The see-saw story of Libya oil production since the revolution has taken another turn with the report from Mabrook Buseif that it is now up, at between 300,000 and 500,000 b/d.
Unrest and conflict in Libya had limited impact on French oil major Total's output in the country, the company's chief executive told reporters on Friday, adding that he expected production to resume shortly in the c ...
BP is reconsidering its operations in Libya after the terrorist attack on its gas facilities in Algeria and as industry concerns over security in Libya grow.
The well, operated by the fully owned subsidiary Eni North Africa, will reach a total depth of 14,500 feet and will test a new geological play in the EPSA IV 2008 Contract Area A.
BP PLC expects to start next year deep-sea drilling work off the coast of Libya, as the U.K. oil giant resumes it $2 billion exploration program halted by the rebel overthrow of Col. Moammar Gadhafi's regime last year.
A return to oil production in Libya gave a welcome boost to OMV AG's first-half earnings, but the effects of the North African country's civil war are still being felt, the Austrian oil company said Wednesday.
Libya's state oil company criticized Royal Dutch Shell PLC for its decision to abandon exploration blocks in Libya, and said that Shell "has generally not achieved any encouraging results" in the North African country.