Exploration/discoveries
The Nigerian Upstream Petroleum Regulatory Commission has set its sights on anti-corruption efforts for the 2025 Licensing Round, which began on 1 December.
The discovery in the Kutei Basin offshore Indonesia is being considered for fast-track development.
Deepwater blocks drew most of the attention in the first lease sale for the offshore region to be held in 2 years.
-
By boosting gas supplies to Egypt’s home market, Cairo can return its focus to developing an LNG export hub. -
Of the 53 licenses awarded, 33 are in the North Sea, 19 in the Norwegian Sea, and one in the Barents Sea.
-
The money will aid the partnership of Equinor and Standard Lithium in constructing a processing plant, which, in its first phase, is targeted to produce 22,500 tonnes of lithium carbonate per year for use in battery production.
-
Rystad Energy and Wood Mackenzie highlight key factors shaping the balancing act in the upstream oil market.
-
The Libyan National Oil Company plans to tender 22 onshore/offshore exploration blocks in 2025 as it works to rebuild credibility with foreign oil producers.
-
Updates about global exploration and production activities and developments.
-
After being a non-factor in the energy industry for years, the country is now one of the fastest growing regions.
-
Partners will go back to the drawing board to design a new well to reach the prospect’s primary objectives.
-
The environmental impact statement is a required step before another lease sale can be held in the Gulf of Mexico, a move welcomed by the oil and gas industry.
-
If the find is commercially viable, the company and its partners say a subsea-to-shore development plan could produce first gas as early as 2027.
