Dutch Oil and Gas Company seeks resuming operations in Libya.
Dutch Oil and Gas Company “Rosen” has expressed interest in resuming operations in Libya and cooperating with the Arabian Gulf Oil Company. This came during a meeting which included a delegation from the Dutch company, the management committee of the Arabian Gulf Company, the sales manager of Rosen, and the…
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JanThe Wildcard in OPEC’s Next Deal
When last week news broke that Libya’s UN-recognized government and the eastern government might just be willing to settle their differences and hold elections early next year, its significance for oil markets passed more or less unnoticed as everyone was watching OPEC and Iran. Now, the head of Libya’s National…
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NovU.S. Oil Prices Rise from 2018 Lows
Oil prices rebounded slightly Wednesday from Tuesday’s drop as investors weigh concerns that global output could outstrip demand against potential supply cuts from the Organization of the Petroleum Exporting Countries and its allies. Light, sweet crude for December delivery ended 1% higher at $56.25 a barrel on the New York…
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NovNOC Chairman: Libya’s Ras Lanuf complex to reopen.
The Chairman of the Libyan National Oil Corporation (NOC) Mustafa Sanallah has expressed his hope to reopen Ras Lanuf oil terminal after the tugboats have been provided to the port. NOC said in a statement that Sanallah visited the Ras Lanuf petrochemical complex and met with elders from the region…
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NovLibya’s NOC Will Resume Phase 2 at Top Gas Field Soon.
Libya’s National Oil Corporation will soon resume the Phase 2 development of the Bahr Essalam field—the largest producing offshore gas deposit in the country—and by the end of the year, the phase should be completed. This is what NOC’s chairman Mustafa Sanalla said in a statement following a meeting with…
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