WorldOil Total gets Libya’s approval to acquire Marathon Oil’s assets Libya’s state energy company approved French oil giant Total SA’s acquisition of Marathon Oil Corp.’s assets in the North African country in a deal that could boost the OPEC nation’s production capacity. Turkish offshore gas deal with Libya upsets Mediterranean boundaries Turkey and Libya officially approved a contentious maritime deal that may fuel an energy showdown in the gas-rich waters of the eastern Mediterranean, where both countries are at odds with Greece. Petrofac secures three engineering contracts in MENA Petrofac will provide FEED and conceptualization studies to clients in Oman and Libya following the award of a clutch of new contracts. Libya output drops to post-March low as biggest field halted Libya’s oil production dropped to about 950,000 bpd, its lowest in five months, after the unauthorized closing of a valve on a pipeline linking the country’s largest oil field to an export terminal on the Mediterranean Sea. Libyan crude production recovers as largest oil field restarts Libyan oil production is set to recover from a five-month low as the North African supplier’s biggest field restarts following a brief halt. Libyan military leader says only Tripoli can sell nation's crude Libya’s most powerful military leader said the state oil company in Tripoli has the sole right to sell the nation’s crude, a statement that might ultimately help stabilize production that has swung wildly for almost a decade because of ongoing conflict. As conflict escalates in Libya, so do global oil prices Libya is heading towards mass chaos that puts oil output and exports at risk, just as its oil sector looked set to stage a recovery. Libya unable to revive production it needs to boost economy, UN worried The warning by Ghassan Salame hangs over tortuous efforts by the North African nation’s two rival leaders to reach a power-sharing agreement that could mark a breakthrough in ending a ruinous eight-year war that began with the ouster of Moammar Qaddafi. Libya oil boss sees output gain with hope of BP pumping soon Libya boosted crude production by a third after restarting its biggest field, and its top oil official sees further gains when companies like BP Plc invest and start pumping oil in the politically divided OPEC nation. Libya's biggest oil field restarts, adding hurdle to OPEC cuts Libya’s biggest oil field resumed production, adding another complication to OPEC’s effort to trim a global supply glut.