Turkey is actively negotiating new oil and gas exploration deals in Bulgaria, Iraq, and Libya as part of a broader push to boost domestic production and strengthen its role as a regional energy hub, according to Energy Minister Alparslan Bayraktar. State-owned energy company Turkiye Petrolleri AO (TPAO) is expected to sign an agreement within the coming month with an undisclosed foreign partner to conduct offshore exploration in Bulgaria’s section of the Black Sea, Bloomberg reported.
Tanzania will launch its first oil and gas licensing round in more than ten years in May 2025, with a formal event planned in the United Kingdom, according to the Petroleum Upstream Regulatory Authority (PURA). The bidding round will offer 26 exploration blocks, located in Lake Tanganyika and the Indian Ocean, as part of Tanzania’s renewed efforts to tap into its hydrocarbon potential and attract foreign investment. PURA Director General Charles Sangwenj confirmed that data
BP has successfully exported its first liquefied natural gas (LNG) cargo from the Greater Tortue Ahmeyim (GTA) Phase 1 project, located offshore Mauritania and Senegal. This shipment marks BP’s third major upstream project to begin operations in 2025 and aligns with the company’s strategy to launch 10 new upstream projects by 2027. “This milestone adds a new source of energy to the global market,” said Gordon Birrell, BP’s EVP of Production & Operations. “Launching LNG
Libya hosted a high-level promotional forum in Istanbul to attract international investors to its latest bid round for oil and gas exploration and production. The event showcased 22 blocks—11 onshore and 11 offshore—covering a vast area of 235,267 km². The Istanbul roadshow follows similar investor engagement events held earlier in Houston and London, after the official launch of the bid round on March 3. Libya is offering the blocks under improved Production Sharing Agreements (PSAs),
A delegation of South Korean experts met with the Mozambican government on Monday, October 14, in Maputo for a seminar focused on promoting the widespread use of vehicular natural gas. The initiative comes at a critical time, as Mozambique faces ongoing challenges with liquid fuel imports. Opening the seminar, South Korean Ambassador Bok-won Kang expressed his country’s pride in supporting Mozambique’s efforts to adopt cleaner and more sustainable energy solutions. He noted that South Korean
Mellitah Oil and Gas Company is set to begin drilling eight offshore gas wells at Structure A, located in Libyan waters with depths reaching up to 100 meters. Drilling operations will commence shortly following the arrival of the Valid Rig, operated by Borr Drilling—a global leader in offshore drilling services. The campaign is expected to last approximately 15 months and aims to produce around 160 million cubic feet of natural gas per day. The project
Reconnaissance Energy Africa Ltd. (ReconAfrica) has announced progress in its drilling operations at Prospect I, the largest target in its Namibian exploration campaign. Located within Petroleum Exploration Licence 073 (PEL 73) in the Kavango Basin, Prospect I marks a significant milestone in the company’s efforts to unlock new oil and gas resources. An updated independent resource assessment by Netherland, Sewell & Associates Inc. (NSAI) estimates that Prospect I holds approximately 365 million barrels of unrisked
Walcot Group, a Nigerian energy company, has officially entered Angola’s oil and gas sector by signing a major Production Sharing Contract with the Angolan National Agency for Petroleum, Gas, and Biofuels (ANPG). The agreement follows Walcot’s successful bid for three oil blocks in a recent international licensing round and marks a significant step in the company’s strategy to expand across Africa’s leading energy markets. The signing ceremony took place in Luanda, where Walcot’s Founder and
Seplat Energy Plc has achieved a major milestone in Nigeria’s energy sector by installing over 850 million standard cubic feet per day (MMscfd) of gas infrastructure to enhance domestic gas supply. Speaking at a press briefing, Seplat’s Chief Operating Officer, Mr. Samson Ezugworie, stated that the development aligns with the company’s mission to reduce energy poverty and support sustainable national growth. “We’ve installed over 850 MMscfd of gas infrastructure across Nigeria to meet domestic demand,”
Egypt’s Ministry of Petroleum and Mineral Resources has announced three new oil and gas discoveries in the Western Desert, made by Khalda Petroleum Company—a joint venture between the Egyptian General Petroleum Corporation and U.S.-based Apache Corporation. The newly discovered fields are expected to yield approximately 12 million barrels of oil equivalent, including 4 million barrels of recoverable reserves. Daily production from the discoveries is projected at 2,750 barrels of oil and condensates, along with 20
