bidding round

BP and Equinor win four deepwater exploration blocks in the C-NLOPB’s call for bids.

The country’s 17th Bidding Round attracted bids on just five of the 92 blocks on offer… and all from Shell.

As Canada, Greenland, and even Norway shy away from developing their Arctic oil and gas resources, only Russia and the US remain in the game as Alaska seeks to renew interest in exploration and development of its North Slope.

Applications will now be reviewed, and licenses will be awarded sometime in 2022.

Yamal LNG Resource, a subsidiary of Russia’s Novatek, has won exploration and production licenses to expand its Arctic resource base for sustained long-term growth of its LNG business.

Oman will open a new round of bidding on two onshore blocks from which previous license holders are exiting and a promising offshore block near where production has recently been initiated from the Yumna field.

New round part of the nation’s multi-year oil and gas licensing strategy.

OBR 4 will include license opportunities in the country’s exclusive economic zone.

South American country looks to revitalize its offshore oil industry by offering 32 new blocks for exploration

Total number of applicants down for latest Barents Sea frontier licensing round.