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.

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.

The European Court of Human Rights has set a significant climate precedent by ruling that Norway must evaluate global emissions from future oil projects.

Iraqi Prime Minister Mohammed Shia Al Sudani announced on Tuesday that an agreement in principle had been reached between the Ministry of Oil and the U.S. energy company Chevron.

On Friday, Iran’s oil minister issued a directive to resume petroleum exploration in the Caspian Sea, marking the first such initiative in nearly 30 years.

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.

Türkiye and Pakistan signed an agreement Tuesday for jointly bidding for offshore oil and gas exploration across 40 blocks in the South Asian country.