Exxon has explored in Liberia in the past. It acquired the rights to Block 13 in 2013 and drilled the Mesurado-1 well in 2016.
Liberia has dropped its deadline for direct negotiations on acreage offshore, opting to allow these to continue indefinitely.
The US has imposed sanctions on three high ranking Liberian officials, including the managing director of the National Ports Authority (NPA).
Frontier Energy has gone online with its highly regarded Africa E&P Summit, due to take place on September 16 and 17.
The Liberia Petroleum Regulatory Authority (LPRA) has pre-qualified seven Liberian companies for its offshore licence round.
The Iranian navy has boarded and briefly seized a Liberian-flagged oil tanker near the strategic Strait of Hormuz amid heightened tensions between Tehran and the US, an American military official said.
Gemcorp has completed preliminary work preparing a site in Angola for the construction of the Cabinda oil refinery.
Conex Oil and Gas Holdings has signed an agreement to buy Total’s fuel marketing businesses in Liberia and Sierra Leone.
The Liberian government is seeking interest from local companies on participating in the offshore licence round, which is due to open on April 10, while moving the launch event online in order to restrict coronavirus transmission.
Liberia has set out plans for a licensing round in 2020, via the Liberia Petroleum Regulatory Authority (LPRA).
Liberian President George Weah ordered a probe into Exxon Mobil Corp.’s 2013 deal for drilling rights off the coast of the West African nation, according to his office.
ExxonMobil said it will begin drilling its first exploratory well off the coast of Liberia next month.
Cash-strapped National Oil Company of Liberia (NOCAL) will slash its work force by over two-thirds and its board of directors will be replaced as it grapples with a fall in the price of oil, the country's president said on Tuesday. The West African country does not produce any oil or natural gas but has placed its hopes in potential reserves offshore in deep and ultra-deep waters, following the example of Gulf of Guinea neighbours Ghana and Nigeria, Africa's biggest producer. But Liberia has been hit hard by a rapid decline in world oil prices that has led many companies to reassess their exploration strategies.