article thumbnail

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. Almost all well-known international companies” are vying for the 22 offshore and onshore blocks, he said.

article thumbnail

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. Image by batuhanozdel via iStock Chevron Corp. Eni SpA and Exxon Mobil Corp.

Oil
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Valor | Energy Connection – July 7, 2025

Valor

TThe legislation reinstates lower royalty rates, mandates expanded leasing on public lands and offshore areas—including the Gulf of Mexico and Alaska—and eliminates methane-related royalties and incentive program funding. million barrels.

article thumbnail

Libya’s First Oil Bid Round in 18 Years Offers Production Sharing Contracts

OilPrice

Libya is offering a total of 22 blocks for exploration and development, 11 offshore and 11 onshore blocks, including areas with undeveloped discoveries, in the first International Exploration and Development Bid Round in 18 years.

article thumbnail

Nuclear Making a Comeback in US, Europe

OilPrice

The Fukushima disaster soured the world on nuclear energy and the uranium industry after tsunami waves inundated Japans Fukushima Daiichi nuclear power complex on March 11, 2011.

article thumbnail

bp discovers oil at Far South prospect, deepwater U.S. Gulf

Oil & Gas 360º

Huntsville, Alabama, USA – June 26, 2011: Close up of illuminated bp sign at gas station in Huntsville, Alabama. onshore and offshore regions by 2030. (Investing) – bp today announced an oil discovery at the Far South prospect in the deepwater U.S. Gulf of America/Gulf of Mexico.

Oil
article thumbnail

Libya’s first oil bid round in 18 years offers production sharing contracts

Oil & Gas 360º

Libya is offering a total of 22 blocks for exploration and development, 11 offshore and 11 onshore blocks, including areas with undeveloped discoveries, in the first International Exploration and Development Bid Round in 18 years.