NOC declares force majeure at Marsa al Hariga
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
Libya’s oil sector must “hope for the best” on security
Libya has entered a “rare period of political stability” but it faces two major challenges, according to a recent Verisk Maplecroft report.
Libyan government signals budget support for NOC
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 used Bridgeporth cover for Libya helicopter deliveries
Mercenaries in Libya used Milton Keynes-based geosciences specialist Bridgeporth as cover for their movements, a United Nations report has said.
NOC warms to CBL under new government
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.
NOC scores win in long-running Ras Lanuf arbitration
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 restarts Faregh field
Waha Oil has restarted the Faregh gas field, a year after it was shut down following the January 2020 oil terminal closure.
Libya’s NOC to open London office – report
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.
Sonelgaz, Gecol sign power deal
Algeria’s Sonelgaz has signed a memorandum of understanding (MoU) with Libyan power producer Gecol.
Sirte Oil hits 100,000 bpd
Sirte Oil Co. (SOC) has doubled production to 100,000 barrels per day, following work to increase well productivity.
OPEC+ meets to seek compromise on plan to delay output hike
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.
Armed gang escalates NOC, CBL revenue dispute
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 signs up with Weatherford for Libya logging
Camco Oilfield Services has signed a strategic services agreement with Weatherford, under which it aims to increase its market share in Libya.
Total in talks on Libya work
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 hits 1 million bpd
Libya is producing more than 1 million barrels per day, the National Oil Corp. (NOC) has announced, in a remarkable recovery.
Libya ups revenues as force majeure clears
Libya’s revenues in October roughly doubled from September, following the lifting of force majeure at two ports.
Oil falls to five-month low as lockdowns and Libya spook market
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.
Wintershall, NOC finally complete Sarir shift
Libya has launched Sarir Oil Operations as a joint operating company to operate Contract Areas 91 and 107, previously held by Wintershall.
Here’s the latest on the resurgence of Libya’s oil industry
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.
Libya to resume production
The National Oil Corp. (NOC) has lifted force majeure from the El Feel field, following high-level agreements on a ceasefire in Libya.
Oil slides below $40 with supply disruptions subsiding
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 reopens biggest oil field, giving OPEC+ a new headache
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.
NOC lifts force majeure on Sharara
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 crescent gets back to work as Sarir field opens
Libya’s oil industry continued to revive this week following a truce between the main factions in the OPEC member’s devastating civil war.
NOC lifts force majeure at Zueitina
The National Oil Corp. (NOC) has lifted force majeure at the port of Zueitina and the associated oilfields, operated by Zueitina Oil Co. (ZOC).