UK Government to mandate annual North Sea oil and gas licences
The UK Government plans to award North Sea oil and gas licences every year in new legislation being announced this week.
licences
Watch: New North Sea licences ‘not a reasonable response’ to surging prices, MPs told
MPs have been told that offering new oil and gas licences in the UK North Sea “is not a reasonable response” to the price crisis being triggered by the invasion of Ukraine.
Who won what? Norway dishes out 53 licences in oil and gas exploration round
Norway has dished out 53 licences in its latest round of awards for oil and gas exploration.
OGA review shows ‘patchy compliance’ in management of licences
The Oil and Gas Authority has stressed the need for operators to maintain high licence management standards, after a report showed patchy compliance in some areas.
Faroe Petroleum sets sights on Brasse after string of licence awards
Faroe Petroleum confirmed it was streamlining its efforts to focus on its "high quality" Brasse discovery.
Cluff, Burgate to reapply for two North Sea licences in next OGA round
Cluff Natural Resources will have to reapply for a share in two North Sea licences after the Oil and Gas Authority said it would not grant an extension of their initial terms.
Thai government to auction Chevron, PTT petroleum concessions
Thailand plans to put up for auction petroleum concessions held by Chevron and PTT Exploration and Production, according to reports.
JKX Oil & Gas wins three Hungarian licences
JKX Oil & Gas has been granted a further three licences in Hungary. The company said they will be three 35-year production licences covering an additional area of 124sq km within its original Hernad I and II exploration licence areas.
Faroe Petroleum gains six new licences in Norwegian round
Faroe Petroleum said it has been awarded six new exploration licenses in Norway. The company said it includes two operatorships under the 2015 Norwegian APA licence round.
Five licences awarded to Cluff Natural Resources
Cluff Natural Resources (CLNR) has been awarded five licenses by the Department of Energy and Climate Change (DECC) in the UK's 28th Offshore Licencing Round. The awards cover eleven blocks in an under-explored gas province of the southern North Sea. They were given by DECC to the company on a ‘promote’ basis.