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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Crude oil production by OPEC countries rose in May, the Organization of the Petroleum Exporting Countries and Russia stated in its monthly report.
Total production…
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France’s Total has acquired Marathon Oil Libya and its 16.33% stake in the Waha Concessions in the North African country for USD 450 million, the super-major…
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Libya has restarted production at the Sara oilfields, operated by Wintershall, after an “unauthorised shutdown” in November 2017, the country’s National Oil…
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Crude prices turned higher in morning trade on Tuesday on reports of an attack on a Libyan oil pipeline.
The U.S. West Texas Intermediate crude February contract…
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“Soft” output targets reportedly imposed on Nigeria and Libya as part of the OPEC deal to extend global production cuts through the end of 2018 could hurt…
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Oliver Westmacott, president and COO of GardaWorld International Protective Services, talks to TOGY about new opportunities and market dynamics in security services in…
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Crude prices gained in Asia on Friday with trade data from China supporting rising demand views as the market looks ahead to U.S rig count data.
On the New York…
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Crude oil prices rallied to their best levels in months on Monday, as optimism that the market was well on its way towards rebalancing added to bullish…
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Oil prices turned lower on Thursday, reversing the previous session’s sharp gains, as flooding caused by Tropical Storm Harvey continued to paralyze U.S. refineries of…
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Three Libyan oilfields have gone offline and output has declined by 360,000 bopd after militia violence, the country’s NOC announced on Wednesday.
The Rayayina…
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