Norway will postpone the beginning of its next licensing round until sometime later in 2015, said the country's oil minister in Mid-December. The Arctic-focused round was to have started taking bids in 1H15 with awards announced in 2016, but the drop off in prices has diminished interest as firms retrench in the current environment. At present the move has merely delayed the round, not impacted which or how many blocks will be on offer.......
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