Oil Exploration News

Latest Articles

• Nigerian Energy Firm Aiteo Secures Block M1 Exploration Rights in Libya’s Murzuq Basin

  Published: Apr 23, 2026

  Section: Africa

  Libya’s National Oil Corporation Chairman Masoud Suleiman met with representatives from the Nigerian company Aiteo to finalize exploration plans for Block M1 in the Murzuq Basin. T...

• Petrobras Secures 75% Operating Stake in São Tomé Block 3 from Arthur Eze’s Oranto

  Published: Apr 19, 2026

  Section: Africa

  Brazil’s state-owned oil giant Petrobras has reached an agreement to acquire a majority 75% stake in Block 3 offshore São Tomé and Príncipe from Oranto Petroleum. The transaction,...

• Nigerian Regulators Slash Approval Wait Times From Weeks To Hours To Revive Idle Oil Wells Amid $100 Prices

  Published: Mar 26, 2026

  Section: Africa

  The Nigerian Upstream Petroleum Regulatory Commission has implemented a fast-track permit system to restart dormant oil wells, reducing processing times to mere hours. This aggress...