ExxonMobil Nears Deal for Libya Offshore Gas Exploration

ExxonMobil is close to signing an agreement for offshore gas exploration in Libya, the U.S. Embassy in Tripoli said, signaling the U.S. energy giant’s potential return after a decade-long absence. The firm downsized its Libya operations in 2013, citing security risks following Muammar Gaddafi's 2011 ouster. Details remain scarce, but a finalized deal would mark Exxon’s re-entry into the North African oil and gas sector.