Oil Reserves48.4 billion barrels
Gas Reserves1.4 tcm
Ibraheim Mejerissi of Wazen Oil Services talks about Libya’s opportunity to increase gas exports to Europe.
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Libya has signed production-sharing agreements with international energy companies to boost upstream exploration and lift output.
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Libya’s NOC has announced three new oil and gas discoveries with Eni, Repsol and Sonatrach across onshore and offshore basins.
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Eni has announced gas discoveries in Libya totalling more than 1 tcf, boosting supply for the domestic market.
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TotalEnergies has restarted production at the Mabruk oilfield in Libya.
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Oil prices rose to 14-day highs on Thursday even as oversupply concerns continued to weigh heavily on industry observers’ minds.
Brent crude futures for August…
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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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