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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Oil was down on Monday morning in Asia, with rapid falls of over 4% as markets opened. European Covid-19 lockdowns took center stage over the weekend, and concerns over…
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Oil was mixed on Thursday morning in Asia after a big 5% slide overnight that pulled both Brent and WTI futures below the $40 benchmark. Prices received a boost from…
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Oğuz Kirkgӧz, executive vice-president of ENKA, talks to The Energy Year about how the company’s projects in Iraq have been affected by the Covid-19 pandemic and…
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Oil prices slid on Monday in Asia amid signs that the global coronavirus outbreak has worsened.
US Crude Oil WTI Futures fell 2.4% to $52.11 by 12:13 AM ET (04:13…
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Oil prices gained on Thursday in Asia even after the American Petroleum Institute (API) reported a bigger-than-expected build in crude inventories.
US Crude Oil WTI…
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Oil prices dropped on Wednesday in Asia as the International Energy Agency forecasted that there will be market surplus.
US Crude Oil WTI Futures fell 0.5% to…
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Oil prices retreated on Tuesday in Asia after trading higher over the weekend as production were hit in Iraq and Libya.
US Crude Oil WTI Futures lost 0.3% to…
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Amgad Al Ahmady, chairman and CEO of Egyptian Projects Operation & Maintenance (EPROM), talks to TOGY about how the company’s services improve plant performance and…
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Waleed Lotfy, chairman and managing director of Petrojet, talks to TOGY about new momentum in the Egyptian oil and gas industry and the strategy involved in the…
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Volatile oil prices gained slightly on news of Russian oil contamination joined supply factors from Iran and North Korea while fears of an all-out Sino-US trade war…
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