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Oil majors compete for Libya’s first exploration tender since 2011 war

Oil & Gas 360º

and TotalEnergies SE are competing in Libya’s first energy exploration tender since the 2011 conflict, the country’s state-run oil firm said, as the OPEC member looks to oil majors to help ramp up production to a record. Authorities target daily oil output of 2 million barrels before 2030 — surpassing the 1.75 million bpd.

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Sudan and South Sudan Clash Over Oil Export Fees

OilPrice

South Sudan, a landlocked country in East Africa, broke from Sudan in 2011 and took with it around 350,000 barrels of day (bpd) in oil production at the time. However, the only export oil pipeline out of South Sudan passes through its neighbor to the north, Sudan. To access Port Sudan…

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Chevron, Total Vying in Libya's First Oil Tender Since 2011 War

Rigzone

and TotalEnergies SE are competing in Libya’s first energy exploration tender since the 2011 conflict, the country’s state-run oil firm said, as the OPEC member looks to oil majors to help ramp up production to a record. Authorities target daily oil output of 2 million barrels before 2030 — surpassing the 1.75

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Oil at $100 a barrel? U.S. role in Iran-Israel fight fuels market jitters

CNBC: Energy

entered the war between Iran and Israel, said industry watchers, predicting oil at $100 a barrel if the Strait of Hormuz is closed. entered the war between Iran and Israel, said industry watchers, predicting oil at $100 a barrel if the Strait of Hormuz is closed. per barrel, while global benchmark Brent was up nearly 2% at $78.53

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Canada's Oil Sands Emissions Intensity Falls for Sixth Year

Rigzone

Image by Phototreat via iStock Canada’s oil sands industry reduced its emissions per barrel for the sixth straight year in 2023, even as one growing portion of the sector moved in the opposite direction, according to new Alberta government data released Thursday. That’s the highest in data back to 2011.

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Valor | Energy Connection – July 7, 2025

Valor

OPEC+ members agree to larger-than-expected oil production hike in August Summary : An eight-nation OPEC+ group, including Russia and Saudi Arabia, agreed to a larger-than-expected 548,000 barrels per day (bpd) production hike for August. per barrel. million barrels. million bpd of voluntary supply cuts. and WTI at $66.50

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Oil prices jump more than 2% after U.S. strikes on Iran raise fears of supply disruption

CNBC: Energy

million barrels per day in May, according to an OPEC report citing independent estimates. per barrel, while global benchmark Brent was up $1.80, or 2.34%, to $78.81 per barrel. Israeli hostilities, given the example of the long-spanning impact that the 2011 NATO-led ousting of Muammar Gaddafi had on Libya's supplies.

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