European and Indian oil companies are reviewing the terms of Guyana’s first-ever licensing round as they consider bidding in the process that will award 14 shallow and deepwater offshore blocks in May 2023, Reuters reports, quoting sources with knowledge of the matter. Last month, Guyana launched its first licensing round for offshore oil and gas exploration and production, which is expected to offer a different model of production sharing agreements than the ones in place with U.S. supermajor ExxonMobil, the first and biggest oil producer…