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Fifty years of oil trading
The invisible hand of the market has seen increasing transparency but much more needs to be done to build a better understanding
India revamps retail fuel business
The country is seeing a notable increase in petroleum product retail outlets, with private operators gaining market share
Trump’s LNG metamorphosis
Fast-tracking US project approvals and increased trade pressures have already changed the LNG landscape since Trump came to office, with further transformation ahead
Sasol delays South Africa’s ‘gas cliff’
The company will use methane-rich gas produced from local coal to temporarily replace lost supplies from Mozambique
Letter from the US: Oil and gas producers face tax threat
Capping state corporate income tax deductions would reduce energy supplies and raise prices
Mozambique LNG financing cannot lift security gloom
Long-delayed prospects for onshore LNG production in Mozambique have improved thanks to US financing approval, but security challenges blight way ahead
Trump’s energy policy paradox
US consumers are not likely to see gasoline prices fall to Trump’s ‘beautiful number’, at least if the president also wants to encourage more drilling
India’s unquenchable gas appetite
Gas use in India has seen significant growth over the past year and looks set to accelerate further, even if the government’s 2030 goal remains a stretch
Letter from the US: Houston has a problem with Trump’s energy policy
At some point it is likely that $70/bl will be quietly accepted as the producer-consumer sweet spot for a US administration having to balance both sides of the ledger
On tariffs, Trump is an open book
There is method to the US president’s apparent madness, and those seeking to understand need look no further than their local bookshop
Canada India Indonesia Kazakhstan Lebanon Mozambique US
15 December 2021
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Licensing round December update

The industry's most comprehensive list of current and recent rounds for onshore and offshore licences

Open rounds India’s Directorate General of Hydrocarbons has extended the deadline for submissions to its Discovered Small Fields 3 bid round to 31 January 2022. The round, which contains 32 contract areas both onshore and offshore, opened on 10 June 2021 after some delay. Indonesia’s Ministry of Energy & Mineral Resources announced the opening of its second bidding round for 2021 on 29 November 2021. The round includes four blocks via the direct-offer model and four via regular tender, and will close on 11 January 2022 and 24 March 2022 respectively. The onshore and offshore blocks vary in size from 267km² to 7,970km². The Lebanese Petroleum Administration has announced the closing date

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