Faroe Petroleum has submitted a plan for the development and operation of the Oda licence to the Norwegian Ministry of Petroleum and Energy.
Egdon Resources said a number of changes have been made to licences after a number of extensions and conversions were approved by the Oil and Gas Authority (OGA).
Iran plans to issue tenders to develop its oil fields this summer as the government is expected to approve a new model oil contract designed to attract investors “in a short amount of time,” Oil Minister Bijan Namdar Zanganeh said, according to an interview published by the Iranian Students News Agency.
The Norwegian Petroleum Directorate (NPD) has granted Lundin Norway a drilling permit for well 7220/11-3 in the North Sea.
Europa Oil & Gas has been awarded a new licensing option in the southern Porcupine Basin offshore Ireland.
The Oil and Gas Authority (OGA) is expected to confirm the remaining licences of the 28th offshore round today. The final tally will bring a close to one of the most active bids in 50 years.
Mexico has successfully auctioned two of the first seven blocks made available in the first of its historic oil and gas tenders. The North American country has opened up the industry, which had long been nationalised, for the first time since 1938. Both of the contracts have been awarded to a consortium of Sierra Oil & Gas, Premoer Oil and Talos Energy.
Mexico is gearing up for the first auction of new licences to private investors in almost 80 years. The government will hold the first of the sales, which it hopes will open the energy industry, and bring in an estimated $62.5billion by 2018. It is also expected to increase annual output in the country by 500,000 barrels a day.
Oilex has been granted an exploration permit in Western Australia. The WA Department of Mines and Petroleum (DMP) approved the firm's application to convert its Special Prospecting Authority (SPA 17 AO) application to an exploration permit.
Jupiter Energy is considering legal action over a delay in one of its licence extension applications in Kazakhstan. The company applied for a number of production licences to be continued and has been granted all but one. Its application for an extension on licence J-50 is being held by the Kazakh Committee of Geology, pending resolution for the allocation of reserves within the well.