The National Oil Corp. (NOC) has declared force majeure at its Marsa al Hariga terminal, as of April 19, blaming the Central Bank of Libya (CBL).
Libya has entered a “rare period of political stability” but it faces two major challenges, according to a recent Verisk Maplecroft report.
Libya’s National Oil Corp. (NOC) held a meeting with the new government on March 31 to discuss the importance of funding the company.
Mercenaries in Libya used Milton Keynes-based geosciences specialist Bridgeporth as cover for their movements, a United Nations report has said.
Libya’s National Oil Corp. (NOC) has signalled a return of faith in its sometimes fractious relationship with the Central Bank of Libya (CBL), following the appointment of a new government.
Libya’s National Oil Corp. (NOC) has celebrated an arbitration win against the Libyan Emirates Oil Refining Co. (Lerco), in a case on the Ras Lanuf refinery.
Waha Oil has restarted the Faregh gas field, a year after it was shut down following the January 2020 oil terminal closure.
Libya’s National Oil Corp. (NOC) is in the process of opening an office in London, which will play a key role in the North African’s state production increases.
Algeria’s Sonelgaz has signed a memorandum of understanding (MoU) with Libyan power producer Gecol.
Sirte Oil Co. (SOC) has doubled production to 100,000 barrels per day, following work to increase well productivity.
OPEC+ began two days of potentially complicated talks to hash out the size of its oil-production cuts next year, with the group’s president calling for caution in a fragile market.
The National Oil Corp. (NOC) and Central Bank of Libya (CBL) have fallen out over allegedly inaccurate data, while the oil company has also fended off an armed attack on its headquarters.
Camco Oilfield Services has signed a strategic services agreement with Weatherford, under which it aims to increase its market share in Libya.
Total has held talks with the National Oil Corp. (NOC) on increasing production and expanding in Libya, against a background where security appears to be improving.
Libya is producing more than 1 million barrels per day, the National Oil Corp. (NOC) has announced, in a remarkable recovery.
Libya’s revenues in October roughly doubled from September, following the lifting of force majeure at two ports.
Oil kicked off what promises to be a turbulent week of trading by plunging to a five-month low as a continued increase in Libyan crude production coincided with a wave of new virus-lockdown measures in Europe.
Libya has launched Sarir Oil Operations as a joint operating company to operate Contract Areas 91 and 107, previously held by Wintershall.
Libya’s oil industry reached a milestone over the past week with the reopening of the last of its oil fields and ports following a truce in a years-long civil war.
The National Oil Corp. (NOC) has lifted force majeure from the El Feel field, following high-level agreements on a ceasefire in Libya.
Oil accelerated losses with workers in the U.S. Gulf heading back following Hurricane Delta’s landfall and Libya taking a major step toward reopening its biggest field.
Libya took a major step toward reviving its battered oil industry by reopening its biggest field, presenting a new headache for OPEC+ as the alliance of major producers tries to curb global supplies.
The National Oil Corp. (NOC) has lifted force majeure from the Sharara oilfield, following an agreement with the Petroleum Facilities Guard (PFG).
Libya’s oil industry continued to revive this week following a truce between the main factions in the OPEC member’s devastating civil war.
The National Oil Corp. (NOC) has lifted force majeure at the port of Zueitina and the associated oilfields, operated by Zueitina Oil Co. (ZOC).