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Libya launches first oil exploration bid round in 17 years

Oil & Gas 360ยบ

The Libyan government has officially launched the 2025 bid round for oil exploration, a long-anticipated move that marks a significant milestone in the countrys efforts to revitalize its energy industry. This increase in production from existing fields underscores the countrys commitment to stabilizing and expanding its energy supply.

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Nigeria Oil Industry Overview

Drillers

Recently, the Nigerian government demanded more than $60 billion in back royalties under a production sharing agreement with the supermajors operating in the country. The country’s first field began producing in 1958 at a rate of 5,100 BPD. The government has been fighting the illicit refineries for years.

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Oil & Gas in 2025: Which Basin Will Dominate U.S. Energy and Whatโ€™s Behind the $105 Billion in Oil Deals?

Rextag

Now, as we step into 2025 , the industry faces critical questions : Which basins will see the most growth? oil & gas basins , the leading companies , and market trends using the latest data and forecasts. The Permian Basin remains the top destination for U.S. What are the key companies doing to stay competitive? MMBbl/d.

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Whitecap Resources, Veren to combine to form C$15 billion Canadian energy giant

Oil & Gas 360ยบ

Our combined company will include exceptional technical and support personnel from the two companies in both the office and field and an experienced Board of Directors that prioritizes sustainable and profitable growth to generate strong returns for our combined shareholders. .”

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Natural Gas Performs During Arctic Blast, Keeping Millions of American Homes Powered, Warm

Marcellus Shale Coalition

Here we are, sitting atop one of the largest natural gas basins in the world; producing, processing and transporting the fuel that is clearly the most logical source for ensure reliable and resilient electric generation…We have the grid operator warning us of a significant shortfall in electric generation on the near horizon.

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Valor | Energy Connection โ€“ Feb. 3, 2025

Valor

Read more Judge blocks major North Sea oil and gas projects in victory for activists Summary : A UK judge temporarily halted a major oil and gas development in the North Sea, ruling that the government’s environmental impact assessment was insufficient. Read more US drilling activity rises, led by Permian Basin surge Summary : The U.S.

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