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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…

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Equinor Makes Gas Discovery Near Huge Arctic Oilfield

OilPrice

Equinor has made a gas discovery close to its Johan Castberg oilfield in the Barents Sea and will assess a potential tie-in to the now fully operational Arctic field. Preliminary estimates put the size of the discovery…

Gas 240
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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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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.

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Turkey Eyes Oil & Gas Exploration In Bulgaria, Iraq And Libya

OilPrice

Turkey is currently in talks to explore for oil and gas in Bulgaria, with similar plans for exploration in Iraq and Libya, Turkish Energy Minister Alparslan Bayraktar has revealed. Turkey not only wants to boost domestic oil and gas production, but also harbors ambitions to become a regional energy hub.

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Cenovus Energy restores full production at Christina Lake

Oil & Gas 360º

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bp, Shell sign deals for Libya exploration and redevelopment

Oil & Gas 360º

Separately, a Shell spokesman confirmed the company has signed a MOU with NOC “to study potential opportunities in the country’s oil and gas sector.” 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. million to 1.3