Initial Term Phase News Today

Europa said changes in fiscal and operating conditions surrounding the lease have rendered the area unfavorable.

A total of 82 offers to 50 companies have now been made in the round.

The North Sea Transition Authority (NSTA) has offered further 31 exploration licenses in the latest phase of the U.K.'s 33rd…

UK: OGA announces update on approach to licence amendments 22 Jul 2021 OGA return to pre-COVID licence amendment approach In response to the global COVID-19 pandemic which first affected the UK in early 2020, the OGA announced in March 2020 that it would seek to ease the pressures on industry by taking a pragmatic approach to considering amendments to timelines.?  The OGA recommended that Operators/Licensees engage early with the OGA in a timely and evidence-based manner on specific licence r...