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Turkey to explore for oil off Somalia

Turkish President Tayyip Erdogan said Somalia invited his country to explore for oil in its seas, after Ankara signed a maritime agreement with Libya...

Sudan grants China more oil exploration rights

Sudan has granted its main ally and oil buyer China more oil exploration rights as both countries seek to boost ties, Sudan's...

Oil exploration costs rocket as risks rise: analysis

Finding oil and gas to replace the world's fast dwindling reserves is increasingly risky as rigs probe areas once seen as too...