An American investor is set to enter Georgia’s oil and gas exploration sector, with plans to invest $70 million in the exploration and development of hydrocarbon resources, according to the Georgian Ministry of Economy.

A consortium led by U.S. oil giant Chevron signed exclusive lease agreements on Monday to explore for natural gas off southern Greece, further expanding the United States' presence in the eastern Mediterranean.

Kazakhstan's national oil and gas company KazMunayGas (KMG) produced 26.2 million tons of oil and gas condensate in 2025, up 10 percent year on year, the company's press service said Friday.

Türkiye’s state-owned Turkish Petroleum Corporation (TPAO) has secured two exploration blocks — one onshore and one offshore — in Libya’s first oil and gas licensing round in 17 years.

The government of the Australian state of Queensland on Tuesday approved new oil and gas exploration in a region the industry says could become the country’s first major new oil province in decades.

Türkiye’s national energy company Turkish Petroleum (TPAO) and US energy major Chevron have signed a memorandum of understanding to assess potential cooperation in oil and natural gas exploration and production, Türkiye’s energy and natural resources minister said on Thursday.

Greece has named a consortium of U.S. oil major Chevron and the country’s largest oil refiner, Helleniq Energy, as the preferred bidder for offshore gas exploration in southern Greek waters, the energy ministry announced on Friday.

Türkiye’s state-run Turkish Petroleum Corporation (TPAO) and Hungary’s MOL have signed an agreement to launch joint oil and natural gas exploration and production at two sites in Hungary.