Libyan Crude Output Marred by Security Concerns
The deteriorating security situation around Libya’s largest oil field, Sharara, has caused the country's crude oil output to fall once again.
The deteriorating security situation around Libya’s largest oil field, Sharara, has caused the country's crude oil output to fall once again.
Eni, BP, and the National Oil Company (NOC) have signed a Letter of Intent (LOI) for an Exploration and Production Sharing Agreement (ESPA) in Libya to boost in-country exploration and development activities.
Libyan state-owned National Oil Company (NOC) has welcomed the UN Security Council's (UNSC) recommendations regarding the illegal export of oil by authorities in the east of the country.
Armed militants have reportedly attacked the headquarters of the Libyan National Oil Company (NOC) in Tripoli resulting in several casualties.
Eng. Osama Halim, who has more than 25 years of experience in the oil and gas sector, has been appointed the new Vice President Egypt & Libya for Halliburton.
Libya’s oil production has increased after the Amal and As-Sarah oilfields in the east of the country resumed operations.
German company Wintershall is currently producing less than 10,000 barrels per day (b/d) of crude from its Libyan operations, compared with 60,000 b/d earlier this year.
Libya's Abu Attifel oil field has resumed operations after pausing for two weeks.
Libya has declared a force majeure on significant ammounts of its supply, pushing oil prices to highs not seen since 2014.
Oil prices rose on June 27 after US officials ramped up pressure on its allies to end imports of Iranian crude by November.