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Letter from Saudi Arabia: US-Saudi energy ties enter a new phase
Aramco’s pursuit of $30b in US gas partnerships marks a strategic pivot. The US gains capital and certainty; Saudi Arabia gains access, flexibility and a new export future
Letter from London: Oil’s golden triangle
The interplay between OPEC+, China and the US will define oil markets throughout 2026
Equinor: Keeping offshore
The Norwegian NOC has used its offshore oil and gas prowess to expand into offshore wind, but project setbacks and lower returns are a concern for investors
Reality bites for Indonesia’s oil ambition
A more pragmatic approach has seen the country reverse its production decline in 2025 but its 1m b/d target still seems out of reach
The duality of US shale
A sector beset by pessimism and pain amid price weakness contrasts with data signalling production strength and resilience
Turkmenistan's pipe dream
Construction of the pipeline in Afghanistan is making tangible progress, but extending it into Pakistan and India remains unrealistic for political reasons
ADNOC’s Australia avoidance
The Middle East NOC’s decision to exit Santos signals changing rules for Australian gas investors
Fear and loathing in US LNG buildout
Overall gas optimism is blighted by concerns over lingering regulatory and infrastructure hurdles that could hamper expansion of US LNG exports, weaken security and stifle AI ambitions
India’s LNG falling short
More needs to be done to meet the government’s ambitious targets for gas
Deepwater’s race against time
E&Ps are on the lookout for the next big deepwater discovery amid questions over the Guyana and Santos basins, but technological advancements provide optimism
Australia Gambia India Indonesia Mozambique Norway Sierra Leone US
29 September 2022
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Licensing round October update

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

Open Australia opened its delayed 2022 Offshore Petroleum Acreage Release on 24 August via a webinar. Resources minister Madeleine King announced the ten areas available for bidding, located across four basins offshore the Northern Territory, Western Australia, the Ashmore & Cartier Islands, and Victoria. These include the Bonaparte basin, the Browse basin, the Northern Carnarvon basin and the Gippsland basin, with approximately 46,758km² available for exploration. “At the same time as we strive to reduce emissions, it must be emphasised that continued exploration for oil and gas in Commonwealth waters is central to alleviating future domestic gas shortfalls,” says King. The release focu

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