Exploration South America

Regional Update: South America and Caribbean

The region of South America and the Caribbean has had a mixed bag of results in oil and gas in the last 12 months or so. We have seen more world class oil discoveries being made, play openers, a return of bid rounds, and slow progress with deal flow.

Exploration South America

South America - Licensing Slows

South America and the Caribbean is currently seeing less licensing activity, at least partially because of the impact of the Covid-19 pandemic on frontier exploration, which has prompted international oil companies to focus on ILX and advantaged oil.

Exploration Worldwide

Global Wildcatting - Going with the Flow

The extended impact of uncertain oil prices, combined with the Covid-19 pandemic and dwindling investor sentiment for hydrocarbons, have resulted in further delays, and in some cases cancellations, of already delayed wildcat wells.

Exploration North America

Gulf of Mexico: The Wind of Change

The Biden–Harris administration is continuing its comprehensive review of the offshore and onshore oil and gas leasing programmes in the Gulf of Mexico, with more environmental, social and governance (ESG) pressure expected to be applied on hydrocarbon explorers.