Indonesia’s Medco Energi has started international arbitration at the ICC against the National Oil Company of Libya to enforce its contractual rights under an exploration and production sharing contract, as well as protect its right to benefit from its investment in Area 47 in the north African nation.
Repsol plans to launch exploration in Libya in the third quarter, according to comments made during a recent meeting with National Oil Corp. (NOC).
The head of Libya’s National Oil Corp. (NOC) has highlighted the North African country’s role in meeting Europe’s energy security needs and downplayed the risks.
Eni’s Scope 1 and 2 emissions increased in 2021, largely as a result of its African operations, but it offset this through the acquisition of 2 million tonnes of CO2 equivalent in forestry credits.
Libya’s National Oil Corp. (NOC) has declared force majeure at its Brega terminal, while warning of a broader impact on the country from stoppages.
Libya’s National Oil Corp. (NOC) has declared force majeure on exports of Mellitah crude, following problems at the El Feel field, and from the port of Zueitina.
Oil climbed as supplies from Libya were interrupted and Russia warned of the potential for record prices if more nations ban its energy.
The Middle East and North Africa region is at “growing risk” of oil supply disruption, a new analysis from Verisk Maplecroft has reported.
Oil extended gains in Asia after the biggest daily surge in 16 months pushed prices back above $100 a barrel as the Kremlin cast doubt on the progress of peace talks with Ukraine.
BP, TotalEnergies and ConocoPhillips executives have held talks with Libya’s National Oil Corp. (NOC) on the sidelines of the CERAWeek conference, in Houston.
Libyan production has dipped below 1 million barrels per day following the latest pipeline stoppage by “suspicious gangs”.
Arabian Gulf Oil Co. (Agoco) has begun producing from the Tahara field, in the Ghadames Basin.
Sonatrach has signed a memorandum of understanding (MoU) on restarting work in Libya, which has been on hold since 2011.
Poor maintenance at export facilities has driven Libya to shut in exports from the Es Sider terminal, compounding weather-related woes.
Waha Oil has completed maintenance on a pipeline section faster than expected, returning 200,000 barrels per day of production to Libya’s output.
Libya has shut in an additional 200,000 barrels per day of production in the face of required maintenance, following the loss of around 300,000 bpd two weeks ago.
A militia group has shut down a number of Libyan fields, while conflict between the oil ministry and the National Oil Corp. (NOC) heightens in the run up to the presidential election.
TotalEnergies has signed a solar power plan in Libya, in addition to setting out plans for the Waha concession.
France’s TotalEnergies and Italy’s Eni said they were ready to invest billions of dollars in Libya as the OPEC nation emerges from a decade of conflict and civil war.
Libyan Prime Minister Abdul Hamid Dbeibeh intends to run for president, he announced at the weekend, while also seeming to back a sale of a stake in Waha Oil to TotalEnergies and ConocoPhillips.
Saif al-Islam Gaddafi has filed his papers to run for president in Libya’s election, due on December 24.
An accident during decommissioning work at a field offshore Libya has left at least three workers dead.
Clashes have “severely damaged” the Zawiya refinery, Libya’s National Oil Corp. (NOC) has reported.
Tatneft has relaunched operations in Libya, starting work on an appraisal well in the Ghadames Basin.
Libya has established the South Refinery, intended to resolve fuel shortages and unemployment in the country’s south.