licensing round
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Of the 53 licenses awarded, 33 are in the North Sea, 19 in the Norwegian Sea, and one in the Barents Sea. -
Awards related to the 2024 APA round are expected to be announced in early 2025.
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New round covers 41 parcels across almost 10.3 million hectares off Newfoundland and Labrador
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While projects offshore Cyprus and Israel advance, Lebanon’s latest licensing round follows news that Eni, TotalEnergies, and QatarEnergy drilled a dry hole on Block 9 near the country’s maritime border with Israel.
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Angola leaves OPEC after 16 years to leverage its oil resources for economic growth.
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Consortiums led by ExxonMobil, TotalEnergies lead the charge into the blocks offered in the oft-delayed offshore parcel auction.
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Regulator hits the brakes on any Jeanne d’Arc Basin acreage offerings for 2023.
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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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A total of 20 new exploration blocks are on offer within the Israeli Economic Zone.
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Equinor will participate in 25 exploration wells on the NCS this year.
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