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Libya launches first oil exploration bid round in 17 years

Oil & Gas 360ยบ

(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.

Oil 130
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Petra Nova, Pioneering Power Plant Carbon Capture Unit, Is Up and Running Again, says JX Nippon

POWER Magazine

Petra Nova, one of the worldโ€™s only two carbon capture and storage (CCS) retrofits at a commercial power plant, has restarted operations, JX Nippon Oil and Gas Exploration Corp.

Oil 321
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Demand, tariffs and production economics will drive reshoring revival

Enverus

The report also explores regional load growth variations influenced by infrastructure and adoption trends, the impact of recent legislation and tax credits on manufacturing and the comparative economics of imports versus domestic production. Key takeaways from the report series: Tariffs on clean energy equipment can boost U.S.

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

Oil & Gas 360ยบ

Boosting production Major oil producers in Africa are striving to boost production and NOC-IOC collaboration is at the forefront. Algerias Sonatrach will increase hydrocarbon production by 2.5% Negotiations are underway with ExxonMobil and Chevron to boost exploration.

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How Natural Gas is Formed: The Origins of Our Energy Source

True Natural Gas

Natural gas is one of the most important energy sources powering homes, businesses, and industries worldwide. It fuels electricity generation, heats buildings, and serves as a key ingredient in many everyday products. But have you ever wondered how natural gas is formed?

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Vitesse Energy completes $222 million acquisition of Lucero Energy

Oil & Gas 360ยบ

(World Oil) – Vitesse Energy announced today the completion of its previously announced acquisition of Lucero Energy. Mboe per day of two-stream net production during the third quarter of 2024. Mboe per day of two-stream net production during the third quarter of 2024.

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NIGERIA: Savannah Energy Completes Acquisition of SIPEC

Oil News Africa

Savannah Energy announces the completion of the acquisition of 100% of Sinopec International Petroleum Exploration and Production Company Nigeria Limited SIPEC, following a signing ceremony held in Lagos earlier this … Read More The post NIGERIA: Savannah Energy Completes Acquisition of SIPEC appeared first on oilnewsafrica.