Oil

Algeria’s state oil and gas company has pulled out of Libya citing deteriorating security conditions.Sonatrach said it had first evacuated its personnel from Libya and then transported production equipment across the border.…

The National Oil Corporation (NOC) subsidiary Akakus has confirmed that Sharara oilfield sub-station B-6NC-186 has been attacked around 3 pm on Tuesday, November 20, 2018, by an armed group of eight men, adding that no employees were…

Libya’s National Oil Corporation (NOC) Chairman, Mustafa Sanallah expects OPEC and allied producers to exempt the country from any future cuts in crude output.“The OPEC community has understood the difficulties we face –- Libya has…

Libya hopes to receive an exemption from possible production curbs by Opec and allies, as it works to raise its own output capacity levels to two million barrels per day by 2022, the head of the country’s state producer said."Opec…

Libya has restarted three small oil fields and added around 10,000 bpd to its oil production—which has been steadily rising over the past two months—a spokesman for Libya’s National Oil Corporation (NOC) told Reuters on Wednesday.…

 Libya has restarted the eastern al-Bayda oilfield, a field engineer said late on Tuesday, the latest operation in the so-called Oil Crescent region to resume work after heavy fighting in June.The field has a current capacity of…

British Petroleum and its Italian partner Eni are expected to start exploratory drilling in Libya early in the first quarter of 2019, according to the chairman of the country's National Oil Company Mustafa Sanallah."The first well…

Libya’s National Oil Corporation (NOC) warned on Sunday that it would suspend operations at Al-Zawiya refinery unless security improved after two recent attacks.The refinery west of the capital Tripoli supplies western and southern…

The Libyan National Oil Corporation (NOC) chairman  Mustafa Sanallah met with His Excellency Dr Sultan Ahmed Al Jaber, United Arab Emirates Minister of State and Group CEO of the Abu Dhabi National Oil Company (ADNOC) in London…

Libya's crude oil output has dipped again due to the deteriorating security situation around its largest oil field, Sharara, sources said Tuesday.Sources with knowledge of Libya's production said an increase in local militia…

The National Oil Corporation's (NOC) current target is petrol smuggling, reported Petroleum Economist on Friday."The extent of Libya's fuel smuggling was laid bare in September by a report by the UN Panel of Experts. Lacking…

The CEO of the Russian exploration company Rosgeologia (Rosgeo), Roman Panov, discussed with Mustafa Sanallah, the head of the Libyan National Oil Corporation (NOC), the conduction of exploration works in Libya, the Russian company said in…

Libya’s state oil company National Oil Corp (NOC) said on Wednesday it had postponed a conference in the eastern city of Benghazi for 15 days following an attack on its Tripoli headquarters last month.The three-day conference, to be…

National Oil Corporation (NOC) has today issued its official response to the false claims made in a report by the Audit Bureau (AB) regarding its operations and staff. The corporation expressed surprise and frustration at the…

Libya’s oil production climbed to the highest since 2013 and can go even higher if security at the nation’s energy facilities can be improved, according to the chairman of the state-run National Oil Corporation.Output was recently…

The National Oil Corporation (NOC) announces that the Al Wafaa oil field airfield was blockaded on the morning of Wednesday, September 19th, in an attempt to blackmail Mellitah Oil and Gas Company into awarding an unwarranted catering…

The US Department of the Treasury has sanctioned the former leader of  Libyan Petroleum Facilities Guard (PFG), Ibrahim Jadhran (Jodran), the Office of Foreign Assets Control (OFAC) said in a post on its website on Wednesday.…

Libya’s crude oil production has exceeded 1 million bpd for the first time since June, when port blockades and a kidnapping caused production outages that within a month brought production to as little as 670,000 bpd.S&P Global…

Libya’s giant Sharara oilfield is producing 260,000 barrels per day (bpd) after the restart of a control station that had been closed due to the kidnapping of two workers, an engineer at the field said on Wednesday.Station 186 was…

The Libyan Brega oil and gas marketing company has closed the office of fuel and gas control committee headed by Milad Al-Hijirsi.The company announced on Sunday that it had fired Al-Hijirsi and ordered the redirection of the…