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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. Chevron said it constantly reviews new exploration opportunities, but doesn’t comment on commercial matters.

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bp, Shell sign deals for Libya exploration and redevelopment

Oil & Gas 360º

Ever since the civil war, which led to a slump in Libya’s production by about 18-fold to around 100,000 bpd in 2011, output has been volatile. Starting last year, international companies, including bp, Italy’s Eni SpA, Spain’s Repsol SA and Austria’s OMV AG, resumed drilling in Libya, ending pauses in place since 2014. million to 1.3

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OPEC+ likely to pause output hikes after next meeting, says Goldman Sachs

Oil & Gas 360º

Our base case remains that they will be done raising production once the 2.2 Back in May, Goldman had anticipated that OPEC+ would pause production hikes after an increase in July but the group carried on. The organization and its allies have been voluntarily holding back a second, smaller tranche of supply, propping up oil prices.

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How Canada’s oil sands transformed into one of North America’s lowest-cost plays

Oil & Gas 360º

In the years following the oil price crash of 2014-15, international oil majors including BP, Chevron and Total sold their interests in Canadian oil sands. They directed their capital to cheaper oil production, and favored U.S. shale for its quicker drilling time and returns. tariff threats.

Oil 130
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Equinor Hits New Discovery in Johan Castberg

Rigzone

The discovery was drilled near the Drivis discoveries of 2014, according to a press release by Equinor. Johan Castberg is the third field developed in the Norwegian Barents Sea after Snohvit, which started production 2007, and Goliat, which went online 2016. percent stake. feet) below the seabed.

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EnerCom announces Liberty Energy and Baker Hughes as Keynote Speakers at the 30th annual EnerCom Denver – The Energy Investment Conference, August 17-20, 2025

Oil & Gas 360º

He joined the company in 2014 as VP of Technology and Development. in Mechanical Engineering from the University of Alberta and has held previously roles at Sanjel Corporation, Zodiac Exploration, and Pinnacle Technologies, specializing in hydraulic fracturing in unconventional reservoirs. Ron holds a B.Sc.

Energy 130
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Zephyr Energy announces result of oversubscribed Bookbuild and Posting of Notice of general Meeting

Oil & Gas 360º

THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION FOR THE PURPOSES OF THE MARKET ABUSE REGULATION (EU) 596 / 2014 WHICH FORMS PART OF UK LAW BY VIRTUE OF THE EUROPEAN UNION (WITHDRAWAL) ACT 2018 (“UK MAR”). Cash flow from the Williston production will be used to fund the planned Paradox Basin development.

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