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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
India’s refining project strengthens ties to Mongolia
The Central Asian country’s first oil refinery is being funded by a $1.7b line of credit from New Delhi, but routes in and out of the country remain controlled by Russia and China
A tale of two regulatory landscapes: the UK and Norway
The stark contrasts between the UK and Norway demonstrate how policy stability can shape the long-term trajectory of a mature basin
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
Accelerating MENA’s gas transformation
Gas has become a pillar of MENA economies and a catalyst for development strategies, fostering cooperation and creating new paths for economic diversification. Continued progress will require substantial investment and adapted regulations
MENA states sharpen their gas focus
The GCC countries and other states in the region are looking to make greater domestic use of gas, both that produced at home and imported volumes
MENA's gas metamorphosis
Across the Middle East and North Africa, gas is taking an enhanced role in helping build out economies that need to diversify away from crude oil dependence
India’s LNG falling short
More needs to be done to meet the government’s ambitious targets for gas
India’s retreat from Russian oil could cause global trade flow shockwaves
US secondary sanctions are forcing a rapid reassessment of crude buying patterns in Asia, and the implications could reshape pricing, freight and supply balances worldwide. With India holding the key to two-thirds of Russian seaborne exports, the stakes could not be higher
India’s Nayara fallout
The EU’s Russia sanctions could have far-reaching implications for India’s Vadinar-based refinery
India Mozambique Oman Sweden Timor Leste UK
3 May 2022
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Licensing round May update

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

Planned rounds The UK will hold its upcoming offshore oil and gas licensing round this autumn, according to regulator the North Sea Transition Authority, formerly known as the Oil and Gas Authority. This will be the first UK licensing round to take into account the country’s forthcoming climate compatibility checkpoint for new oil and gas developments. No further details are available. Open India’s Directorate General of Hydrocarbons has again extended the deadline for bids in its Discovered Small Fields 3 round, this time to 31 May 2022. The round, which contains 32 contract areas across both onshore and offshore, opened on 10 June 2021. Mozambique’s National Petroleum Institute has announc

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Outlook 2006: The North Sea’s next chapter – From backbone to blueprint
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8 January 2026
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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