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Exxon Considers Exploration Offshore Trinidad

OilPrice

Exxon is reportedly in talks with the government of Trinidad and Tobago for oil exploration in up to seven offshore blocks, according to unnamed sources who spoke to Reuters. Per the report, the Trinidad and Tobago blocks are in close proximity to Exxon’s Stabroek block offshore Guyana. “We

Offshore 278
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Turkish Firms to Launch Oil and Gas Exploration Offshore Pakistan

OilPrice

Turkish energy firms will explore for oil and gas offshore Pakistan under agreements with local companies, Turkish Foreign Minister Hakan Fidan said during a visit to Pakistan on Wednesday. Earlier this…

Offshore 263
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Big Oil Is Back to Business in Libya

OilPrice

Libya’s National Oil Corporation (NOC) has signed agreements with supermajors BP and Shell to explore and evaluate the oil and gas potential of several fields in the African country, marking another step in Big Oil returning to doing business in Libya. Separately, the Libyan oil…

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Uganda in Search of JV Partner to Explore Oil Block

OilPrice

Uganda National Oil Company (UNOC) is on the lookout for a joint venture partner to help it explore and develop an oil block in the western part of the African country, a spokesperson for the state-owned oil firm told Reuters on Wednesday. The agreement could be renewed twice for two years, and the state oil firm renewed the deal in March.

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U.S. Majors Cash In as Permian Dominance Widens the Oil Gap

OilPrice

Upstream oil and gas—industry-speak for the exploration and production end of the business—has always been a game of geology, timing, and money. According to Wood Mackenzie, crude and condensate production across the U.S. Right now, U.S. oil majors are holding the better hand in the world of E&P.

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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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Hess exits deepwater exploration block in Suriname

Oil & Gas 360º

(World Oil) – The American international oil and gas company Hess (Suriname II) Exploration Limited (Hess) will relinquish Block 59 in offshore Suriname on 8 July 2025. Hess fulfilled its minimum work obligations and has decided not to move forward to the next phase of the exploration period, which concludes on 8 July 2025.