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Category: Exploration

Local Exploration News Oil

Angola Authorises Study to Assess Oil Potential in New Exploration Areas

Angola Authorises Oil Potential Study as Government Targets New Exploration Areas Angola has authorised the hiring of a specialised consulting firm to assess the oil potential of new areas, as the country continues efforts to expand exploration and strengthen its long-term petroleum production base. The authorisation forms part of the government’s broader strategy to identify new hydrocarbon opportunities and attract investment into areas that could contribute to future oil and gas production. The consultancy will

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Exploration Local Mining Projects

Namibe Moves to Unlock Copper Potential with New Exploration Campaign

Angola’s Namibe Province to Begin Copper Exploration as Mining Diversification Accelerates Angola’s Namibe Province is preparing to launch copper prospecting activities in Kapangombe, in the municipality of Bibala, as the country intensifies efforts to diversify its mining industry and unlock new mineral resources. The prospecting campaign is expected to begin in the coming days and forms part of broader efforts to expand mineral exploration in Namibe, a province with growing importance to Angola’s mining and

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Local Corporate News Exploration Oil

Afentra Expands Angola Exploration Push with Offshore and Onshore Projects

Afentra Advances Angola Oil Exploration as Rising Crude Prices Boost Development Plans Afentra is advancing both offshore and onshore exploration activities in Angola as the company seeks to expand production and grow its reserves in one of Africa’s leading oil-producing nations. According to CEO Paul McDade, higher global crude oil prices driven by tensions involving Iran and disruptions to shipping through the Strait of Hormuz  are strengthening the company’s investment outlook in Angola, Sub-Saharan Africa’s

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International Exploration Gas Oil

Libya Awards New Oil and Gas Exploration Blocks in First Licensing Round Since 2007

Libya Grants Exploration Licenses to Chevron, Eni, QatarEnergy and Repsol in Major Oil and Gas Round Libya has awarded new oil and gas exploration blocks to several international energy companies, including Chevron, Eni, QatarEnergy and Repsol, marking the country’s first licensing round in nearly two decades. The bidding results were announced by Libya’s National Oil Corporation (NOC). The round the first since 2007 allocated exploration acreage in the onshore Sirte and Murzuq basins, as well

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International Corporate News Exploration Gas Oil

CNOOC to Launch Offshore Exploration in Mozambique as LNG Projects Regain Momentum

CNOOC Begins Mozambique Drilling Next Month as Rovuma Basin LNG Projects Resume Development China National Offshore Oil Corporation (CNOOC) plans to begin hydrocarbon exploration offshore Mozambique next month, targeting blocks awarded during the country’s sixth licensing round in 2022. Mozambique’s Minister of Energy, Estêvão Pale, announced at Mining Indaba 2026 in Cape Town that preparations for drilling activities will commence in March. He indicated that the government remains in the early stages of exploration across

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International Exploration Mining News Oil

Somaliland Targets 2027 Start for Oil and Mineral Exploration

Somaliland Plans to Launch Oil and Mineral Exploration by 2027, President Irro Says Somaliland President Abdirahman Mohamed Abdullahi, widely known as Irro, has announced that the region expects to formally begin oil and mineral exploration by 2027. Speaking at the opening of the Somaliland Mining and Natural Resources Exhibition, President Irro said the region possesses significant untapped natural resources. He emphasized that the government is committed to developing these resources within a clear regulatory framework

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Corporate News Exploration Local Oil

ReconAfrica Launches First Exploration Program in Angola’s Damara Fold Belt

ReconAfrica Begins Surface Sampling in Angola’s Damara Fold Belt to Unlock Onshore Oil Potential Reconnaissance Energy Africa (ReconAfrica) has announced the deployment of a technical team to Angola’s Damara Fold Belt to conduct surface sampling in areas of potential oil seeps. The move marks the company’s first on-the-ground exploration activity in Angola and represents a significant milestone in its regional growth strategy. The announcement was made by Brian Reinsborough, CEO of ReconAfrica, during a technical

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Corporate News Exploration Local Oil

Corcel Set to Launch 326-km 2D Seismic Program in Angola’s KON 16 Ahead of Exploration Drilling

Corcel to Begin 326-km 2D Seismic Survey in Angola’s KON 16 Block with Exploration Well Planned for 2026 Independent oil and gas company Corcel plans to initiate a 326-kilometer 2D seismic data acquisition program in the second half of 2025, with the goal of drilling a new exploration well in Angola’s Block KON 16 approximately 12 months later. The announcement was made during a Corcel-sponsored pre-conference workshop on September 2, ahead of the Angola Oil

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Corporate News Exploration Gas International

Egypt Signs $340 Million Oil and Gas Exploration Deals with Shell, Eni, ARCIUS, and Zarubezhneft

Egypt Secures $340M Investment from Shell, Eni, ARCIUS, and Zarubezhneft for Mediterranean and Delta Exploration The Egyptian Natural Gas Holding Company (EGAS) has signed four major agreements with Shell, Eni, ARCIUS Energy, and Russia’s Zarubezhneft to expand oil and gas exploration in the Mediterranean and Nile Delta regions. The agreements cover the drilling of 10 wells, with total minimum investments exceeding $340 million. Mahmoud Abdel Hamid, Chairman of EGAS, signed the agreements in the presence

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Corporate News Exploration International Oil

Nigeria Partners with TotalEnergies and Sapetro for Offshore Oil Exploration in Niger Delta

Nigeria Signs Offshore Production-Sharing Contract with TotalEnergies and Sapetro to Boost Exploration Nigeria has signed a production-sharing contract (PSC) with TotalEnergies and local firm South Atlantic Petroleum (Sapetro) for two offshore blocks, aiming to attract investment and accelerate exploration under the country’s new oil framework. As Africa’s largest oil producer, Nigeria seeks to revitalize its upstream sector amid global energy transition pressures and declining fossil fuel investments. The agreement covers petroleum prospecting licences (PPL) 2000

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