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There is strong international interest in Libya's exploration potential. (Image source: Adobe Stock)

Exploration & Production

Libya’s NOC has announced the winners of the latest oil exploration bidding round, launched in February 2025, which offered 20 blocks for investment, both onshore and offshore

They include the USA’s Chevron; a consortium of Eni and QatarEnergy; a consortium of Repsol and state-owned Türkiye Petrolleri A. O. (TPAO), a consortium of Hungary’s MOL, Repsol and TPAO; and Nigeria’s Aiteo.

The licensing round was Libya’s first for eighteen years and attracted more than 40 bids, signalling growing international interest in Libya’s largely untapped hydrocarbon potential. Only five blocks out of the 20 offered were awarded.

Chairman of NOC Engineer Masoud Suleiman highlighted that the success of this round, conducted with the highest standards of quality and transparency, marks a significant turning point in the development of the Libyan oil sector. He noted that it will double Libya’s crude oil production, leading to an economic revival that aims to steer the country toward stability and prosperity, while also safeguarding Libya’s crude oil reserves for future generations.

He stressed that the success of this round also signified the restoration of the world’s confidence in Libya, which will in turn have a positive impact on the Libyan economy.

Chevron, through its subsidiary Chevron Business Development EMEA Ltd won Contract Area 106 located in the Sirte Basin, marking its entry into Libya. In January, Chevron separately signed an MoU with NOC in Tripoli to evaluate the development and exploration potential onshore Libya.

"Chevron is excited to enter Libya with the award of onshore Contract Area 106, which underscores our focus on North Africa and the Eastern Mediterranean region, and is a good fit in our exploration strategy to grow our portfolio with high-quality acreage and high impact prospects," said Kevin McLachlan, vice president of Exploration at Chevron.

"Libya has significant proven oil reserves and a long history of producing its resources. Chevron is confident that its proven track record in developing oil and gas projects and its technical expertise gives it the ability to support Libya to further develop its resources."

A consortium led by Eni (60%) in partnership with QatarEnergy (40%) has been awarded the offshore exploration License O1, which covers approximately 29.000 sq km in the offshore extension of the prolific Sirte Basin. It offers notable exploration potential, including wide areas without 3D seismic coverage that could host additional hydrocarbon accumulations. The block also features various hydrocarbon indications, including stranded oil and gas discoveries.

Under the terms of the agreement, Eni will operate the concession, with the consortium holding a 100% stake during the exploration and development phases. The partners plan to conduct 2D/3D seismic acquisition and drilling activities over the first five-year exploration period.

Eni sees the award as “a significant step forward in strengthening Eni’s upstream position in the country”. Eni has been active in Libya since 1959, with equity hydrocarbon production of approximately 162,000 barrels of oil equivalent per day in 2025.

For QatarEnergy, the licence marks its entry into Libya’s upstream sector.

His Excellency Saad Sherida Al-Kaabi, the Minister of State for Energy Affairs, the president and CEO of QatarEnergy, said, “We are pleased to be awarded this exploration block and enthusiastic about the prospects of Libya’s offshore upstream sector and about expanding our upstream footprint in North Africa.”

A consortium of Repsol (operator with 40% share), state-owned Türkiye Petrolleri A. O. (TPAO) with a 40% share and Hungary’s MOL Group (20%) won the 07 offshore block which covers more than 10,300 sq.km in water depths exceeding 1,500m, located approximately 140 km northwest of Benghazi. Its deepwater setting aligns with the consortium’s extensive offshore experience, according to a statement from MOL.

The deal sees the entry of MOL into Libya, and follows the signing of a strategic partnership between MOL and Libya’s NOC. That agreement outlines plans for joint work across several key areas, including hydrocarbon exploration and production, technological and field development innovations, as well as crude supply, trading, and oilfield services opportunities in Libya.

Nigeria’s Aiteo won the M1 block in the Murzuq Basin, while Repsol and TPAO also won the onshore C3 block in the northeastern Sirte Basin.

Libya’s oil production currently stands at around 1.3mn bpd. NOC aims to produce 1.6mn bpd by the end of 2026, rising to 2mn bpd in the medium term, and sees the participation of international companies as crucial to achieving its growth plans.

GCC countries are realigning domestic energy systems. (Image source: Adobe Stock)

Energy Transition

The Middle East and North Africa (MENA) is set to become the world’s largest hydrogen exporter by 2060, while maintaining a dominant position in global oil and gas markets, according to DNV’s Oil & Gas Decarbonization in the Gulf Region report

The report highlights how Gulf Cooperation Council (GCC) countries are cutting the emissions intensity of their core oil and gas production while continuing to play a central role in global energy supply, presenting a picture of a region approaching the energy transition from a position of confidence and capital strength. Reductions in emissions intensity are occurring alongside continued hydrocarbon production and investment across renewables, electrification, hydrogen, methane abatement, digitalization, and carbon capture.

Since 2005, the GCC has produced nearly 18% of global oil and gas, a share expected to increase as investment continues in low-cost, advantaged resources. As global energy demand increasingly shifts toward Asia, the region’s location and cost competitiveness strengthen its position as a preferred supplier. At the same time, decarbonization measures are becoming an integral part of long-term competitiveness.

“The global energy transition will not progress at the same pace across regions, nor will it follow a single pathway,” said Brice Le Gallo, vice-president & regional director for Southern Europe, MEA & LATAM, Energy Systems at DNV. “In the Middle East, oil and gas remain central to economic stability and global energy security. The key challenge is to reduce their emissions footprint while accelerating investment in the technologies needed for a lower-carbon energy system.”

Electrification is being used to cut Scope 2 emissions from pumps, compressors, and offshore facilities, through grid connections, renewable power, and hybrid solutions. These efforts are supported by energy-efficiency measures and the use of digital tools and artificial intelligence to optimise drilling, reservoir management, and asset operations, reducing energy intensity and emissions per barrel produced.

Methane reduction remains one of the most immediate and cost-effective options for lowering emissions. Across the GCC, routine flaring is planned to be phased out by 2030 and leak detection and repair (LDAR) programmes are increasingly standard. National oil companies are also aligning with international methane initiatives, enabling continued production growth while reducing methane intensity in line with national net-zero targets.

GCC countries are realigning domestic energy systems to reduce oil and gas use domestically and free up volumes for export and low-carbon fuel production. Growth in renewables, electrification of transport and buildings, and efficiency gains are driving this shift. Investment in downstream industries, petrochemicals, and low-carbon fuels is also changing export profiles, moving beyond crude oil toward higher-value and lower-carbon energy products.

With access to low-cost natural gas, strong solar resources, and established industrial and export infrastructure, the region is well placed to scale both low-carbon hydrogen (produced from natural gas with carbon capture) and renewable hydrogen produced through electrolysis. By 2060, the Middle-East and North Africa region is projected to produce around 19 million tonnes of hydrogen and 13 million tonnes of ammonia per year, exporting about 50%, mainly toward Europe and advanced Asian economies.

“Hydrogen, ammonia, and carbon capture are becoming core elements of the GCC’s energy export model,” said Jan Zschommler, market area manager for the Middle East, Energy Systems at DNV. “As emissions requirements tighten, access to international markets will increasingly depend on carbon intensity. Integrating hydrogen production with renewable power, carbon capture, and existing industrial clusters allows the region to remain competitive while meeting these requirements.”

Carbon capture, utilization and storage (CCUS) is also set to grow. In January 2026, the UAE's Supreme Council for Financial and Economic Affairs has introduced Carbon Capture Policy as a further commitment to meeting their carbon reduction targets. Captured CO₂ volumes (including CO₂ removal) are expected to reach around 250 million tonnes per year by 2060, equivalent to roughly 8% of regional energy-related and industrial emissions.

Bioenergy with carbon capture (BECCS) and direct air capture (DAC) combined are expected to remove around 81 million tonnes of CO₂ per year by 2060, helping to offset emissions from sectors that are more difficult to decarbonise.

The full report is available at https://www.dnv.com/energy-transition-outlook/oil-and-gas-decarbonization-in-the-gulf-region/

The oil and gas sector is facing mounting pressure on its talent pipeline. (Image source: Adobe Stock)

Industry

The Middle East shares the top spot with Europe as a preferred destination for energy professionals to relocate to, according to the 2026 Global Energy Talent Index (GETI) report, produced by Airswift and supported by Energy Jobline

While the report indicates a decline in global mobility, the Middle East and Europe are seen as the most attractive destinations with 25% each, while Asia has remained steady at 16%.

Jayden Wallis, president ASPAC & Airswift Resourcing at Airswift commented, “The Middle East is investing trillions of dollars to diversify their economies and are lowering barriers to entry so that organisations can secure the talent they need to deliver an ambitious pipeline of projects.”

The 2026 GETI findings show that the oil and gas sector is facing mounting pressure on its talent pipeline, as an ageing workforce, slowing salary growth and a declining willingness to relocate makes it difficult for hiring managers to retain existing talent and attract professionals.

Key findings

Key insights include:
• Nearly half of the workforce (48%) is now aged over 45, while just 19% is aged 25–34, highlighting the challenge of attracting younger talent.
• Salary optimism remains high with 67% of professionals expecting a pay rise next year, but this is down from 71% in 2025, signalling a slowdown in growth.
• Global mobility continues to decline, with only 75% of professionals willing to relocate for work, down from 80% last year and 89% in 2022.
• AI adoption is accelerating, with 45% of traditional energy professionals now using AI in their roles. This is a 187% increase since 2024, yet 30% still do not use AI to support career development.

Despite concerns about automation, hiring managers say engineering and technical roles remain the hardest to fill, with nearly half investing in learning and development and 45% using AI and automation to close skills gaps.

Over the last three years, AI has had a significant impact on the energy industry. While AI adoption remains slower than other sectors, AI is being used to support career development.
Despite concerns that AI could replace some engineering and technical operations roles, 50% of the hiring managers say that these are the roles they struggle the most to recruit for. To address these hiring challenges, hiring managers are changing recruitment processes and revising role requirements.

“As a highly physical and safety-critical industry, heads in hard hats will always be central to the industry’s success,” the report comments.

However, retaining existing talent and attracting new professionals remain key hiring challenges for 2026 and beyond.

The report shows that 50% of professionals and 60% of hiring managers say that pay has increased in 2025. However, while salary optimism remains strong, growth has slowed compared to previous years.

James Allen, CEO at Airswift said, “The ageing workforce challenge is becoming increasingly urgent to address as traditional energy organisations are struggling to make hires with the right technical expertise and experience. With only a third of hiring managers actively recruiting graduates to build their talent pipeline, there is an opportunity for the sector to do much more to secure the people it needs.”

Wallis said, “Hiring managers are increasingly struggling to recruit experienced professionals, while a smaller percentage of younger talent is entering the workforce. With the cost of boomerang professionals - those returning post-retirement on a contractual basis - rising, companies need to be proactive in addressing the talent gap. Investing in retention and attracting younger generations will be essential for closing the gap and securing the talent needed for the future.”

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Exploration & Production

The strategic partnership agreement sets out the framework for NOC and MOL to exchange information and jointly explore potential areas of cooperation. (Image source: Adobe Stock)

Exploration & Production

Hungary’s MOL Group has signed a memorandum of understanding (MoU) with Libya’s National Oil Corporation (NOC) for cooperation in hydrocarbons exploration, technological innovation and crude trading, as international interest in Libya hots up

The strategic partnership agreement sets out the framework for NOC and MOL to exchange information and jointly explore potential areas of cooperation. These include hydrocarbon exploration and production, technological and field development innovations, oilfield services opportunities in Libya, crude supply and trading activities.

"We recognise Libya’s oil and gas industry as a pillar of strength and expertise. I am sure that this new agreement will act as a catalyst for further expanding our international portfolio, creating clear mutual value for both companies and reinforcing the resilience of our region. From the perspective of security of supply and energy sovereignty, particularly for landlocked countries, diversification of sources is of crucial importance. Our cooperation also goes beyond business, as we have agreed to rebuild our educational, scientific, and university ties in order to learn as much as possible from each other. Such partnerships can also help Europe to find its own path to competitiveness, rather than switching between different forms of energy dependency,” – said Zsolt Hernádi, chairman and CEO of the MOL Group.

The agreement comes as MOL is looking to expand its international portfolio to maintain its strategy target of at least 90,000 barrels of oil equivalent/day production level over the next five years, recently signing cooperation agreements with the national oil company of Kazakhstan (KazMunayGas), the national oil company of Azerbaijan (SOCAR), and the national oil company of Türkiye (Turkish Petroleum). The company has oil and gas exploration and production assets in nine countries, with production in eight countries: in Croatia, Azerbaijan, Iraq, Kazakhstan, Russia, Pakistan, Egypt, and Hungary.

The agreement also reflects the hotting up of international interest in Libya. Chevron recently signed an MoU with NOC to evaluate exploration and development opportunities, while TotalEnergies has signed an agreement extending the Libya Waha Concessions up to 2050, paving the way for further investments. TGS has a global provider of energy data and intelligence, has just signed a Letter of Intent (LOI) with North Africa Geophysical Company, (NAGECO),a subsidiary of the NOC to advance high-quality subsurface data, supporting Libya’s upstream development through modern, fit-for-purpose data and technology solutions. Libya’s latest upstream licensing round launched in March 2025, the first in 18 years, has attracted more than 40 bids, signalling growing international interest in Libya’s largely untapped hydrocarbon potential.

The agreement relates to exploration in Oman's offshore Block 18. (Image source: Adobe Stock)

There is strong international interest in Libya's exploration potential. (Image source: Adobe Stock)

Industry

This certification is a pivotal step for ADNOC. (Image source: DNV)

Industry

Energy services provider, DNV, has awarded ADNOC a CO₂ Storage Certificate at the Site Endorsement stage for its West Aquifer CO₂ storage development

The certification, conducted in accordance with ISO 27914:2017 Carbon dioxide capture, transportation and geological storage — Geological storage, has recognised that ADNOC reflects the necessary subsurface characterisation, reservoir understanding, containment assessment, and risk management framework required to progress the project to its next phase.

DNV’s verification process took into consideration ADNOC’s geological modelling, monitoring plans, conformance demonstration approach, and long-term storage strategy for the West Aquifer. Endorsement at this stage comes as a big win for ADNOC, building confidence in the site’s suitability for safe and permanent CO₂ storage.

“This certification is a pivotal step for ADNOC and an important moment for CCS deployment across the region. The West Aquifer site has the potential to become one of the anchors for large scale CCS deployment in the Middle East, helping industries to decarbonize in a safe, credible, and internationally recognized way. By meeting the stringent requirements of ISO 27914 at the site endorsement stage, ADNOC is demonstrating leadership, transparency, and a commitment to building the confidence needed for accelerated CCS investment across the region,” said Brice Le Gallo, vice-president and regional director for Southern Europe, MEA & LATAM, Energy Systems at DNV. 

The new collaboration addresses the issue of caisson integrity. (Image source: Adobe Stock)

ADNOC Drilling recorded the strongest performance in its history. (Image source: ADNOC Drilling)

Petrochemicals

The new collaboration aims to scale up the development of CTC technology. (Image source: KAUST)

Petrochemicals

Aramco, Honeywell and King Abdullah University of Science and Technology (KAUST) are collaborating to scale up the development of Crude-to-Chemicals (CTC) technology in a bid to maximise the value of crude oil and reduce costs associated with CTC conversion 

The new CTC pathway will entail converting crude oil directly into light olefins and other high-demand chemicals, resulting in improved fuel efficiency, carbon utilisation, and process economics—allowing for more efficient and cost-effective production at scale.

The collaboration aligns with Saudi Arabia’s Vision 2030 by helping to advance economic diversification, build national research and technology capabilities, and strengthen the Kingdom’s position in the global chemicals market, combining academia and industry expertise to accelerate technology development and national capabilities.

Dr. Ali A. Al-Meshari, Aramco senior vice president of technology oversight & coordination, said, “This collaboration with Honeywell UOP and KAUST furthers Aramco's efforts to drive innovation and shape the future of petrochemicals. By harnessing the power of cutting-edge technologies, we aim to enhance energy efficiency and unlock increased value from every barrel of crude. This novel Crude-to-Chemicals process is aligned with our vision of supporting the global transition towards cleaner, high-performance chemical production. Moreover, this initiative demonstrates our focus on contributing to the growth of a vibrant ecosystem, where the deployment of innovative technologies can create lasting value for our stakeholders, our communities, and the environment.”

Rajesh Gattupalli, Honeywell UOP president, added, “This agreement marks a defining moment in our strategic collaboration with Aramco and KAUST – and in the global evolution of Crude-to-Chemicals technology. With Honeywell UOP’s deep expertise in catalytic process design and commercial scale-up, we’re well positioned to drive this innovation forward.”

Vitol Bahrain EC has a long-standing presence in Uganda's downstream sector.

The companies will explore capital investments to upgrade and diversify production. (Image source: Adobe Stock)

Technology

The partnership will help Aramco to accelerate industrial AI adoption. (Image source: Adobe Stock)

Technology

Aramco and Microsoft are building on their long-standing collaboration with an agreement that will help Aramco accelerate industrial AI adoption, enhance digital capabilities, and strengthen workforce development in Saudi Arabia as part of its broader digital transformation

Key areas of focus include:


• Digital Sovereignty and Data Residency: Exploring the development of a roadmap for deploying solutions on the Microsoft cloud, enhanced with sovereign controls to further Aramco’s digital sovereignty objectives
• Operational Efficiency & Digital Infrastructure: Discussing streamlining and optimising digital frameworks that support Aramco’s global operations
• Industry Alliance Framework: Scoping possible engagements with Saudi Arabia’s technology integrators and industry collaborators to broaden the adoption of AI across the industrial value chain in the Kingdom
• Industrial AI IP co-innovation: Exploring the establishment of a global marketplace for innovative industrial AI solutions by co-developing and commercialising operational systems for the energy sector that set new standards of excellence and promote Saudi expertise internationally within the industry.

Aramco and Microsoft are also exploring initiatives to help accelerate digital and technical skills development across the Kingdom, including building capabilities in AI engineering, cybersecurity, data governance, and product management. Microsoft is already training thousands of Saudi learners across cloud, AI, and data programmes.

Ahmad O. Al Khowaiter, Aramco executive vice president of Technology & Innovation, said: “Aramco is driving the energy sector’s digital transformation by creating a secure, intelligent, and collaborative digital ecosystem. In partnership with Microsoft, we seek to further scale cutting-edge digital and AI solutions in that sector to achieve efficiency and innovation — without compromising the highest standards of security and governance.”

Brad Smith, vice chair and president of Microsoft, said, “This marks the next step in our long-standing collaboration with Aramco, exploring how industrial AI can move from pilots into core operations to improve efficiency and resilience at scale. Our focus is on building strong foundations – sovereign-ready digital infrastructure, trusted governance, and the skills needed for responsible industrial AI adoption.

"As a global industry leader, Aramco has the opportunity to set a reference for large-scale, responsible industrial AI transformation aligned with Saudi Arabia’s Vision 2030.”

See more on Aramco’s AI innovation here: https://oilreviewmiddleeast.com/magazines/orme_2025_12_22/spread/?page=22
https://oilreviewmiddleeast.com/technical-focus/aramco-highlights-its-ai-leadership-at-world-economic-forum

Seismic imaging example from the Laconia Phase I 12Hz E-TLFWI dataset in the US Gulf. (image courtesy of Viridien Earth Data).

Sean Donegan, CEO, Satelytics. (Image source: Satelytics)

Webinar

The webinar will transform confined space inspections. (Image source: Flyability)

Webinar

Despite advances in digital technology, many oil and gas sites across the Middle East still rely on manual entry for tank and vessel inspections, resulting in days of downtime, high scaffolding costs and risk to human life

What if you could change all that with drone technology?

Inspections drones such as the Elios 3 are revolutionising the world of confined space inspections, improving safety, reducing downtime and enhancing operational efficiency.

Join us for an exclusive live webinar hosted by Flyability in association with Oil Review Middle East on ‘Transforming oil and gas operations with the Elios 3 drone’ on Tuesday 2 September at 2pm GST. Industrial experts will explain how drones such as the Elios 3 are transforming confined space inspections, and how you can integrate this technology into your operations seamlessly.

Key highlights:

Drone integration: learn how to safety and effectively implement drones in confined space
Safety and training: understand essential safety protocols and training strategies for your team
ROI: discover how to measure and achieve a strong return on investment with drone technology
Real world use cases: hear from the engineers using drone tech in the field on the impact Elios 3 is having on in oil and gas inspections.

Speakers and host:

Fabio Fata – senior sales manager, Flyability (moderator)
Eralp Koltuk – inspection lead engineer, Tüpraş
Danijel Jovanovic – director of operations, ZainTECH

Take your operations to the next level! Don’t miss out on gaining valuable insights into how drones can make inspections safer, faster and smarter .

From making inspections in hazardous confined spaces much safer to streamlining the whole process and providing valuable real-time data, you will get to see exactly how the Elios 3 is changing the game.

The event will address the security challenges in the Middle East oil and gas sector, and how Pelco solutions can help.

Oil and gas operations in the Middle East span harsh deserts, sprawling refineries and high-risk offshore environments. (Image source: Adobe Stock)

Energy Transition

Progress has been reported in developing action plans to reduce methane emissions and end routine flaring. (Image source: Adobe Stock)

Energy Transition

Coinciding with COP30, significant progress has been reported in driving forward the aims of the Oil & Gas Decarbonization Charter (OGDC) launched at COP28

The Oil & Gas Decarbonization Charter (OGDC), a global coalition of leading energy companies championed by the CEOs of ADNOC, Aramco, and TotalEnergies and supported by the Oil and Gas Climate Initiative (OGCI), highlights expanded reporting coverage, strengthened action plans for emissions reduction and enhanced collaboration to accelerate industry decarbonisation in its 2025 Status Report: Implementing Action.

The Charter now brings together 55 signatories operating across more than 100 countries, representing around 40% of global oil production. Signatories invested approximately US$32bn in low-carbon solutions including renewables, carbon capture, hydrogen and low-carbon fuels in 2024.

This year, for the first time, the companies shared emissions data based on the OGCI Reporting Framework, laying the foundation for consistent reporting across 55 companies. 50 of the 55 signatories submitted data for this year’s report, covering 98% of OGDC operated production, most of which has received third-party assurance.

Forty-two signatories have now set interim Scope 1 and 2 emissions reductions ambitions for 2030, and 36 have developed corresponding action plans, reflecting tangible progress since the Charter’s 2024 Baseline Report, with six more companies sharing interim ambitions and seven more developing corresponding action plans on methane and flaring.

Extensive collaboration programme

An extensive collaboration programme is underway, with a focus on methane, flaring and reporting. TotalEnergies for example is sharing its AUSEA technology with several national oil companies to strengthen methane detection and measurement. Peer-to-peer exchanges, regional partnerships and technical workshops have strengthened capacities, while engagement with OGCI, the United Nations Environment Programme, the World Bank and many others, are helping scale practical solutions. At the company level, OGDC is helping to embed tailored, industry-specific training programmes.

Dr Sultan Ahmed Al Jaber, managing director, Group CEO of ADNOC, COP28 president and OGDC CEO Champion, said, “Two years ago, at COP28 we came together to create the world’s first truly industry-wide coalition to decarbonise at scale. Together, we are turning the Charter’s words into action by delivering tangible progress, scaling innovation and reporting transparently against our shared commitments.”

Patrick Pouyanné, chairman and CEO of TotalEnergies and OGDC CEO Champion, added, “OGDC is about action and collective delivery. This year we moved from baseline to implementation, with almost all signatories reporting data that covers 98% of operated production and more companies setting 2030 targets backed by plans. This reflects that progress starts with what we measure and a shared reality that this is a journey where we advance faster together. Our focus now is clear. We must cut methane, end routine flaring and report progress consistently. We invite all IOCs and NOCs to join and show measurable results by the next COP.”

Bjørn Otto Sverdrup, head of the OGDC Secretariat, said, “With OGDC, we have established a platform for companies willing to take action and collaborate across North, South, East, West, to share best practices and accelerate decarbonisation – particularly towards reducing methane and zero flaring by 2030.”

“We are encouraged by the progress made, and we look forward to the work ahead.”

At COP30, TotalEnergies announced a US$100mn commitment to Climate Investments Venture Strategy funds, which supports technologies that cut emissions across the oil and gas value chain. Climate Investments (CI) is an OGDC Partner.

GCC countries are realigning domestic energy systems. (Image source: Adobe Stock)

The fossil fueld sector is responsible for approximately one third of total global methane emissions. (Image source: Adobe Stock)

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