Tag: exploration
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US oil and gas companies are competing for the first exploration round in the Gulf of Mexico since 2021
US oil and gas companies are preparing to compete for contracts for the first exploration round in the Gulf of Mexico to be approved by President Joe Biden, after the tours stopped since 2021. The US Department of the Interior has completed the necessary arrangements for holding the new auction to purchase exploration rights in…
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Malaysia’s Petronas signs production sharing agreements in 9 exploration sites
The Malaysian company Petronas, which specializes in oil exploration and production, is looking forward to strengthening its local investment portfolio. What drives it to enter into new partnerships from time to time to carry out exploratory activities, and then raise its production, and eventually revive its treasury. Malaysia aims to put its oil and gas…
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EGYPS 2023.. Egypt plans to drill 300 wells for oil and gas exploration
Egypt seeks to develop its energy sector. Today, Sunday, February 12, Minister of Petroleum and Mineral Resources Tariq Al-Mulla – during his speech following the presidential opening of the EGYPS 2023 conference – unveiled a plan to drill more than 300 exploratory wells. Al-Mulla explained that Cairo has already started communicating with global partners, and…
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An Egyptian company plans to drill 11 wells for oil and gas exploration
The Egyptian Gulf of Suez Petroleum Company “GUPCO” is preparing to start drilling 11 wells for oil and gas exploration, to increase Egypt’s hydrocarbon reserves. Today, Monday, January 30 (2023), Egyptian Minister of Petroleum Tariq El-Molla said, during the approval of the company’s planning budget for the fiscal year (2023-2024), that there is importance to…
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Announcing the date of oil and gas exploration in Lebanon (update)
Oil and gas exploration work in Lebanon, which witnessed the signing of a new agreement today, Sunday, January 29 (2023), is preparing to start within a few days. The CEO of the French company Total Energy, Patrick Pouyanné, said that his company is keen to start work on offshore block 9 as soon as possible,…
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Oil and gas exploration in Zimbabwe is achieving unprecedented results
Australian company Invictus Energy announced the success of its oil and gas exploration operations in Zimbabwe, as part of updating its results from its first well in the country. The company stated that after the completion of the operations of the Mokoyo-1 well, 13 potential areas for oil and gas extraction were identified from the…
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Shock in the oil and gas sector in the Netherlands after the announcement of the cessation of onshore exploration
The oil and gas sector in the Netherlands is preparing to receive an additional deflationary shock, after the government announced the suspension of new onshore exploration activities. Today, Friday, January 20 (2023), the Dutch government announced its readiness to stop research and land exploration activities for fossil fuel sources, according to Reuters. The Dutch government…
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Oil and gas exploration in Norway rebounds with 47 new licenses
Oil and gas exploration continues in Norway, through huge deals announced by the state, granting exploration companies 47 new licenses recently, as part of its interest in this vital sector. Far Energy, a subsidiary of the Italian company Eni, has obtained 12 new exploration licenses in Norway, of which it will operate 5, reinforcing its…
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New bidding round for oil exploration in Nigeria
The oil sector in Nigeria is preparing to receive new investments during the current year (2023), after the competent authority announced the launch of a new round of bids for oil exploration in a number of offshore blocks. The Nigerian Petroleum Regulatory Authority announced that 7 offshore oil blocks will be offered to interested companies…
