Libya | Egypt Oil & Gas - Part 34

Shell confirms exit from Libya blocks

Shell has decided to quit its Libyan exploration blocks amid insecurity and harsh contracts, in the first such move since the overthrowing of Muammar Gaddafi's regime.

OMV quarter up on Libya

Increased output from Libya, recovering from the turmoil of civil unrest, helped Austria's OMV boost production slightly in the first quarter, the company said in a trading statement released on Tuesday.

US SEC Probes Eni, Total On Libya Operations

The U.S. Securities and Exchange Commission has sent formal requests to Italy's Eni SpA and France's Total SA related to the companies' Libyan businesses, the companies disclosed in regulatory filings.

Egyptian Petroleum Delegation Makes headway in Libya

During its visit of last month, The Egyptian petroleum delegation has accomplished fruitful progress in supporting the reconstruction of Libya's dilapidated petroleum industry.

Total eyes 200bn unfound oil barrels in Egypt, Libya

Total SA is planning to explore for oil and natural gas off the coasts of Libya and Egypt, a region that may hold as much as 200bn barrels of oil equivalent, a company official said.

Libya production increases to 1.3 million barrels per day

Oil production in the country has now resumed following the eight-month war.

OMV Touts 60% Pre-War Level Production in Libya

Austrian energy giant OMV said Thursday its oil production in Libya now stands at 60% of the pre-war level, up from 30% in November.

Libya to Revisit Oil Contracts

Some of Libya's oil contracts will be reviewed by the country's new government, former interim prime minister Ali Tarhouni said, putting scores of foreign firms on notice.

Eni eyes full Libyan output by June

The chief executive of Italian giant Eni said the company expected to return to full capacity in Libya by June of next year.

Heritage Oil gains access to Libyan oil industry with acquisition of controlling interest in Sahara Oil Services Holdings

Heritage Oil has acquired a controlling 51% interest in Sahara Oil Services Holdings (SOSH) which holds the necessary long term permits and licences to provide oil field services in Libya, for cash consideration of U ...

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