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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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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. In July 2024, Hess’ partners ExxonMobil Exploration and Production Suriname B.V., This is common in the oil and gas industry.

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Namibia Considers Incentives to Help Launch its Oil Industry

OilPrice

Namibia, one of the latest exploration hotspots in the world, is weighing potential further incentives and financing options to offer to international majors preparing plans for oil production offshore the African country. However, without infrastructure in place, costs are higher for production development plans.

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Oil majors compete for Libya’s first exploration tender since 2011 war

Oil & Gas 360º

(World Oil) – Chevron Corp. 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. Waha Oil Co., Eni SpA and Exxon Mobil Corp.

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BP-Eni JV makes major gas discovery offshore Angola

Oil & Gas 360º

(Oil Price) – Azule Energy, a joint venture of international majors BP and Eni, has discovered a major natural gas reservoir offshore Angola in the first gas-targeting exploration well in the oil-producing country. The country aims to boost its current oil production of about 1.1

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Cenovus Energy restores full production at Christina Lake

Oil & Gas 360º

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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.