First Independent Mena Newspaper
Libya’s National Oil Corporation (NOC) has resumed offshore oil exploration in north-western parts of the country after more than five years of inactivity, partnering with Italian energy company Eni. The decision to resume exploration activities follows the completion of technical and environmental assessments, paving the way for seismic surveys and geological studies in preparation for […]
ExxonMobil announced earlier this week it has secured more than 1.7 million acres for exploration offshore Egypt. “These awards strengthen our exploration portfolio in the Eastern Mediterranean,” said Mike Cousins, senior vice president of exploration and new ventures at ExxonMobil. “We look forward to working with the government and deploying our proven expertise and advanced […]