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Category: Exploration

International Exploration Petroleum

Tanzania to Auction 26 Petroleum Exploration Blocks in 2025 Licensing Round

Tanzania is set to launch its fifth petroleum licensing round in March 2025, offering 26 exploration blocks to global investors. Dr. James Mataragio, the Energy Deputy Permanent Secretary for Oil and Gas, announced the plan during a presentation on Tanzania’s oil and gas sector at the African Energy Week in Cape Town, South Africa. The conference, which brings together policymakers, investors, and industry leaders, focuses on advancing energy innovations and sustainable development strategies across Africa.

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International Corporate News Exploration Oil

Egypt and Chevron Discuss Expanding Exploration and Production Amid New Incentives

Egypt’s Petroleum and Mineral Resources Minister, Karim Badawi, recently met with Chevron’s International Exploration and Production President, Clay Neff, to discuss Chevron’s activities in Egypt and strategies for boosting production. The meeting highlighted the potential impact of new incentives from Egypt’s Ministry of Petroleum. The discussion covered Chevron’s ongoing negotiations with the Egyptian Natural Gas Holding Company (EGAS) concerning the acquisition of two new concessions. Minister Badawi emphasized the range of investment opportunities available through

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International Exploration Oil

Algeria Opens Six Onshore Blocks for Hydrocarbon Exploration to Attract Global Investment

Algeria’s National Agency for the Valorization of Hydrocarbon Resources (ALNAFT) has launched six new onshore blocks for conventional hydrocarbon exploration, inviting competitive bids as part of its five-year plan to boost upstream investments. These six blocks, covering a combined area of 152,000 km², offer high-potential exploration, development, and export opportunities. Interested parties can access tender documents and data packages starting November 26, with bids due by April 15, 2025. The data sets include over 102,000

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Local Corporate News Exploration Oil

Chevron Expands Exploration in Nigeria and Angola Amid Production Decline in West Africa

Chevron is increasing its exploration activities in Nigeria and Angola, aiming to boost production in regions where output has declined in recent years. Chevron’s Global Exploration Vice President, Liz Schwarze, emphasized the company’s commitment to West Africa, highlighting the area’s untapped potential. “West Africa is such a hydrocarbon-rich part of the world and relatively under-explored compared to other jurisdictions,” Schwarze stated, noting that while some companies are withdrawing, Chevron is actively acquiring new exploration blocks.

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International Corporate News Exploration Oil

Eni and BP Resume Exploration in Libya After Decade-Long Hiatus

Italy’s Eni and the UK’s BP have resumed exploration activities in Libya after a ten-year suspension. The National Oil Corporation (NOC) announced that Spanish oil company Repsol is also preparing to restart drilling in the Murzuq Basin, while Austria’s OMV is set to resume operations in the Sirte Basin in the coming weeks. On Saturday, Eni commenced exploratory work in Area “B” (96/3) of the Ghadames Basin, marking its first well under the Fourth Contracting

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Gas Exploration Oil

Türkiye Begins Oil and Gas Exploration in Somali Waters with TPAO Vessel

Türkiye has deployed an exploration vessel to Somali waters to search for potential oil and gas reserves as part of its new energy resource strategy. Operated by Türkiye’s state-owned energy company, TPAO, the vessel will carry out extensive seismic surveys in the region over the coming months. Somalia’s government has voiced strong support for Türkiye’s exploration efforts, viewing them as a path to economic growth and energy independence. However, the initiative has raised concerns among

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International Corporate News Exploration Oil

Sintana Energy Advances Appraisal Campaign in Namibia’s Orange Basin with Promising Mopane Well

Sintana Energy has provided an update on its second exploration and appraisal campaign in Namibia’s Orange Basin, a prominent area in global oil and gas exploration on blocks 2813A and 2814B. These blocks are governed by Petroleum Exploration License 83 (PEL 83), operated by a subsidiary of Galp Energia, with Sintana holding an indirect 49% interest in Custos Energy (Pty) Ltd., which in turn has a 10% working interest in PEL 83. Namibia’s National Petroleum

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Local Exploration News Oil

Corcel Completes Key Data Acquisition for Angola’s Block KON-16 Exploration

Exploration company Corcel has completed the data acquisition phase of the Enhanced Full Tensor Gradiometry (eFTG) Survey on Block KON-16, located in Angola’s onshore Kwanza Basin. The collected data, acquired by contractor Metatek Group, will now undergo analysis and interpretation through the end of 2024. This phase is crucial for gaining geological insights to support exploration and development plans for the 1,000 km² block. “This marks a significant milestone in our exploration efforts, providing a

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International Exploration Gas Oil

Uganda to Issue New Oil and Gas Exploration Licenses in 2025/2026 to Boost Investment

Uganda plans to issue new oil and gas exploration licenses in the 2025/2026 fiscal year (July-June) to attract further investment into the sector. The country’s last licensing round, which began in 2019, concluded in early 2023, with two out of five available blocks awarded. “Accelerating oil and gas investments will be key to driving Uganda’s economic growth next fiscal year,” said Finance Minister Matia Kasaija during a speech outlining the government’s priorities for 2025/2026. He

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Local Exploration Gas News Oil

ANPG and Sonangol Launch New Hydrocarbon Exploration Project in Kwanza Basin

The National Oil, Gas, and Biofuels Agency (ANPG) and Sonangol Exploration and Production are set to invest in a specialized service to identify oil and other hydrocarbons in the onshore blocks of the Kwanza Basin. In a press release, ANPG announced that the project is scheduled to commence in September this year. The aim is to enhance geophysical and geological understanding of the Kwanza Basin blocks. The initial phase of the project will involve data

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