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Turkey Looks to Expand Oil and Gas Exploration in Its Region

OilPrice

Turkey is boosting domestic natural gas production in its Black Sea waters and is looking to expand its international partnerships in oil and gas exploration in Bulgarias Black Sea, in the Caspian Sea region, and in Iraq, Turkish Energy and Natural Resources Minister, Alparslan Bayraktar, said on Monday. Most likely next month, TPAO

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

OilPrice

Libya will offer production sharing agreements to the successful bidders in its first oil and gas exploration bid round in 18 years, top Libyan oil officials said at an event in London on Monday. The previous such bid round was held in 2007, four years before the toppling of Muammar Ghaddafi in 2011, which led to a protracted

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CanCambria Energy Corp wins exploration tender at Kiskunhalas covering over 230,000 acres

Oil & Gas 360º

It is located adjacent to CanCambrias existing Ba-IX mining license (32,500 acres), creating a consolidated, contiguous position within the Pannonian Basin, a mature and historically productive region in southern Hungary. is a Canadian-based exploration and production company specializing in tight gas development.

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Iraq Files Lawsuit Against U.S. Over Kurdistan Oil Contracts

OilPrice

government of allowing companies under its jurisdiction to sign oil exploration and production deals directly with the KRG. According to Iraqi media, the lawsuit was filed on Monday and accuses the U.S. Baghdad argues these deals bypass the federal oil ministry

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Chevron expresses interest in more exploration blocks offshore Greece

Oil & Gas 360º

supermajor Chevron has expressed interest in oil and gas exploration in two additional offshore blocks south of the Greek island of Crete, Greeces Ministry of Energy and Environment said on Wednesday. The two new blocks now essentially double the total area for exploration to 47,000 sq km (18,147 square miles). (Oil Price) –U.S.

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US Weekly Oil Data & OPEC’s Production

Energy Outlook Advisors

Oil prices dipped slightly today but have risen since OPEC+ decided to boost production by 411,000 barrels per day in June. OPEC anticipates a 5% drop in non-OPEC+ exploration and production investment in 2025, despite a $3 billion rise in 2024. Production from the 10 non-OPEC OPEC+ members dropped by 45 kb/d.

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Britain’s Ineos Acquires CNOOC’s Gulf of Mexico Assets

OilPrice

Ineos Energy focuses on oil and gas exploration and production, with activities in the North Sea, UK, Denmark and the USA.Its onshore assets Chinese state-owned oil giant CNOOC Ltd.,