You are Here

Category: Exploration

International Exploration Gas Oil

Libya to Tender 22 Oil and Gas Exploration Blocks to International Investors

The National Oil Corporation (NOC) of Libya has announced plans to launch a public tender offering 22 onshore and offshore exploration blocks to international oil companies. The announcement was made during a meeting chaired by Libya’s Prime Minister, Abdul Hamid Dbeibah, on December 7. The tender aims to attract foreign investment to bolster Libya’s hydrocarbon sector. NOC Chairman Farhat Bengdara emphasized the introduction of a new standard agreement and an updated procedural manual. These documents,

Loading

Read More Here

Corporate News Exploration International Oil

TotalEnergies Seeks Approval for New Offshore Exploration in South Africa’s Deep Water Orange Basin

TotalEnergies is pursuing environmental clearance to drill up to seven exploration wells in the southern portion of its Deep Water Orange Basin (DWOB) block, located off South Africa’s west coast. The DWOB block lies approximately 200 kilometers (124 miles) offshore between Port Nolloth and Saldanha Bay in deep waters. TotalEnergies EP South Africa (TEEPSA), the operator, previously received authorization in 2023 to explore the northern section of the block. The company now seeks to extend

Loading

Read More Here

Oil Exploration Gas Local

Shell Returns to Angola with a New Oil Exploration Agreement

Shell has signed a memorandum of understanding (MoU) with Angola’s National Agency for Oil, Gas, and Biofuels (ANPG), marking its return to the country after a 25-year absence. The signing ceremony took place in Luanda on Thursday, with key participants including ANPG Chairman Paulino Jerónimo, Shell Executive Vice-President Eugene Okpere, and Minister of Natural Resources, Oil, and Gas, Diamantino de Azevedo. Minister de Azevedo highlighted the importance of the agreement, attributing it to Angola’s ongoing

Loading

Read More Here

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.

Loading

Read More Here

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

Loading

Read More Here

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

Loading

Read More Here

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.

Loading

Read More Here

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

Loading

Read More Here

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

Loading

Read More Here

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

Loading

Read More Here

1 2 3 4 5 … 7
en English pt Portuguese