NOC | Egypt Oil & Gas - Part 5

Libya Records $4 Billion Losses of Oil Revenue Since January

A blockade of oil and gas facilities in Libya has resulted in severe financial losses totaling $4,087,913,653 since mid January, according to a press release. National Oil Company (NOC) facilities were shut down on Ja...

NOC Production Reach 91,221 bbl/d

National Oil Corporation (NOC) has announced that production as of March 17 has plateaued at 91,221 barrels per day (bbl/d). Despite the considerably low levels of production, NOC is managing to provide oil to all Lib...

Wintershall Dea to Invest in Libya’s Sirte Basin Exploration

  Libya’s National Oil Company (NOC) stated that Wintershall Dea is going to invest in exploring Libya’s Sirte basin as its oil concession in Libya is converted to an EPSA IV format, according to Oil and Gas Midd...

Libya’s NOC, Total Ink New Deal

Total and Libya’s National Oil Corporation (NOC) inked a new agreement, allowing Total’s participation in the Waha concessions, located in the Sirte Basin in Libya, according to Pipeline Oil and Gas News. “Total is sa...

Libya’s NOC Adds 2,900 b/d

Libya’s Arabian Gulf Company, a subsidiary of state oil firm National Oil Corporation (NOC), has began production at a rate of 2,900 barrels per day (b/d) from the Massila oilfield, according to Reuters. The well, whi...

Libya Pumps 1.25 MM b/d of Oil

Libya is generating 1.25 million barrels per day (b/d) of oil and plans to increase production to 1.5 million b/d in 2020, the head of the state National Oil Corporation (NOC), Mustafa Sanalla, said, Zawya reported. A...

Libya’s NOC to Increase Faregh Field Production

Libya’s National Oil Corporation (NOC) announced on November 11 the completion of its operational tests for the second development phase of Faregh field, according to Reuters. This will raise the gas production ...

Libya’s NOC Monthly Revenues Fall $1.8 B

Libya’s state-run National Oil Corporation (NOC) announced that its September revenues dropped by 11% to $1.8 billion from the previous month, Zawya reported. “Our strategy to increase production and stora...

Wintershall DEA Considers Exiting Libya

Wintershall DEA considers exiting Libya following a disagreement with the Libyan National Oil Corporation (NOC) over licenses, the German press reported according to Reuters. The German company’s management reportedly...

Seven Countries Support Libya’s NOC

Seven countries have voiced their official support for the Libyan National Oil Corporation (NOC) in a joint statement, Reuters reported. The support for NOC comes as Libya’s legitimate authority of the country’s energ...

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