Key Takeaways SHEL and BP ink deals with Libya's NOC to assess hydrocarbon potential across key oilfields. BP plans to reopen its Tripoli office and target shale oil via advanced extraction techniques. Libya seeks to raise oil output to 2M bpd despite political unrest and operational volatility.Shell plc (SHEL) and BP p.l.c. (BP) have signed agreements with Libya's National Oil Corporation (“NOC”) to assess hydrocarbon potential across three major oilfields. This move marks a significant revival of foreig ...

Key Takeaways XOM and SOCAR signed an MoU to explore and develop onshore oil and gas in Azerbaijan. The deal targets unconventional reserves, diversifying from reliance on offshore fields in Azerbaijan. XOM brings shale expertise as SOCAR seeks stable output and broader global energy partnerships.Exxon Mobil Corporation (XOM) has reinforced its longstanding energy partnership with Azerbaijan by signing a fresh memorandum of understanding (MoU) with the country’s state energy company, SOCAR. The agreement, ...