Some of Libya’s oil contracts will be reviewed by the country’s new government, former interim prime minister Ali Tarhouni said Thursday, putting scores of foreign firms on notice. During a visit to Washin...
The chief executive of Italian giant Eni said the company expected to return to full capacity in Libya by June of next year. “We see no reason to think we cannot return to full production capacity before June 20...
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 US...
The government of Libyan leader Muammar Gaddafi will send a representative to next week’s OPEC meeting despite the defection of top energy official Shokri Ghanem, although it is not yet ready to announce the nam...
Gazprom CEO Alexey Miller and Eni CEO Paolo Scaroni met Wednesday in Moscow at the headquarters of the Russian company. The parties discussed the issues of bilateral cooperation in the energy sector within their Strat...
China National Petroleum Corporation (CNPC) has evacuated 47 of its 391 Chinese employees in Libya because of political turmoil, according to a company newspaper. Reuters reports the PetroChina parent said in a compan...
Libyan National Oil Corporation signed an agreement with US oil giant Exxon Mobil to start exploration in the Sirte Basin, off the Libyan coast. “We are pleased that we were awarded a contract area for exploration,” s...