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Outlook 2006: The North Sea’s next chapter – From backbone to blueprint
The next five years will be critical for the North Sea, and it will be policy not geology that will decide the basin’s future
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As global energy systems evolve to meet shifting demand and transition pressures, maintaining reliable hydrocarbon supply remains essential to energy security
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The stark contrasts between the UK and Norway demonstrate how policy stability can shape the long-term trajectory of a mature basin
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
ADNOC’s Australia avoidance
The Middle East NOC’s decision to exit Santos signals changing rules for Australian gas investors
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
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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
Australia Faroe Islands Norway UK
PE Staff
26 October 2020
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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 rounds Australia’s Department of Industry, Science, Energy & Resources opened the 2020 Offshore Petroleum Acreage Release at an online event on 26 August. Keith Pitt, minister for resources, water & Northern Australia, announced a total of 42 areas available for offshore oil and gas exploration: 28 off Western Australia, five off the Northern Territory, three off Victoria and six off the Ashmore & Cartier Islands. The total area covers approximately 100,000km² across five basins. In his address, Pitt confirmed a more conservative approach: “This year’s acreage release is dominated by areas in established oil and gas areas with existing infrastructure.” The bidding will be op

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