Iraq has awarded oil concessions to Crescent Petroleum and other Chinese companies as part of its fifth licensing round, Iraq’s Oil Minister Hayan Abdul Ghani was quoted on Thursday as saying. Sharjah-based Crescent Petroleum, the Middle East’s largest private upstream oil and gas company, was awarded three concessions covering the production and development of oil […]
licensing
Posted inDRILLING & PRODUCTION
Offshore acreage dominates global licensing rounds that are due to close in H2 2021
Over 35% of the acreage available in licensing rounds that are either open or scheduled to close in H2 2021 are located in shallow water
Over 35% of the acreage available in licensing rounds that are either open or scheduled to close in H2 2021 are located in shallow water, while ultra-deep water and deepwater acreage account for 24% and 19%, respectively, according to GlobalData, a leading data and analytics company. The company’s report, ‘H2 2021 Global Bid Round Outlook – […]
Posted inExploration
In century’s poorest licensing year, Norway led global awarded acreage, which reached 18-year low
Licensing rounds have been growing every single year since the previous downturn, reaching a high of 98 concluded rounds in 2019
Posted inExploration
Market conditions could cancel more than half of 2020 licensing rounds
Rystad Energy lists licensing rounds that are likely to go ahead, unlikely, or tentative
Posted inProducts & Services
DMCA opens maritime registration and licensing centre in Umm Suqeim, Dubai
The centre is a step towards providing a faster and more simplified approach in applying for marine transport licensing
Posted inExploration
Offshore blocks in the Gulf of Mexico to be offered in 2019 licensing round
24 blocks in the Cuban economic exclusive zone of the Gulf of Mexico are being offered