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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Fighting in Libya over the weekend saw clashes between the Petroleum Facilities Guards (PFG) and the Libyan National Army for control of the Es Sider and Ras Lanuf oil…
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At least two key oil ports were seized by a faction loyal to East Libyan commander Khalifa Haftar from forces loyal to Libya’s UN-backed government on Sunday.
The…
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Libya’s National Oil Corporation (NOC) has begun work on ramping up crude exports after the government on Sunday reached a deal with the Petroleum Facilities Guards…
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The global glut shows little signs of easing, the International Energy Agency (IEA) signalled in its report on Wednesday, pointing to the increase in floating storage…
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The prospect of increased crude supplies from Libya and the partial recovery of oil production in Nigeria put pressure on crude futures on Tuesday, with September Brent…
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Rivalling officials at the National Oil Companies in Libya have decided to close ranks, a statement released over the weekend said. The decision builds on the agreement…
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Ayham Ammora, the country chairman and area business manager for North Africa and the Levant at Chevron Egypt Lubricants, talks to TOGY about the advantages and…
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Clashes over the weekend near key Libyan oil facilities left at least three people dead and 10 wounded, casting doubts over the safety and security of oil…
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Crude futures hit a three-week low on Wednesday, continuing a downward trend for the fifth day in a row. Analysts pointed to fears over the UK leaving the EU and…
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Following OPEC’s monthly report forecasting a continued easing of pressure on the global oil market on Monday, the International Energy Agency (IEA) report released…
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