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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TOGY talks to Mahaman Laouan Gaya, the executive secretary of the African Petroleum Producers’ Association (APPA), about the role of oil and gas in Africa’s…
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The ramp-up of Libyan oil production continues, with output recorded at 622,000 bopd on Monday, according to the country’s National Oil Corporation.
The NOC…
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Libya’s state-run National Oil Corporation (NOC) on Tuesday said that two major western pipeline systems had been reopened, clearing the way for additional…
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TOGY talks to Shamel Elnomany, Vice President of CATEC, about the company’s boiler service in the Egyptian oil and gas industry, the other markets in which the…
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OPEC member states have reached an agreement on lowering oil production in an effort to stabilise markets.
In a deal that sees member states end speculation and…
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OPEC’s oil production jumped in October, the organisation reported on Friday, projecting a higher-than-expected surplus next year and sending jitters through oil…
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OPEC’s second-largest producer, Iraq, said on Sunday it should be exempt from oil production cuts on the grounds that its production has already been decimated by…
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With a key oilfield in conflict-ridden eastern Libya coming on line on Tuesday, the country’s total oil production reached 580,000 barrels per day, up from 551,000 on…
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TOGY talks to Thore Lohmann, CEO of ThyssenKrupp Industrial Solutions, about the demand factors driving Egypt’s projects market and the country’s potential as an energy…
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Oil prices fell back Tuesday after a brief surge on Monday over fears that a production cut deal might face hurdles in implementation.
Both Saudi Arabian and Russian…
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