TotalEnergies and Türkiye Petrolleri Anonim Ortaklığı (TPAO) signed an MoU to collaborate on exploration, enabling joint technical assessments of opportunities in Türkiye’s Black Sea region.
Saudi mining giant Maaden has entered into an agreement with Australian group Midana Exploration (Hancock) to set up a new joint venture for conducting mineral exploration, development and mining in licensed areas across the kingdom.
Dragon Oil, a subsidiary of ENOC, signed an MoU with Malaysia’s Petronas Carigali International Ventures to enhance cooperation in oil and gas exploration and production, promoting the exchange of technical expertise within the upstream sector.
QatarEnergy has completed a farm-in transaction with Eni, acquiring a 40 per cent participating interest in the North Rafah exploration block offshore the Arab Republic of Egypt.
Saudi Arabia's mining exploration spending increased fivefold in four years, reaching SAR1.05 billion ($280.5 million) in 2024, up from SAR501 million ($133.5 million) in 2023, and up from SAR205 million ($55 million) in 2020, the Ministry of Industry and Mineral Resources (MIM) has announced.
