Key Takeaways Shell signs a $120M deal with EGAS to drill three Mediterranean wells, boosting exploration.Egypt secures $340M in agreements with global firms to strengthen oil and gas output.Declining domestic production drives Egypt to expand partnerships and secure an energy supply.Shell plc (SHEL) , along with some other companies, has entered into agreements with Egypt in order to strengthen the nation’s energy sector through international partnerships. Egypt entered into deals with various companies, v ...

Libya’s eastern parliament is poised to let Turkey explore for energy in its waters https://t.co/yFHn3HW3yh ...

Antony, just talk us through why, after so long in the cold, these big names are being enticed back to Libyan oil. Yeah. Good morning, Lizzie.Well, I guess the first reason is that that Libya's finally asked them because there's been so much tumult geopolitically, socially, with war there. The split between the the oil industry as well, between two different basically ministries and national oil companies. So all these things over the over the intervening decade, decade plus have really created lots of tumu ...

Group 1 - ConocoPhillips' subsidiary, ConocoPhillips Australia, has completed seabed surveys in the Otway Basin, preparing for an exploration program [1][2] - The drilling campaign is set to begin in Q3 2025 using the Transocean Equinox semi-submersible rig, with data collected to inform safety and environmental planning [2] - The Korea National Oil Corporation has joined the Otway gas hunt alongside ConocoPhillips Australia and 3D Energi, with active permits located near existing gas-producing fields [3] Group 2 - ConocoPhillips Australia currently holds an 80% stake in the project, which will be reduced to 51% under a pending farm-down agreement, with KNOC acquiring a 29% share [4] - The exploration drilling aims to identify natural gas reserves to support Australia's domestic energy market, emphasizing the importance of natural gas for electricity generation and heating [5] - The company has a long history of natural gas development in the region, which is crucial for meeting Australia's future energy needs, and has implemented strong environmental mitigation measures [6] Group 3 - ConocoPhillips is reshaping its global portfolio while advancing its Australian drilling plans, having exited stakes in certain Shell-operated assets in the Gulf of America [7] - With the completion of seabed surveys and new partners involved, ConocoPhillips is positioned to commence a critical exploration phase in the Otway Basin, reinforcing its commitment to Australia's gas security [8]