Senegal and Eni have signed a memorandum of understanding covering the assessment of five offshore oil blocks as Dakar seeks to revive exploration and attract new energy investment. Eni will finance technical studies on blocks SN01M, SN02M, SN03M, SN07M and SN40M, but the preliminary agreement does not include drilling at this stage. Senegal plans to […]
On Friday, the Libyan-Tunisian Joint Oil Exploration, Exploitation and Petroleum Services Company (Joint Oil) announced the schedule of a new bid round for exploration and development of offshore acreage in the Gabes-Tripoli Basin, the cross-border zone the two countries jointly administer in the central Mediterranean. The round, run with strategic advisor Moyes & Co, opens […]
Angola’s national oil and gas agency signed an exclusive negotiation agreement with Shell on November 3 to explore and develop Blocks 19, 34, and 35, along with several ultra deep water blocks, marking what officials describe as a historic moment for the country’s struggling petroleum sector.
Brazilian President Luiz Inacio Lula da Silva is pressuring the country’s environmental regulators to approve oil drilling near the mouth of the Amazon River, arguing that revenue from this new fossil fuel supply could help finance a transition to green energy. Located in the Equatorial Margin, the offshore site, Bloc 59, is about 160 kilometers (99 miles) off Brazil’s eastern coast. Brazil’s environmental regulator rejected a license in 2023, citing issues such as the risk of oil spills that could affect one of the world’s most biodiverse regions. State-run oil giant Petrobras (NYSE:PBR) estimates the potential reserves in the basin at 10 billion barrels.
Chief Executive of the Commission, Egbert Fabile Jnr called for reforms to the country’s legal framework on oil explorations.
President Ruto announces that Kenya has slowed down any investment in oil exploration.
Underinvestment in oil and gas exploration has been a scarecrow for energy security for several years now.
Kosmos Energy (NYSE:KOS) engages in the exploration, development and production of oil and gas.
In a hotly debated move, the Petro administration hiked taxes for Colombia’s oil industry.
PORT OF SPAIN, Nov 15 (Reuters) – Trinidad and Tobago’s Cabinet will make a decision soon on bids submitted for four deepwater exploration blocks that are key to expanding its natural gas production, Energy Minister Stuart Young said.