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Bleak times for UK North Sea
Government consultations on the windfall tax and the exploration licence ban are positive steps, but it is unclear how long it will take for them to yield tangible outcomes
Sverdrup keeps on giving
Equinor and its partners at Norway’s largest oilfield have pulled the trigger on a fresh $1.3b investment that will maintain high output for longer
Australia gas security faces fitness test
Reassessment of the country’s export-facing gas policy coincides with worsening domestic market backdrop
The death knell for UK energy security
The end of Grangemouth and Lindsey oil refineries marks a worrying trend across Europe amid cost and transition pressures
ADNOC targets Santos in big LNG push
The takeover, if it gets the all-clear from regulators and other government authorities, would propel XRG and its parent firm ADNOC into the top tier of global LNG players
Indonesia’s upstream picks up the pace
The government is optimistic that increasing offshore activity and exploration will help revive flagging production, despite energy security fears
Australia’s LNG flashpoint
Scapegoating foreign buyers will not solve country’s gas shortages
Australia’s post-election energy priorities
With the gas industry’s staunchest advocates and opponents taking brutal blows, the sector looks like treading a path of insipid indifference
EU and UK look to security beyond gas
The scars of the Russia crisis have accelerated Europe’s push to wean itself off gas dependence as the growing globalisation of LNG becomes a double-edged sword
Australia’s changing gas risks
Australia’s East Coast Gas projections for a supply shortfall have been pushed further out, but the challenge to meet evolving gas demand and the shifting assumptions around the fundamentals remain just as stark
Australia Indonesia Norway Timor Leste UK
4 April 2022
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Licensing round April update

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

Planned rounds Norway’s Ministry of Petroleum has issued a proposal to open the 2022 Awards in Predefined Areas (APA) round for public consultation. The proposal entails including new acreage in the Barents Sea blocks in the APA area. “Access to new, attractive exploration acreage is a pillar in the government’s policy for further development of the petroleum industry,” says recently appointed petroleum minister Terje Aasland. The ministry aims to conduct APA 2022 in line with the usual schedule, with an application deadline in Q3 2022 and awards in January 2023. No further details are available. The UK will hold an offshore oil and gas licensing round “as soon as practically possible”, acco

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