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 prices fell on Thursday in Asia after a weekly US Energy Information Administration (EIA) report showed US crude stockpiles rose much more than expected.
The US…
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Crude prices rose as much as 1% on Tuesday after Saudi Energy Minister Khalid Al-Falih told Russian state news agency RIA that Riyadh won’t rush to fill a supply…
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The guessing game begins. With exactly two weeks to the expiration of the US sanction waivers on Iran, oil bulls are holding tight to see which way President Donald…
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Oil prices fell on Monday in Asia but still surged by more than 30% year-to-date. The Libya conflict is back under the spotlight today.
US Crude Oil WTI Futures fell…
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Oil prices gained on Tuesday in Asia and traded near a 5-month high, supported by concerns on Libya supply disruptions.
US Crude Oil WTI Futures was up 0.2% to…
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Oil prices gained on Monday in Asia as the escalating conflict in OPEC producer Libya raised supply concerns.
US Crude Oil WTI Futures rose 0.5% to $63.43 by 11:15…
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Oil futures pulled back on Monday, after US President Donald Trump took to Twitter to slam OPEC about pushing prices higher.
“Oil prices getting too high. OPEC,…
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Libya has outlined measures to resume output at its biggest oilfield, halted due to violence, the National Oil Corporation (NOC) announced on Monday.
The Sharara…
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Oil prices were slightly up on Monday, as falling supplies in Iran and upcoming trade tariffs put pressure on markets.
West Texas Crude oil futures rose 0.61% to…
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Sweet crude prices in the Mediterranean rose on Tuesday after a Monday attack on the Libyan National Oil Corporation, international media reported.
At least two…
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