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rigzone.comAlgeria launched a bidding round for seven onshore oil and gas blocks containing an estimated 2.1 billion barrels of oil and 66.5 billion cubic meters of gas. Bids are due in November. The blocks are located in basins near Libya and Tunisia.
Norway has raised fossil fuel production to replace supplies lost after the Strait of Hormuz closed. The government plans to reopen three North Sea gas fields and keep output high past 2030.