Libya’s National Oil Corporation (NOC) welcomed the proposals from both Libya’s internationally recognized government and General Haftar’s government to end a seven-month oil blockade.

Libya’s National Oil Corporation (NOC)’s Chairman, Mustafa Sanalla, met with Sonatrach’s Chairman and CEO, Rachid Hachichi, along with their respective delegations to discuss potential joint cooperation between the two-state oil firms, NOC said in a statement published on October 27.

The Abu Dhabi National Oil Company (ADNOC) has awarded two offshore blocks to Eni and PTT Exploration and Production Public Limited (PTTEP) for oil and gas E&P.

Saudi Arabia issued a royal decree to decrease the income tax paid by Aramco.

Algerian state energy producer Sonatrach plans to increase output of natural gas and crude oil by 20% in four years until 2020 as new projects start up.

Exxon Mobil Corporation expects to start up 16 major oil and natural gas projects during the next three years and is on track to increase daily production to 4.3 million oil-equivalent barrels by 2017, Rex W. Tillerson, chairman and chief executive officer, said today.