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US drilling to climb as supply disruption continues
Although spending will decelerate in North America, the 2023 forecast for an 18pc increase follows a near-record 44pc in 2022. US drilling will increase by 8.2pc, with total footage forecast to climb 8.7pc, to 290mn ft³ of hole
Willow approval may be turning point that fails to turn
Development expected to produce equivalent of up to 40pc of Alaskan daily production but is unlikely to herald a new age of megaprojects
Subdued Asian LNG interest produces large stockpiles
Weak prices support demand but mild weather, delayed gas projects, large reserves and nuclear alternatives set to blunt upturn
Letter from the US: The bigger they are, the harder they fall
The oil industry is facing the same kind of seismic shift in consumption that rocked telecommunications with the arrival of the cellphone
Canada’s upstream on track to strengthen in 2023
Coming off a strong rebound year, the Canadian oil patch is on an upward trend, with strong prices and increased spending, but political uncertainty continues to cast a pall long term
US oil and gas output on the rise
Surging crude prices prompted increased drilling activity last year, but debt and financing issues constrained growth
Global LNG analysis report 2023 – Part 4
The fourth and final part of this deep-dive analysis looks at LNG projects planned or underway across the Americas
Ineos Energy leans into oil with US shale deal
Company ready to develop Eagle Ford shale after $1.4bn deal with Chesapeake Energy, chairman Brian Gilvary tells Petroleum Economist in an interview
Bakken boosts its gas infrastructure
Oil is still a serious business in the Bakken shale, but when it comes to midstream, the money is on gas
Global LNG analysis report 2023 – Part 2
The second part of this deep-dive analysis looks at liquefaction and regasification developments in the Middle East and Asia-Pacific
Australia Canada DRC India Sierra Leone US
7 June 2022
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Licensing round June update

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

Planned rounds Australia’s Department of Industry, Science, Energy and Resources did not announce the opening of the 2022 Offshore Petroleum Acreage Release at the annual Australian Petroleum Production and Exploration Association event, held in Brisbane, as expected. No further details are available. The Democratic Republic of Congo (DRC) will hold an auction for 16 exploration blocks—13 onshore and three offshore—across the Coastal, Graben Tanganyika and Central basins on 28-29 July 2022, the country’s ministry of hydrocarbons announced via social media. This is the first planned block auction since the adoption of a new hydrocarbons code in 2015. “The DRC has huge potential in terms of hy

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Also in this section
Shale drillers try to stay patient amid gas price slump
22 March 2023
Producers resist urge to respond too quickly to gas price trends
US drilling to climb as supply disruption continues
22 March 2023
Although spending will decelerate in North America, the 2023 forecast for an 18pc increase follows a near-record 44pc in 2022. US drilling will increase by 8.2pc, with total footage forecast to climb 8.7pc, to 290mn ft³ of hole
Willow approval may be turning point that fails to turn
21 March 2023
Development expected to produce equivalent of up to 40pc of Alaskan daily production but is unlikely to herald a new age of megaprojects
Crude tanker market outlook remains strong
20 March 2023
Ukraine fallout continues to elevate tanker demand while restricting vessel availability

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