Posts by Ian Cross

A coup for the country

The Ministry of Energy and Mines in Peru (Minem) recently indicated that the oil industry is ‘being reactivated’. And so far, the signs are indeed pointing in that direction, particularly for the offshore. The deal signed by TotalEnergies and Perupetro…

Argentina’s first deep water well

2022 saw the award of around 60 blocks in Brazil, most as a result of the ANP’s 3rd Open Acreage Concession Bid Round. However, licensing activity in South America has remained flat since 2019. Uruguay’s Open Round saw success with…

Attention for Andaman

In Southeast Asia, industry attention in recent months has been very much focused on the deep-water Indonesian portion of the Andaman Sea. This is a consequence of the Harbour Energy Timpan-1 gas and light oil/condensate discovery announced in July 2022.…

Bad news & good news

In May 2022, the Biden Administration cancelled two lease sales (259 and 261) in the Gulf of Mexico (and 258 in Alaska), citing “conflicting court rulings” for the Gulf of Mexico lease sales. In a separate move, in June 2022,…