Libya | Egypt Oil & Gas - Part 35
Libya To Offer New Production-Sharing Contracts
Libya will offer new production-sharing agreements to international oil companies on improved terms to existing contracts, but this won’t happen this year, said the country’s Minister of Oil and Gas, Abdur... BP Lifts Force Majeure on Libyan Exploration
BP has lifted Force Majeure in respect of its Libyan Exploration and Production Sharing Agreement (EPSA) with the National Oil Corporation (NOC) effective 15th May 2012. Force Majeure has been in place since 21st Febr... 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. At the same time, the Anglo-Dutch giant ins... 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. The company’s... 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 filing... 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. The visit comes in the context of promot... 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. The Paris-based company will drill... Libya production increases to 1.3 million barrels per day
Oil production in the country has now resumed following the eight-month war. “The National Oil Corporation announced…that the production of crude oil has reached 1.3 million barrels per day,” said a ... 
