article thumbnail

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. This increase in production from existing fields underscores the countrys commitment to stabilizing and expanding its energy supply.

Oil 130
article thumbnail

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% Algerias Sonatrach will increase hydrocarbon production by 2.5%

E&P 130
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

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. Using domestic products in renewable projects adds investment tax credit benefits.

article thumbnail

Agiba Develops Iris Field in Record Time Producing 8,500 boe/d

Egypt Oil & Gas

Agiba Petroleum, together with its shareholders, has successfully completed the fast-track development of the Iris Field, a major hydrocarbon asset in the Egyptian Western Desert. The discovery made in the Masajid Formation, a Late Cretaceous carbonate reservoir, marks a significant milestone in Agibas near-field exploration strategy.

Field 52
article thumbnail

Egypt, Germany Explore Partnership in Natural, Hydrogen, Carbon Storage

Egypt Oil & Gas

Discussions focused on the German side’s potential purchase of Cypriot gas within the framework of the recently concluded agreement between Egypt and Cyprus to transport gas produced from Cypriot fields to Egypt via Egyptian liquefaction facilities.

Field 52
article thumbnail

Equatorial Guinea Set to Boost Exploration by Attracting New Investors in 2025

Oil News Africa

Equatorial Guinea is taking decisive steps to revitalize its upstream sector, with plans to launch a new licensing round in 2025 aimed at increasing exploration and production. With the global … Read More The post Equatorial Guinea Set to Boost Exploration by Attracting New Investors in 2025 appeared first on oilnewsafrica.

article thumbnail

BP Signs Agreement for Kirkuk Oil Fields Development

Iraq Business News: Oil & Gas

BP has reached a contractual agreement with the Government of Iraq to invest in the rehabilitation and redevelopment of several giant oil fields in Kirkuk. It will enable us to bring our experience of managing giant fields to realise the potential of this important asset for Iraq, working alongside and in close partnership with NOC and NGC.

Field 40