licensing round
-
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. -
Angola leaves OPEC after 16 years to leverage its oil resources for economic growth.
-
Consortiums led by ExxonMobil, TotalEnergies lead the charge into the blocks offered in the oft-delayed offshore parcel auction.
-
Regulator hits the brakes on any Jeanne d’Arc Basin acreage offerings for 2023.
-
Namibia, Brazil, and Algeria scored major discoveries in 2022 as the industry drilled fewer exploration wells but found better and larger prospects.
-
A total of 20 new exploration blocks are on offer within the Israeli Economic Zone.
-
Equinor will participate in 25 exploration wells on the NCS this year.
-
The four blocks on offer could contain around 4 billion bbl of oil.
-
The awards are part of the third and fifth bidding rounds launched last year.
-
The government is targeting a “fairer share” of the revenues from oil and gas developments.
