Libya launches new refinery plans
Libya has established the South Refinery, intended to resolve fuel shortages and unemployment in the country’s south.
Libya
NOC opens London office in push for UK engineering
Libya’s National Oil Corp. (NOC) has officially launched a unit in the UK with the aim of improving collaboration with local companies.
Libya’s Sidra, Ras Lanuf terminals reopen
Exports have resumed from a number of ports in Libya, with local protestors agreeing to end their occupation.
NOC in talks with Schlumberger as debt concern mounts
Libya’s National Oil Corp. (NOC) reassured Schlumberger on September 12 that there was a plan to pay down debts.
Sanalla to remain, Libyan PM declares
The Libyan prime minister has stepped in to smooth over the dispute at the National Oil Corp. (NOC).
Petrofac signs $100m EPCC contract in Libya
Petrofac has signed an engineering, procurement, construction and commissioning contract worth more than $100 million in Libya.
Crunch time looms for Libya’s Agoco
Arabian Gulf Oil Co. (Agoco) is on the verge of halting operations, complaining of a shortage of cash to sustain its budgets.
Politics threaten NOC head
Libya’s oil minister has called for the removal of the head of the National Oil Corp. (NOC), although progress is likely to be slow.
Libya’s Gialo-Waha link springs a leak
Libya’s National Oil Corp. (NOC) detected a leak on a pipeline, cutting production from the Gialo field by 60,000-70,000 barrels per day.
Libya takes umbrage at US oil comments
Libya’s newly formed Ministry of Oil and Gas has condemned statements from the US embassy for “interference” in internal affairs.
Mobilisation and MoUs as Algeria heads to vote
Algeria will hold its legislative elections on June 12, offering a slim opportunity for change – although with concerns already around turnout and legitimacy.
IMF tips oil rich Guyana to be world’s fourth-largest growing economy in 2021
A global financial institution has forecasted that Guyana’s economy will be among the frontrunners for growth this year.
Sonatrach considers Libyan return following talks
Sonatrach has discussed the possibility of returning to work in Libya, at Contract Areas 065 and 96/95.
NOC lifts terminal force majeure as government comes through
National Oil Corp. (NOC) has lifted force majeure at Marsa al Hariga following progress from the government on paying its bills.
NOC declares force majeure at Marsa al Hariga
The National Oil Corp. (NOC) has declared force majeure at its Marsa al Hariga terminal, as of April 19, blaming the Central Bank of Libya (CBL).
Libya’s oil sector must “hope for the best” on security
Libya has entered a “rare period of political stability” but it faces two major challenges, according to a recent Verisk Maplecroft report.
Libyan government signals budget support for NOC
Libya’s National Oil Corp. (NOC) held a meeting with the new government on March 31 to discuss the importance of funding the company.
Mercenaries used Bridgeporth cover for Libya helicopter deliveries
Mercenaries in Libya used Milton Keynes-based geosciences specialist Bridgeporth as cover for their movements, a United Nations report has said.
NOC warms to CBL under new government
Libya’s National Oil Corp. (NOC) has signalled a return of faith in its sometimes fractious relationship with the Central Bank of Libya (CBL), following the appointment of a new government.
NOC scores win in long-running Ras Lanuf arbitration
Libya’s National Oil Corp. (NOC) has celebrated an arbitration win against the Libyan Emirates Oil Refining Co. (Lerco), in a case on the Ras Lanuf refinery.
Waha Oil restarts Faregh field
Waha Oil has restarted the Faregh gas field, a year after it was shut down following the January 2020 oil terminal closure.
Libya’s NOC to open London office – report
Libya’s National Oil Corp. (NOC) is in the process of opening an office in London, which will play a key role in the North African’s state production increases.
Sonelgaz, Gecol sign power deal
Algeria’s Sonelgaz has signed a memorandum of understanding (MoU) with Libyan power producer Gecol.
Sirte Oil hits 100,000 bpd
Sirte Oil Co. (SOC) has doubled production to 100,000 barrels per day, following work to increase well productivity.
OPEC+ meets to seek compromise on plan to delay output hike
OPEC+ began two days of potentially complicated talks to hash out the size of its oil-production cuts next year, with the group’s president calling for caution in a fragile market.