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Libya launches first oil exploration bid round in 17 years

Oil & Gas 360º

Momentum is already building across Libyas energy industry, with several upstream developments demonstrating the countrys renewed focus growth and investment. Last month, Mellitah Oil and Gas Company successfully resumed gas production at Well CC18 in the Bahr Essalam field, reinforcing Libyas ability to meet both domestic and export demands.

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African national oil companies (NOCs) partnering with independents to drive E&P

Oil & Gas 360º

(World Oil) – Africas national oil companies (NOC) are moving beyond operating as state-representatives by transforming themselves into competitive upstream players. UNOC is also advancing exploration in the Moroto-Kyoga basins, with preliminary studies aimed at uncovering new oil fields.

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BP and Chevron Hit Oil in Deepwater Gulf of America

Rextag

The discovery comes amid BP's broader pivot away from rapid renewables expansion toward reinforcing its upstream oil and gas portfolio to meet investor expectations and improve financial performance. Gulf Remains Core to BP's Growth The Gulf of America remains a critical area for BPs upstream operations.

Oil 52
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How Energy Giants Performed in Q1 2025: A Breakdown of Equinor, BP, Hess, and NOG

Rextag

production increased versus the prior year, due to: Increased output from existing fields Higher ownership from new transactions in U.S. BP achieved upstream plant reliability of 95.4%, one of its best on record, and refining availability at 96.2%. TWh , the same as Q1 2024. Empire Wind in the U.S.). billion Net Income: $2.63