Libya's National Oil Corporation said it is approaching the final stage of a public exploration bid round, with companies expected to submit offers and open bids in February 2026, according to a statement on Thursday.The bid round, the first in over 17 years, covers 22 areas for oil exploration and development, including 11 offshore and 11 onshore blocks, oil officials said.The bidding round, announced on March 3…
The message could not have been clearer as protesters carried coffins labeled oil, coal and gas through Belém while negotiators met in the Amazonian city for the United Nations COP30 climate summit.It may be too early to declare the end of the fossil fuel era…
TotalEnergies has signed agreements with Conoil to acquire a further 50% interest in oil exploration block OPL 257 from its Nigerian partner, bringing its holding to 90%, the French group said on Wednesday.The deal is part of efforts to consolidate…
Ghana has initiated talks to take over Springfield Exploration's stake in an offshore block holding an estimated 1.5 billion barrels of oil, the energy ministry said, as the country seeks to reverse falling output to bolster its economic recovery…
The Bureau of Ocean Energy Management announced a Proposed Notice of Sale for the second offshore oil and gas lease sale under the One Big Beautiful Bill Act. The proposed lease sale, known as Big Beautiful Gulf, or BBG2, is scheduled to take place on March 11…
BW Energy has completed drilling operations on the Kharas-1 appraisal well in the Kudu license area, offshore Namibia, confirming the presence of hydrocarbons.The well, drilled with Odfjell Drilling-managed Deepsea Mira rig, reached a total depth of 5…
Pakistan approved a new offshore exploration consortium on Tuesday, clearing Turkish Petroleum Overseas Company to take over operatorship of the Eastern Offshore Block-C as part of a push to revive drilling, the adviser to the finance ministry said…
Brazil’s Petrobras has identified the presence of 'excellent quality' oil in the post-salt section of the Campos Basin, following the drilling of an exploratory well in the Sudoeste de Tartaruga Verde block.The 4-BRSA-1403D-RJS well lies 108…
Energy data and intelligence firm TGS has outlined plans for the start of Pelotas Norte Phase I multi-client 3D survey in the Pelotas Basin, offshore southern Brazil.Phase I will encompass approximately 14,800 square kilometers across 21 exploration blocks…
QatarEnergy has signed a production sharing agreement for shallow-water Block S4 offshore Guyana. The block was awarded through the 2022 Guyana Licensing Round.Under the terms of the agreement, QatarEnergy will hold a 35% share, while its partners TotalEnergies will act as operator…
ExxonMobil Guyana and its Stabroek block co-venturers, Hess Guyana Exploration and CNOOC Petroleum Guyana, have reached a new milestone in the South American country, with the production rising to 900,000 barrels of oil daily.The achievement…
U.S. private equity firm Carlyle is exploring options to buy Russian oil major Lukoil's LKOH.MM foreign assets, three sources familiar with the situation said.The U.S. has hit Lukoil with sanctions as part of its effort to bring the Kremlin to peace talks over Ukraine…
Suriname's Staatsolie has approved the commercial declaration of the Sloanea gas discovery by Malaysia's Petronas at one of the country's most promising offshore areas, Block 52, the state-run company said on Thursday.The declaration follows…
From Egypt to Kazakhstan, the foreign assets of Russian oil major Lukoil LKOH.MM are attracting potential bidders as time runs out to clear deals before U.S. authorities enforce sanctions.The U.S. has hit Lukoil with sanctions as part of its effort to bring the Kremlin to peace talks over Ukraine…
Viridien, in collaboration with TGS, has made available the early out results from the Laconia Phase III ultra-long offset ocean bottom node (OBN) survey in the Gulf of America.The initial 5Hz Acoustic TLFWI (AFWI) Ocean Bottom Node (OBN) products from the Laconia Phase III survey are now available…
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