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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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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).

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

OilPrice

which stands for China National Offshore Oil Corporation, has followed through on an earlier announced sale of its Gulf of Mexico assets to Britains Ineos Energy. Ineos Energy focuses on oil and gas exploration and production, with activities in the North Sea, UK, Denmark and the USA.Its onshore assets

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Shell Boost Stake in Nigerian Deepwater as TotalEnergies Exits Bonga Oilfield

OilPrice

non-operated stake in the deepwater oilfield Bonga offshore Nigeria, where the UK-based supermajor plans to develop another major project. Shells subsidiary operating the Bonga oilfield, Shell Nigeria Exploration and Production Company (SNEPCo), has signed an agreement to buy the French supermajors 12.5%

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Libya launches first oil exploration bid round in 17 years

Oil & Gas 360º

(World Oil) – Libyas oil and gas sector is set for a new era of growth and investment following the announcement of its first exploration bid round in 17 years. This increase in production from existing fields underscores the countrys commitment to stabilizing and expanding its energy supply.

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

Oil & Gas 360º

(Oil Price) –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. Libyas crude oil production currently exceeds 1.4 million barrels per day (bpd), NOC says.

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U.S. crude production may decline in 2026 amid slowing global demand, S&P Global says

Oil & Gas 360º

oil production growth later this year and could lead to an annual decline in output in 2026, according to a new analysis by S&P Global Commodity Insights. As a result of the declining demand outlook and expected supply surplus (likely widened by recent OPEC+ decisions to accelerate the pace of production increases), U.S.

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