The UK Awards 27 New North Sea Oil And Gas Licenses

The North Sea Transition Authority (NSTA), the oil and gas industry regulator, awarded on Monday 27 new licenses in the first batch of the latest licensing rounds, awarding areas with the potential to go into production more quickly than others. The UK launched the 33rd Oil and Gas Licensing Round in October last year, with 931 blocks and part-blocks made available for application. NSTA has received 115 applications from 76 companies for 258 blocks or part blocks. Subject to additional environmental checks, more blocks will be offered, the regulator…