Tag:

Oil And Gas

US investor to enter Georgia oil and gas sector with $70m investment

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.

30 Apr 2026-11:07
Oil India strikes major oil and gas discovery in Libya’s Ghadames basin - VIDEO

India's international energy efforts have gained new momentum as Indian Oil Corporation (IOC) and Oil India Limited announced a fresh oil and gas discovery in Libya, coinciding with heightened strain in global crude markets due to geopolitical tensions and disruptions around the Strait of Hormuz.

29 Apr 2026-18:17
Libya announces new oil and gas discovery in key basin

National Oil Corporation (NOC) announced on Wednesday a new oil and gas discovery in the Ghadames Basin, located in the southwest of Libya.

09 Apr 2026-09:08
Azerbaijan launches search for new Caspian oil and gas reserves

The State Oil Company of the Republic of Azerbaijan (SOCAR) has launched a new phase of offshore exploration in Azerbaijan’s sector of the Caspian Sea with detailed seabed studies at the promising Goshadash structure. The project marks a preparatory stage ahead of a large-scale seismic survey that will use advanced Ocean Bottom Node (OBN) technology, underscoring Azerbaijan’s commitment to expanding its hydrocarbon resource base and maintaining its role as a key energy supplier to regional and global markets.

13 Mar 2026-13:40
Oil companies have suspended shipments through Hormuz due to US strikes on Iran

Some oil majors and top trading houses have suspended crude oil, fuel and liquefied natural gas (LNG) shipments via the Strait of Hormuz as the U.S. and Israel attack Iran and Tehran retaliates, four trading sources said on Saturday.

28 Feb 2026-19:58
US authorizes licenses for Venezuela's oil and gas sectors

The U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) on Friday issued two new general licenses aimed at enabling transactions within Venezuela’s energy sector.

14 Feb 2026-12:11
Türkiye's TPAO secures two blocks in Libya energy round

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.

11 Feb 2026-17:05
Australia approves new oil, gas exploration in Queensland

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.

10 Feb 2026-14:32
Turkish Petroleum, Chevron ink deal on oil, gas exploration

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.

05 Feb 2026-17:00
Energy politics and strategic resources

08 Dec 2025-17:40