MPs have been told that offering new oil and gas licences in the UK North Sea “is not a reasonable response” to the price crisis being triggered by the invasion of Ukraine.
Norway has dished out 53 licences in its latest round of awards for oil and gas exploration.
The Oil and Gas Authority has stressed the need for operators to maintain high licence management standards, after a report showed patchy compliance in some areas.
Faroe Petroleum confirmed it was streamlining its efforts to focus on its "high quality" Brasse discovery.
Cluff Natural Resources will have to reapply for a share in two North Sea licences after the Oil and Gas Authority said it would not grant an extension of their initial terms.
Thailand plans to put up for auction petroleum concessions held by Chevron and PTT Exploration and Production, according to reports.
JKX Oil & Gas has been granted a further three licences in Hungary. The company said they will be three 35-year production licences covering an additional area of 124sq km within its original Hernad I and II exploration licence areas.
Faroe Petroleum said it has been awarded six new exploration licenses in Norway. The company said it includes two operatorships under the 2015 Norwegian APA licence round.
Cluff Natural Resources (CLNR) has been awarded five licenses by the Department of Energy and Climate Change (DECC) in the UK's 28th Offshore Licencing Round. The awards cover eleven blocks in an under-explored gas province of the southern North Sea. They were given by DECC to the company on a ‘promote’ basis.