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 traded lower on Tuesday, heading for a sharp monthly decline, as concerns over escalating supply returned to the forefront.
New York-traded West Texas…
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Oil prices traded higher early in Europe on Friday, as comments that Saudi Arabia would reduce exports in August tempered fears of oversupply.
New York-traded West…
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Oil prices rebound on Thursday, with Brent crude gaining more than USD 1 after its biggest one-day drop in two years in the previous session.
Crude Oil WTI…
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Libya has lifted force majeure on oil exports from the Ras Lanuf, Es Sider, Hariga and Zuetina ports after they were handed back to the authority of the National Oil…
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Crude oil prices rose on Tuesday amid supply shortages, as Iran vowed to sell as much oil as it could.
West Texas Crude oil futures rose 0.84% to $74.47 a barrel as…
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Eni and Libya’s National Oil Corporation (NOC) have started up the Bahr Essalam Phase 2 gas project offshore Libya, the super-major announced on Thursday.
The two…
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Oil prices rose on Tuesday amid uncertainty around oil exports by Libya, a member of the Organization of the Petroleum Exporting Countries (OPEC).
Crude Oil WTI…
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Oil prices rose by about 2% on Friday following news that OPEC delegates had agreed a modest production increase starting next month.
Arch-enemies Saudi Arabia and…
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Fighting that broke out last week in Libya has slashed oil output by about 400,000 bopd in recent days, international media reported on Tuesday.
“The criminals did…
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Two of Libya’s largest oil ports were evacuated on Thursday as fighting raged nearby, the country’s National Oil Corporation reported.
Rival armed militias…
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