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Category: Exploration

Oil Exploration Gas International Renewable Energy

Namibia Balances Oil Exploration and Green Energy Goals

President Nangolo Mbumba has defended Namibia’s dual pursuit of oil exploration and renewable energy, emphasizing that the country’s energy strategy aligns with global climate commitments, including the Paris Agreement. Amid concerns about the contradiction between fossil fuel projects and decarbonization efforts, Mbumba stressed that Namibia’s newly discovered oil resources will support a sustainable energy transition. “The development of our newly discovered oil resources is not contradictory to our decarbonization agenda. It is part of a

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Oil Exploration Gas International

Libya Reopens Oil and Gas Exploration to Foreign Investors

Libya’s National Oil Corporation (NOC) has launched its first public tender for oil and gas exploration since 2008, marking a major step toward reopening the country’s energy sector to international investment after years of political instability and operational challenges. The official presentation of the tender will take place in Tripoli this evening, where NOC officials will outline available exploration opportunities for foreign oil companies. This move comes as Libya struggles with hydrocarbon production setbacks, including

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Corporate News Exploration Gas Oil

Predator Oil Expands Gas Exploration in Morocco with MOU-5 Well

Predator Oil is advancing its gas exploration efforts in Morocco, having already drilled four wells within its Guercif license. The company began drilling the MOU-5 well on March 3, 2025, as part of a strategic push to assess the site’s gas potential. Estimates suggest the region may contain up to 6 trillion cubic feet (TCF) of gas. A successful discovery could enhance Morocco’s energy security and reduce its reliance on imports. Despite mixed results from

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Corporate News Exploration Oil

Sonatrach and Sinopec Sign $850M Deal for Algerian Oil Exploration

Algeria’s state-owned energy giant, Sonatrach, has signed an $850 million agreement with China’s Sinopec for the exploration and development of the Hassi Berkane-North (HBAN) oil field. The contract, signed on February 25, was formalized by Sonatrach’s Vice President of Exploration and Production, Farid Djettou, and Sinopec’s General Manager, Xue Weisong. Located 80 km southwest of Hassi Messaoud, the HBAN field spans 9,700 km² and includes hydrocarbon-rich blocks 428 and 429. The agreement, valid for 30

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Corporate News Exploration International Oil

Custos Energy Announces Promising Results from Second Exploration Campaign in Namibia’s Orange Basin

Custos Energy is pleased to provide an update on its second exploration and appraisal campaign for blocks 2813A and 2814B in Namibia’s rapidly growing Orange Basin oil and gas region. These blocks are part of Petroleum Exploration License 83 (PEL 83), operated by a subsidiary of Galp Energia, with Custos and Namibia’s National Petroleum Corporation (NAMCOR) each holding a 10% working interest. The PEL 83 Joint Venture partners have successfully drilled, cored, and logged the

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Corporate News Exploration Local Oil

Angola Signs Oil Exploration Agreement with TotalEnergies and ExxonMobil

The National Agency of Petroleum, Gas, and Biofuels (ANPG) has signed an agreement to assess the potential of free areas in Block 17/06 and Block 32/21. The agreement, signed on Friday, the 14th, involves TotalEnergies and ExxonMobil, marking a renewed effort to explore Angola’s fossil fuel resources. The signing ceremony was attended by ANPG Chairman Paulino Jerónimo, TotalEnergies’ General Director Martin Deffontaines, and ExxonMobil’s General Director Katrina Fisher. Jerónimo emphasized the agency’s commitment to fostering

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Oil Exploration Local News

Angola Offers Marginal Fields for Exploration to Attract New E&P Firms

Angola’s National Oil, Gas & Biofuels Agency (ANPG) is offering five marginal fields for exploration, alongside 24 other block opportunities. Located in operated blocks with competitive fiscal terms, these fields present an accessible entry point for smaller exploration and production (E&P) firms aiming to expand or enter the region. The sixth edition of Angola Oil & Gas (AOG), scheduled for September 3-4, 2025, in Luanda, will spotlight Angola’s marginal field opportunities. The event will bring

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Local Exploration News Oil

Angola’s Parliament Approves Block 14 Oil Concession Changes for Joint Exploration with DR Congo

Angola’s Parliament unanimously approved a request this Wednesday for authorization to modify the oil concession for Block 14, which includes areas of joint exploration between Angola and the Democratic Republic of Congo (DRC). In his presentation, the Secretary of State for Oil and Gas, José Barroso, explained that the proposed changes involve detaching the Negaje and Menongue development areas from Block 14 for integration into the Block 14/23 concession. This adjustment will help redefine the

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Diamonds Exploration International Mining Projects

Botswana Diamonds Advances Exploration with New Prospecting License Applications

London-listed Botswana Diamonds has applied for three new prospecting licences to secure key anomalies identified by its recent AI-driven exploration programme. In December, the company’s AI analysis pinpointed seven kimberlite anomalies. Botswana Diamonds already holds a licence over one of these targets and has now applied for licences covering three additional anomalies. The newly identified areas are located in: One particularly promising anomaly lies south-west of Debswana’s Jwaneng mine. Its signatures suggest the presence of

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International Exploration Gas Oil

Azule Energy’s Farm-In Deal Boosts Namibia’s Role in Africa’s Energy Landscape

Azule Energy’s successful farm-in agreement for Block 2914A in Namibia’s Orange Basin marks a pivotal moment in Africa’s offshore oil and gas exploration. The deal underscores the enormous hydrocarbon potential of the Orange Basin and Namibia’s emergence as a key player in the global energy sector. This agreement highlights the growing trust in Africa’s abundant offshore energy resources. Azule Energy now holds a 42.5% interest in Block 2914A, a significant step toward unlocking the basin’s

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