an offshore license in the UKCS 33rd Offshore Licensing Round. Tailwind Energy has secured a 100% stake in the UK block 29/2a…
Israel's Energy Ministry said on Sunday it had awarded 12 licenses to six companies to explore for natural gas off the country's Mediterranean coast, aiming to create more competition and diversify suppliers.The license awards, which came as the Israel-Hamas conflict entered its fourth week…
Norwegian oil and gas company Aker BP, and its Austrian partner OMV, have completed the acquisition of a 3D seismic survey over the Poseidon CCS license area (licence EXL005) in the Norwegian North Sea, OMV said Wednesday.The Poseidon CCS license…
The Danish Energy Agency has postponed the second tender round for offshore licenses for the exploration and use of the subsoil for the geological storage of CO2 in the North Sea.The tender was set to open on August 15th 2023 according to the executive order on CO2 storage license tenders…
UK North Sea oil explorer Deltic Energy said Thursday that Capricorn Energy, its partner in five Southern North Sea gas exploration licenses Capricorn Energy had decided to withdraw from the licenses, following its recent strategic focus shift…
Synergia Energy Ltd. said Tuesday that the North Sea Transition Authority ('NSTA') had confirmed that the Camelot carbon storage license application made by Synergia had been successful. The license application was made jointly with Synergia's 50:50 partner…
The North Sea Transition Authority (NSTA) offered a gas storage license to dCarbonX for the Bains site in the East Irish Sea, east of the Morecambe Fields.The license award allows dCarbonX Ltd to progress with seeking the further regulatory approvals required before gas storage operations can start…
The Norwegian Ministry of Petroleum and Energy on Friday offered two new exploration licenses related to CO2 storage on the Norwegian continental shelf in the North Sea.The two exploration licenses offered are located in the southern part of the North Sea…
Oil and gas companies Equinor, PGNiG, and Longboat Energy have relinquished the license in Norway containing the Egyptian Vulture offshore oil discovery, but Longboat plans to re-apply for the acreage as it believes the discovery has high potential…
Equinor agreed to buy oil and gas stakes in five discoveries in the Troll, Fram and Kvitebjoern areas of the North Sea from Wellesley Petroleum AS.The amount for the purchase was undisclosedThe transaction strengthens Equinor's position in a…
Brazilian state-run oil company Petroleo Brasileiro SA is struggling to get a license that it needs to drill the ultra-deep waters of the Foz do Rio Amazonas Basin this year as planned, a source close to the matter told Reuters on Thursday. Petrobras…
Tullow Oil has signed a production sharing contract (PSC) for Ivory Coast's offshore exploration license CI-803.Tullow will operate the license with 90% equity, with the remaining 10% held by PetroCi. The CI-803 offshore block covers an area of 1…
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