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Vitol to Buy Stakes in Eni’s Upstream Projects in West Africa

OilPrice

The worlds largest independent oil trader, Vitol, will buy stakes in some upstream assets in West Africa from Eni for $1.65 Eni has been pursuing in recent years the so-called dual exploration model, under which it sells part of its majority stakes to other companies to fast-track oil and gas discoveries to production.

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Upstream M&A sails to $17 billion in 1Q25

Enverus

Calgary, Alberta (April 23, 2025) Enverus Intelligence Research (EIR), a subsidiary of Enverus, the most trusted energy-dedicated SaaS company that leverages generative AI across its solutions, is releasing its summary of 1Q2025 upstream M&A activity and outlook for the rest of the year.

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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. Momentum is already building across Libyas energy industry, with several upstream developments demonstrating the countrys renewed focus growth and investment.

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Upstream M&A reached $17 billion in Q1 2025, Enverus says

Oil & Gas 360º

(World Oil) – Enverus Intelligence Research (EIR), a subsidiary of Enverus, is releasing its summary of 1Q2025 upstream M&A activity and outlook for the rest of the year. Upstream M&A opened 2025 with $17 billion in deal value, the second-best start to a year since 2018.

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Egypt, Capricorn Energy Talk Upstream Future Plans

Egypt Oil & Gas

The meeting discussed the company’s activities in its concession areas in the Western Desert of Egypt and its future plans to intensify upstream activities. Badawi emphasized the Ministrys commitment to overcoming challenges and strengthening partnerships in support of its goals to attract investment and boost domestic production.

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bp discovers oil at Far South prospect, deepwater U.S. Gulf

Oil & Gas 360º

bp drilled the exploration well in Green Canyon Block 584, located in western Green Canyon approximately 120 miles off the coast of Louisiana in 4,092 feet of water. bp expects to grow its global upstream production to 2.3 million barrels of oil equivalent in 2030, with the capacity to increase production out to 2035.

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Shell compra 12.5% de participación de yacimiento de aguas profundas en Nigeria a TotalEnergies

Oil & Gas Magazine

Una vez completada esta transaccin con TotalEnergies, la participacin de Shell en el campo Bonga de Nigeria aumentar del 55 % al 67.5 % Shell , a travs de su filial Nigeria Exploration and Production Company, firm un acuerdo con TotalEnergies para adquirir su participacin del 12.5%