-
The Slow and Steady Revival of Libya's Oil and Gas Sector
02 Feb 2026 02:52 GMT
… was offering 22 exploration blocks, with 11 offshore and 11 … onshore. As home to Africa’s biggest oil reserves … Eni commenced their first deepwater exploration well, Matsola-1, in … drilling, Eni’s COO, Guido Brusco, said he thought the license …
-
Exxon CEO says Venezuela needs to transition to democracy for oil investment to make sense
02 Feb 2026 02:54 GMT
… South American nation’s dilapidated oil industry to make sense.
… President Donald Trump is pressuring oil companies to invest at least … to have the largest crude oil reserves in the world but … S. oil major operating in Venezuela under a special license issued …
-
Carlyle explores UAE partnerships for acquisition of Lukoil's global assets, including Litasco
01 Feb 2026 12:22 GMT
… includes significant assets in the exploration and production sector, such as … in the West Qurna 2 oil field in Iraq, and activities … intends to retain under existing licenses. Carlyle's entry into …
-
Oil deal trading houses previously prosecuted in bribery
01 Feb 2026 08:33 GMT
… 2020 and 2024.
The licenses were granted as part … of barrels of oil in Venezuelan reserves that had been … oil company officials to route funds through shell companies and offshore … Post. The license permits trading other natural resources in Venezuela, …
-
Libya grapples with disastrous finances in spite of oil boom
01 Feb 2026 06:27 GMT
… Qaddafi.
Most of the major oilfields, including Sharara and El Feel … holds Africa’s largest proven oil reserves, estimated at 48 billion barrels … award licences for oil companies in February for exploration and development of oil and …
-
United Oil & Gas begins exploration offshore Jamaica
31 Jan 2026 06:57 GMT
United Oil & Gas Plc has begun offshore exploration activity in Jamaican waters … Licence.
The enlisted company says stage one of its surface giochemical exploration … presence of a working offshore petroleum system.
Offshore survey work is expected …
-
Venezuela opens its oil to foreign capital following an agreement with the U.S. and the end of international isolation
01 Feb 2026 03:47 GMT
… Chavismo's control over Petróleos de Venezuela SA (PDVSA) … 39;s ownership of its resources, we will make the … its part, issued general license 46, which authorizes transactions with … , or transportation of Venezuelan oil.”
The authorization includes the …
-
US oil companies going to Venezuela - Trump
01 Feb 2026 02:27 GMT
… the issuing of a general license by the Department of the … or transportation of Venezuelan origin oil, including the refining of such … world's largest proven oil reserves at about 303 billion barrels … "unlimited control over natural resources."
-
Texas Railroad Commission candidate says addressing orphaned, abandoned oil wells is priority
31 Jan 2026 11:51 GMT
… I’ve been fighting major oil companies, the Railroad Commission … nearly 100 decades-old oil wells drilled by Chevron and … its predecessors have been leaking saltwater, crude oil … early 2025 to grant permits for oilfield waste to be …
-
Venezuela opens up oil sector to US firms
31 Jan 2026 11:27 GMT
… on the world’s largest oil reserves at over 300 billion barrels … ending mandatory state control over exploration and reducing the tax burden … on Thursday by issuing General License 46, a move that marks …