Libya resumes offshore exploration-NOC
Libya has resumed offshore exploration for the first time since the end of Muammar Gaddafi’s era, and the work is being carried out at a bloc operated by Italy’s Eni, the National Oil Corporation NOC)...
View ArticleShell To Exit Libyan Oil, Gas Blocks
Royal Dutch Shell PLC on Monday said it was exiting its Libyan exploration blocks amid insecurity and harsh contracts, the first such move since Gadhafi’s overthrow. The Anglo-Dutch giant insisted it...
View ArticleBP to resume operations in Libya
BP is to resume exploration activities in Libya that it suspended because of last year’s uprising, re-starting a relationship which under ousted Libyan leader Muammar Gaddafi landed the firm in the...
View ArticleRepsol to Resume Oil Drilling in Libya
Spanish oil firm Repsol is reported to be making final preparations to resume drilling in Libya early next year. The company currently has rights to nine blocks, seven of which, totalling 16,185 km2,...
View ArticleEni Restarts Exploration Drilling in Libya
Eni has announced that it has restarted its onshore exploration activities in Libya by drilling the A1-108/4 well in the Sirte Basin, located around 300km south of the city of Benghazi. The well,...
View ArticleLibya May Seek New Oil Bids
Libya’s new Oil and Gas Minister, Dr. Abdulbari Alarusi [Al Arusi], has said the country could proceed with a new round of oil exploration and production agreements, but the priority for now is to...
View ArticleSonde Resources Reaches Agreement on Gulf of Gabes
Canadian energy group Sonde Resources has reached agreement with the Joint Oil authority on terms for Sonde to enter the second phase of the exploration period on the Joint Oil block in the Gulf of...
View ArticleBP Reconsiders Libya Drilling Plans
Oil giant BP has said it is reconsidering plans to drill for oil in Libya, due to security concerns following the attack on a gas plant in Algeria in which a number of BP employees were killed. A BP...
View ArticleHeritage Oil strikes $20m Libya deal
Heritage Oil, the FTSE 250 oil and gas explorer, has made a push into Libya in the hope of winning oil and gas licences when they are distributed by the new regime. The group on Tuesday announced that...
View ArticleBP plans return to Libya oil exploration
BP Plc said on Tuesday it wanted to return to Libya and resume oil and gas exploration work, which it halted earlier this year due to the uprising against Muammar Gaddafi’s rule. London-based BP has no...
View ArticleConoco earnings fall on Libyan instability
ConocoPhillips, the third-biggest US oil company by market capitalisation, reported a 16 per cent drop in third-quarter earnings, citing a range of factors, including suspended operations in Libya and...
View ArticleMalta makes proposal to Libya and Italy on continental shelf issue
Malta has made a proposal to Libya and Italy as a possible solution to the continental shelf issue, which has been pending for years, Foreign Minister Tonio Borg said this morning. An agreement is...
View ArticleJoint oil exploration proposed to Libya and Italy
A proposal made to Malta’s neighbouring countries Italy and Libya was that the solution to the continental shelf issue could be an agreement for joint exploration, Foreign Affairs Minister Tonio Borg...
View ArticleBP, Shell Plan to Resume Exploration, Boost Production in Libya
BP Plc and Royal Dutch Shell Plc, Europe’s biggest oil companies, aim to resume exploration in Libya, whose new government seeks to stabilize relations with foreign companies following the ouster of...
View ArticleBP, Shell Preparing for Resumption of Libyan Oil Exploration
BP Plc and Royal Dutch Shell Plc, Europe’s biggest oil companies, aim to resume exploration in Libya, whose new government seeks to stabilize relations with foreign companies following the ouster of...
View ArticleSonde seeks partner to develop Zarat
Canadian independent Sonde Resources is looking for a partner to help fund its development of a block off North Africa, either through a joint venture or a stake sale, the company’s chief executive...
View ArticleGermany’s Wintershall ramps up Libyan oil output: CEO
Wintershall, the second-largest foreign oil firm in Libya before the civil war, has boosted output in the country to three times what it was in the fall, but ageing pipeline infrastructure is limiting...
View ArticleLibya resumes exploration works, rises crude output
Libya has resumed oil exploration activities, and its crude output has climbed to 1.4 million barrels per day, while gas production is now at 2.3 billion cubic feet per day, the National Oil...
View ArticleOMV Restarts Production; Increases Stakes in Libyan Fields
Austria’s OMV has announced that, as a result of the improvement in the political and security situation in Libya, it has successfully started up production at both the Sirte and Sharara oil fields....
View ArticleBP, ENI discuss Resumption of Exploration in Libya
By John Lee. The Chairman of the National Oil Corporation (NOC), Mustafa Sanalla, discussed the importance of the resumption of exploration activities in Libya with BP and ENI on 25th April. The...
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