Southern North Sea ‘priority clusters’ could yield 1 trillion cubic feet of gas
Priority clusters, earmarked for speedy development by the industry regulator, could deliver enough gas to meet 40% of the UK’s yearly demand.
licensing round
Nicola Sturgeon says move to renewable energy must be accelerated as new licensing round kicks off
First Minister Nicola Sturgeon has said the move away from fossil fuels to renewable energy needs to “accelerate”.
North Sea regulator OGA in rebrand – and confirms plans for new licensing round
The North Sea regulator, the Oil and Gas Authority (OGA), has become the latest industry institution to rebrand in a shift towards cleaner energies.
East Timor extends licensing round to drum up more interest
East Timor is extending the deadline for its second licensing round in an effort to drum up more interest from international oil companies (IOCs) and national oil companies (NOCs).
South Sudan launches first licence round
South Sudan’s Ministry of Petroleum (MoP) has launched its first oil licensing round, offering five blocks.
IN-VR promotes East Timor’s upstream licensing round
East Timor’s national hydrocarbon agency, the ANPM, and London-based government marketing agency, IN-VR, have teamed up to promote the Southeast Asian nation’s second upstream licensing round.
Bids in for Sierra Leone
Six companies submitted bids for offshore exploration concessions in Sierra Leone’s recent bid round.
TGS kicks off deepwater Nigeria survey work
TGS and PetroData intend to carry out Nigeria’s first multibeam and seafloor sampling (MB&SS) study. Results will be available early in the second quarter of 2020.
Aker BP celebrates “very good result” in latest licensing round
Aker BP has been offered more than 20 new production licenses following the latest licensing round by the Norwegian government.
Israel to launch first offshore licencing round
Israel is set to launch its first offshore licencing round in a bid to rejuvenate is energy portfolio.
Virgin Mexican oilfields lure next generation of wildcatters
While more than 180,000 onshore wells are producing oil in Texas, only 8,250 have been drilled by Petroleos Mexicanos across the border in Mexico. Welcome to the land of opportunity.
Greenpeace warns government after new fracking licences awarded
The Government has been warned it has fired the starting gun on a fight for the countryside after 1,000 more square miles of England were opened up for fracking. Licences for 27 areas in northern England and the Midlands, including near Nottingham, Sheffield, Lincoln and Preston, have been awarded to companies to explore for oil and gas as the Government pushes forward with a shale industry in the UK. A further 132 areas, including parts of the West Country and the south coast as well the North East and North West, are set to be awarded subject to further environmental assessment and conditions to protect wildlife and habitats.
Europa and Arenite in joint venture licensing bid
Europa Oil & Gas has been awarded a licence in the southern North Sea as part of the UK 28th licensing round. The company said the conditional award of a promote licence over Block 41/24 was given by the OGA (Oil and Gas Authority) as part of a joint venture with Arenite Petroleum Limited. A total of 41 new licences were awarded in the latest round and the second tranche of successful bids follows the 134 bids confirmed last year, totalling up to 175 licences covering 353 blocks.
Maersk has 2020 vision
Danish group AP Moller Maersk has highlighted its plans to increase its UK production to 100,000 barrels of oil equivalent (boepd) by 2020.
Tullow has Spring in its step
Tullow Oil has completed a deal to buy Norwegian explorer Spring Energy Norway.
Trapoil picks up North Sea acreage
Oil and gas explorer Trapoil is to take control of all or part of 13 North Sea blocks after a farm-in deal with Extract Petroleum.
Norway offers up acreage
Norway's oil ministry has offered out shares in 51 new exploration licences to 40 companies as part of its latest licensing round.
Parkmead in new share placing
Aberdeen-based oil and gas exploration firm Parkmead has said it is hoping to raise £15.9million through a new share placing.
Cairn considering additional well in Arctic drilling campaign
SCOTTISH oil explorer Cairn Energy said yesterday it was excited by the potential it saw in Greenland, despite not striking oil in the area so far.
Cairn considering additional well in Arctic drilling campaign
Scottish oil explorer Cairn Energy said yesterday it was excited by the potential it saw in Greenland, despite not striking oil in the area so far.
Faroe offered Norwegian acreage
FAROE Petroleum said yesterday it had been offered stakes in three Norwegian licenses.
Still significant potential on UKCS, says oil and gas analyst
Energy analyst Hannon Westwood said yesterday there was significant potential on the UK continental shelf (UKCS) still to be realised.
Liberia offering five blocks
WEST Africa: Liberia's ministry of land, mines, and energy has launched a new licensing round in which five offshore blocks are to be offered to the highest bidder.
Dublin government extends licensing to north-west Rockall Basin
IRELAND has decided to extend the area to be opened for licensing in the 2009 Rockall Round to include the north-western margin of the Rockall Basin.
May mooted for JDZ licensing
IT SEEMS that the long-awaited award of the last two blocks (5 and 6) in the licensing round for concessions in the Nigeria-Sao Tome and Principe Joint Development Zone (JDZ) will now be made in May, according to Patrice Trovoada, prime minister of Sao Tome. The round had been suspended 18 months ago.