Oil Reserves48.4 billion barrels
Gas Reserves1.4 tcm
Libya is targeting an increase in oil production of 50% to 2 million bopd within five years and is planning a bid round.
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Libya’s National Oil Corporation has declared force majeure at its Sharara oilfield project due to protests, Reuters reported…
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Abdulmuin Alyousef, CEO of Completion Energy, talks to The Energy Year about the company’s strategy to export technologies…
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Atif Arikat, managing director of Al Ghaith Energy, talks to The Energy Year about how energy market dynamics are evolving in the UAE, the company’s strategy for…
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Bassam Bamagous, chairman of the board of Advanced Precision Industrial Services (APS), talks to The Energy Year about the company’s transition from a machining shop…
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Saipem has signed a EPCIC contract with Eni worth around USD 1 billion to revamp platforms and facilities on the offshore Bouri gasfield in Libya, the Italian…
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Eni has revoked force majeure status on onshore and offshore exploration blocks in Libya after nine years, the Italian energy giant announced on Thursday.
The…
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Speculation about a possible plan to partition oil-rich Libya appeared in international media on Monday, a day after the country’s largest oilfield went offline again…
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Saudi Aramco is looking to international oil majors to help tap Saudi Arabia’s gas resources, people familiar with talks to that end said on Tuesday.
Aramco has…
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TOGY talks to Paul Horsnell, head of commodities research at Standard Chartered Bank, about OPEC, oil prices and the USA’s energy policy. The bank provides advisory,…
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Clashes between rival groups in Libya is beginning to affect oil production, with sources on Tuesday reporting on a 20% drop in output.
Speaking on the condition of…
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Ongoing clashes between rival factions in Libya, now in their second week, have begun to impact upon oil production, media reported on Monday.
Sources familiar with…
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Clashes between rivalling groups in Libya halted crude exports from two oil terminal over the weekend, threatening to undo many of the gains made in the oil-rich North…
READ MOREAn OPEC report released Monday predicts robust growth in oil demand over 2017.
“World oil demand in 2016 continued its healthy performance for the second year,…
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OPEC members’ oil production went down 1 million bopd to 32.1 million bopd in January, with a remarkable 90% compliance rate. According to a deal reached in November…
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TOGY talks to Samuel Dossou-Aworet, chairman and founder of Petrolin, about the company’s Backbone project, attracting financing and investors, and the foundation of…
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TOGY talks to Christopher Gunson, partner at Amereller, about the oil and gas industry in the UAE and the surrounding region, other countries with potential, and the…
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