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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Two of Libya’s largest oil ports were evacuated on Thursday as fighting raged nearby, the country’s National Oil Corporation reported.
Rival armed militias…
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Crude oil production by OPEC countries rose in May, the Organization of the Petroleum Exporting Countries and Russia stated in its monthly report.
Total production…
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France’s Total has acquired Marathon Oil Libya and its 16.33% stake in the Waha Concessions in the North African country for USD 450 million, the super-major…
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Libya has restarted production at the Sara oilfields, operated by Wintershall, after an “unauthorised shutdown” in November 2017, the country’s National Oil…
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Crude prices turned higher in morning trade on Tuesday on reports of an attack on a Libyan oil pipeline.
The U.S. West Texas Intermediate crude February contract…
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“Soft” output targets reportedly imposed on Nigeria and Libya as part of the OPEC deal to extend global production cuts through the end of 2018 could hurt…
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Oliver Westmacott, president and COO of GardaWorld International Protective Services, talks to TOGY about new opportunities and market dynamics in security services in…
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Crude prices gained in Asia on Friday with trade data from China supporting rising demand views as the market looks ahead to U.S rig count data.
On the New York…
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Crude oil prices rallied to their best levels in months on Monday, as optimism that the market was well on its way towards rebalancing added to bullish…
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Oil prices turned lower on Thursday, reversing the previous session’s sharp gains, as flooding caused by Tropical Storm Harvey continued to paralyze U.S. refineries of…
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