Exploration
News
March 27, 2025
Block Energy plc, the production and development company focused on Georgia, has announced its acquisition of a 10% participating interest in the XIQ Production Sharing Contract (PSC).
News
March 26, 2025
bp has received final government ratification for its contract to invest in the redevelopment of several giant oil fields in Kirkuk, in the north of Iraq. The contract between North Oil Company (NOC), North Gas Company (NGC) and bp includes the rehabilitation and redevelopment of the fields, spanning oil, gas, power and water with potential for investment in exploration.
News
March 21, 2025
ReconAfrica has moved up drilling plans for its Prospect I exploration well in the Damara Ford Belt region of Namibia as a result of successful progress to date. Prospect I contains significant hydrocarbon and natural gas potential, the company announced.
News
March 19, 2025
Earlier this week, Egyptian President Abdel Fattah El-Sisi met with Prime Minister, Dr. Mostafa Madbouly, and Minister of Petroleum and Mineral Resources, Eng. Karim Badawi to discuss exploration activity, and particularly the "Fayoum 5" oil and gas field.
News
March 18, 2025
STRYDE has announced the first sale of its Mini Seismic System in Latin America to Colombian company Energy Geophysical Services SAS (EGS). EGS previously deployed STRYDE’s seismic technology across its oil and gas exploration surveys in 2024.
News
March 18, 2025
Equatorial Guinea has relaunched its open-door licensing process for 2025, setting the stage for a major licensing round and marking a strategic shift toward prioritizing licensing and exploration, with a strong focus on regulatory competitiveness, tax incentives and data transparency.
News
March 18, 2025
MOL has discovered a new oil field near Somogysámson in Western Hungary. During the exploration drilling carried out in December 2024, oil was found at a depth of 1,250 meters. According to the results, the well has potential to produce 1,200 bpd.
News
March 12, 2025
CERAWeek 2025 by S&P Global maintained momentum into the middle of the week with a panel discussing some of the long-term challenges facing the upstream. Featuring executive representatives from bp, Repsol, Baker Hughes and Cairn Oil & Gas, the panel presented a range of perspectives from upstream production and exploration to upstream services and emerging markets.
News
March 10, 2025
Egypt will launch a new licensing round, offering 13 exploration and production opportunities in a bid to further develop its hydrocarbon resources. With the government’s commitment to boosting E&P activities, Egypt is positioning itself as a leading player in the region’s energy landscape.
News
March 07, 2025
By strengthening their balance-sheets through partial privatization, transferring their regulatory roles to independent entities and acquiring more assets, African NOCs are emerging as strong partners for foreign firms.
News
March 06, 2025
Sercel has announced the delivery of several next-generation 528™ cable-based land seismic acquisition systems for deployment on exploration surveys in India and Türkiye, just over a year after the new system’s launch.
News
March 06, 2025
Tanzania aims to start a licensing round for dozens of oil and gas exploration blocks in May, the first in more than a decade for the nation with an estimated 57 trillion cubic feet of natural gas reserves. Three of the 26 blocks are in Lake Tanganyika and the rest in the Indian Ocean.
News
March 05, 2025
Libya’s 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. The bid round is expected to attract foreign investors and drive exploration activities across Libya’s resource-rich basins.
News
February 28, 2025
The African Energy Chamber (AEC) recently met with Equatorial Guinea’s National Council for Economic and Social Development (CNDES) to explore strategic cooperation aimed at maximizing the country’s oil and gas sector development.
News
February 21, 2025
Bowman Consulting Group has entered into a definitive purchase agreement to acquire UP Engineering, a San Antonio, Texas-based firm specializing in civil engineering and surveying services. UP serves clients throughout Texas with a focus on oil and gas, industrial, commercial and residential projects.
News
February 13, 2025
Mozambique has committed to “drill, baby, drill,” and expand exploration and production activity in a key message delivered by Florival Mucave, Chairman of the Mozambique Energy Chamber, during a roundtable event in Maputo on Thursday.
News
February 11, 2025
Equatorial Guinea is aiming to revitalize its upstream sector, with plans to launch a new licensing round in 2025 aimed at increasing E&P activity. Equatorial Guinea’s last licensing round, held in 2019, offered 27 blocks for exploration and attracted significant industry interest.
News
January 31, 2025
(Bloomberg) – Tullow Oil Plc said it will consider selling non-core assets while it plans to repay bonds maturing soon with a mix of cash and available credit lines. Tullow borrowed billions of dollars during its free-spending days searching for new oil basins.
News
January 24, 2025
The African Energy Chamber is calling for the industry to stand against growing opposition from western agencies undermining the economic growth potential presented by Africa’s oil and gas industry.
News
January 23, 2025
VAALCO Energy, Inc. has provided an operational update that included record production and sales volumes for 2024. Vaalco is a Houston-based, independent E&P company with assets across Gabon, Egypt, Cote d’Ivoire, Equatorial Guinea, Nigeria and Canada.
