Sasol and the Central Energy Fund (CEF) have signed a MoU to collaborate on accelerating the development of gas solutions in South Africa
According to GlobalData's report, H2 2021 Global Bid Round Outlook – licensing rounds in 2021 remain low due to the impact of COVID-19
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.
GlobalData's report also reveals that in H2 2021, 16 licensing rounds that are open are expected to close by the end of the year.
Asia is hosting the largest number of licensing rounds in H2 2021 with six, followed by South America with three.
Among the rounds which are scheduled to close in H2 2021, Malaysia is offering the largest volume of acreage in the PETRONAS Licensing Round 2021 (MBR 2021), which will be held in August 2021. Malaysia is followed by the 2021 Offshore Acreage Release Round in Australia, and the International Bid Round 2021 in Egypt.
Nikolas Pachipis, oil & gas analyst at GlobalData, commented, “Ongoing financial discipline and cuts in the exploration budget by many upstream companies could push exploration activities toward mature basins and areas with existing infrastructure. Companies with high capital availability in the current environment may be in an advantageous position to participate in licensing rounds and capitalize on reduced service costs and competition.”
Among countries, Australia, Brazil, Canada, India, and Indonesia are expected to host a major portion of the licensing round activity that is scheduled to close in H2 2021.
Equatorial Guinea's minister of mines and hydrocarbons (MMH) Gabriel Mbaga Obiang Lima has issued a mandate during a virtual meeting for all oil and gas workers to be vaccinated against the coronavirus
The Dar es Salaam Maritime Institute (DMI) has offered more relevant courses with an aim to nurture oil and gas experts to take advantage of the massive gas discoveries in the country’s southern regions
The inherent versatility of gas infrastructure – particularly its ability to be converted to carry low-carbon fuels in the future – creates an opportunity for gas to be a “second pillar of decarbonisation” alongside renewables over the long-term, according to a new study by IHS Markit
Alain Charles Publishing
11-13 Lower Grosvenor Place,
London, SW1W 0EX, UK
T: +44 20 7834 7676
F: +44 20 7973 0076