Oil and Gas Exploration Surges Despite Promised Transition Out of Fossil Fuels
Oil and gas exploration has surged to pre-pandemic levels this year, and Canada, the United States, the United Kingdom, Australia, and Norway account for two-thirds of the new oil and gas licences since 2020, IISD revealed today.
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March 2025 | Carbon Minefields Oil and Gas Exploration Monitor
Last month, a total of 22 oil and gas exploration licences were awarded across six countries, with an estimated volume of discovered resources of 45.4 million barrels of oil and 10.4 billion cubic feet of gas.
February 2025 | Carbon Minefields Oil and Gas Exploration Monitor
In January 2025, 77 oil and gas exploration licences were awarded in seven different countries, with Norway leading in terms of embodied emissions.
January 2025 | Carbon Minefields Oil and Gas Exploration Monitor
Last month, a total of 78 oil and gas exploration licences were awarded in two countries. The United States had the largest volume of embodied emissions in the licences it awarded.
December 2024 | Carbon Minefields Oil and Gas Exploration Monitor
In November 2024, 23 oil and gas exploration licences were awarded across five countries, with Russia granting the licences that account for the largest portion of embodied emissions.