In our latest 'month in brief', we highlight the main Fiscal and Licensing stories that occurred in June and we provide our analysis and opinion on the developments. This issue highlights: Changes in fiscal terms: Guyana has added a 2% royalty on the Liza field PSC. Indonesia has removed indirect taxes on exploration investment Ongoing fiscal discussions: Russia plans to increase the oil royalty for all companies and the gas royalty for Gazprom. Romania will increase the top rate for gas excess revenue tax and make the tax permanent Licensing round highlights: India, Norway, Ecuador and Hungary launch licensing rounds. Our Fiscal theme page is a dedicated landing point where you can access all our fiscal summaries, informs, insights, presentations and tools - subject to subscription. This can be accessed via the "Themes" menu at the top of every page on the Wood Mackenzie portal.