Libya
News
March 28, 2024
Libya holds Africa’s largest crude reserves, but over a decade of political strife has taken its toll. Production that reached almost 1.8 MMbpd in 2008 slumped to some 100,000 bpd following the killing of Moammar Al Qaddafi in 2011’s civil war. Volatile ever since, it’s currently at about 1.2 MMbpd.
News
February 26, 2024
Shipments from the Wafa oil field, which produces 40,000 to 45,000 bpd, are back up after being halted on Sunday as guards at the facilities demanded better pay, according to a person familiar with the operations.
News
January 22, 2024
Production at Sharara, which previously pumped about 270,000 bpd, will resume and force majeure, a clause in contracts allowing deliveries to be suspended, will be lifted, the OPEC country’s state-run National Oil Corp. said in a statement.
News
January 03, 2024
A group of people had entered the field in 20 vehicles, demanding jobs, services and a new refinery, according to a letter signed by a board member at the state company.
News
September 18, 2023
As of Sep. 18, TotalEnergies has shipped nearly 50 tons of essential goods, comprising medical supplies, food parcels including baby food, personal hygiene kits and solar lamps.
News
September 15, 2023
Libya had shut export ports in the east during the storm last weekend and had reopened them by Tuesday. NOC said then that oil production was running at 1.2 MMbpd.
News
August 10, 2023
Saipem will undertake revamping of the platforms and of the facilities of the Bouri natural gas field, which lies in water depths between 145 m and 183 m offshore the Libyan coast.
News
August 03, 2023
Force Majeure, declared in 2014, was revoked following the completion by Eni of a Security Risk Assessment to assess the security conditions in the areas where the exploration program will be carried out. This study yielded positive results.
News
July 17, 2023
The nearby — but smaller — El Feel field, which was shut as part of the same protests, has also resumed production, another person familiar with the matter said.
News
July 14, 2023
The Sharara deposit in the southwest of the country began halting late Thursday. It has now fully stopped; the nation’s oil and gas minister Mohamed Oun confirmed the stoppage by text message. Oil prices jumped when news of the disruption, which also affected the nearby El Feel field, first emerged.
News
June 08, 2023
Under the terms of the memorandum, Eni will work on reducing CO2 emissions through the reduction of routine gas flaring, fugitive emissions and venting, as well as possible projects for the reduction of hard-to-abate sector emissions.
News
January 27, 2023
Libya’s abundance of oil and gas reserves — among the largest in Africa — and its proximity to Europe could make it a key energy supplier to the continent.
News
January 25, 2023
The Rome-based company will sign a deal with Libya’s National Oil Corp. in Tripoli this weekend, NOC Chairman Farhat Bengdara told a local television channel. The fields, located offshore in the Mediterranean, will probably be able to pump 850 Mmcfgd, he said.
News
August 01, 2022
Libya’s crude exports climbed after a ban on production and shipments was lifted in mid-July, a trend that may help cool fears about the OPEC member’s ability to supply global markets.
News
July 18, 2022
Libyan Prime Minister Abdul Hamid Dbeibah said the country’s crude exports are on track for full resumption after months of outages as he justified his replacement of the state-run oil company’s leadership.
News
July 15, 2022
Libya’s government, National Oil Corp. and protesters have reached an agreement to reopen oil fields and export terminals, officials said.
News
July 13, 2022
As U.S. President Joe Biden prepares to visit the Persian Gulf to get more oil onto global markets, political turmoil in another part of OPEC threatens to further undermine the cartel’s production.
News
June 21, 2022
Libya’s oil production has risen in the past week to around 700,000 to 800,000 barrels a day, according to Energy Minister Mohamed Oun.
News
June 13, 2022
Libya’s oil production has almost fully halted as a political crisis leads to more shutdowns of ports and fields.
News
June 02, 2022
African hydrocarbon producing countries are increasing oil and gas licensing rounds to be able to stabilize supply of hydrocarbons in years to come to meet growing energy demand as output in legacy projects declines.
News
May 11, 2022
Libya’s parliament-backed prime minister said closed oil fields and ports in the OPEC country may soon reopen, though his rival’s energy minister said negotiations with protesters were proving difficult.
