licensing
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Pair joins other E&Ps who have halted work in the area after disappointing results. -
UK Prime Minister Rishi Sunak commits to future oil and gas licensing rounds as new analysis shows domestic gas production has around one-quarter the carbon footprint of imported liquefied natural gas.
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Namibia, Brazil, and Algeria scored major discoveries in 2022 as the industry drilled fewer exploration wells but found better and larger prospects.
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The award follows BP’s participation in a limited bid round held in 2021.
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A total of 59 blocks were awarded to 13 companies.
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Malaysia Bid Round 2022 is promoting 14 exploration blocks in addition to known discovery areas.
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QatarEnergy expands business in Brazil with $1.3 billion co-bid for the rights to Sepia field.
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Operator sites Covid-19 related issues for delayed work on massive land parcel.
