Additional production capacity added at Libya Faregh oil field.
Waha Oil Company (WOC), a National Oil Corporation subsidiary, has completed preparations on another horizontal well in the Faregh oil field ahead of the planned start of second-phase experimental gas production by the end of the first quarter of 2019. Initial tests indicate that the B B-14-59 well is expected…
Read more16
JanDutch 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…
Read more16
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…
Read more22
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…
Read more15
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…
Read more