Chevron
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Phase 1 of the lease agreements calls for 2D and 3D seismic over the blocks. -
By opening new fields to exploration and development, Libya is poised to boost gas production to supply exports in meaningful volumes to Europe by early 2030.
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An earlier deal to double Israel’s gas exports to Egypt led to approval of Leviathan’s Phase 1B expansion by guaranteeing long-term cash flow to finance the project.
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Major increases in hydrocarbon production require both incremental and revolutionary technologies, industry leaders said during the SPE Hydraulic Fracturing Technology Conference.
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Rystad Energy expects the continent to account for the largest share of frontier and basin-opening wells in 2026 as operators pursue scale and untapped resources.
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Updates about global exploration and production activities and developments.
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The deal targets increased investment and production from one of the country’s largest onshore developments.
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Damage to power distribution systems prompted precautionary shutdowns at two major oil fields.
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US oil executives say large-scale investment in Venezuela will depend on governance reforms and sustainable legal protections.
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Following a US military operation to arrest Venezuela’s president, analysts say there is no easy fix for the country’s beleaguered upstream sector.
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