On November 4, 2025, Egypt's Minister of Petroleum and Mineral Resources, Karim Badawi, announced a new international bid round for oil and gas exploration in four blocks within the Red Sea. The announcement was made at the ADIPEC 2025 conference.

Africa’s oil and gas industry is on the verge of a major surge in mergers and acquisitions (M&A) set for 2026. This trend is driven by international companies realigning their portfolios and new licensing rounds opening up fresh exploration opportunities. Here are the key takeaways from the "State of African Energy 2026 Outlook": Consolidation is Key:  The African oil and gas sector is expected to see "significant consolidation" in 2026, particularly among midsize and indepen

Historic Launch: In March 2025, Libya’s National Oil Corporation (NOC) announced its first oil and gas exploration bidding round in over 17 years, signaling a major revival of the country’s energy sector. Global Invitation: Libya is inviting international partners and investors to explore 22 blocks (11 onshore, 11 offshore) across its most promising hydrocarbon basins. Modernized Framework: The initiative features a new Production Sharing Agreement (PSA) model, replacing the