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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Global oil supply will continue to grow faster than demand next year, the IEA said on Wednesday, piling pressure on crude prices amid growing commercial stockpiles in…
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Wintershall and Libya’s National Oil Corporation (NOC) have taken steps to resolve their dispute over a Presidential Council resolution, allowing for a restart of…
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Saudi Arabia, the UAE and Bahrain on Monday morning announced the severing of diplomatic ties with Qatar on accusation of the latter’s alleged support for…
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OPEC is to extend the global production cut agreement reached last year by a further 9 months, the group decided at a meeting in Vienna on Thursday.
The cartel also…
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Libya’s National Oil Corporation (NOC) has accused Wintershall of Germany and the UN-backed government in Tripoli of having over-reached in an attempt to exert…
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Crude output in Libya has risen above 800,000 bopd for the first time since 2014, the National Oil Corporation (NOC) announced on Wednesday.
Production has…
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ConocoPhillips announced its first-quarter 2017 adjusted figures on Tuesday, revealing a loss of USD 19 million. While in the red, the result sees the company…
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Libya’s oil production has returned to levels above the 700,000-bopd mark, a National Oil Corporation (NOC) official said on Sunday.
The rebound was enabled by…
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Hess Corporation on Thursday announced that its oil and gas production over the first quarter of the year had exceeded the company’s guidance.
In its financial…
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TOGY talks to Abdul Aziz Al Rashed, chairman of Kuwait Drilling Company (KDC), about the company’s activities in Kuwait and its work with KOC, plans for expansion in…
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