PetroChina to buy Libyan oil.
PetroChina has signed an annual contract to buy Libyan crude in 2018, Bloomberg reports. It is the first oil purchase deal with the NOC by the Chinese company since 2013. The deal comes after similar deals were agreed by oil majors like Royal Dutch Shell and BP in January….
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MarLibya’s NOC resumes pumping at El Sharara oilfield.
Libya’s National Oil Corporation (NOC) announced today that production has resumed at the Reposol operated Sharara oilfield. It said that the stoppage for over 24 hours had led to the loss of about 500,000 barrels and US$ 30 million of potential revenue. Pumping at Libya’s El Sharara resumed normaly on…
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MarTotal buys Marathon stake in Libya for $ 450 million.
French energy giant Total said on Friday that they have bought a 16.33 percent stake in the Libya’s Waha concession from Marathon Oil in a deal worth $ 450 million. Total said in a statement that Waha Oil Company owned by Libya’s National Oil Corporation (NOC), currently produces 300,000…
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MarRepsol profits up on higher oil prices, production.
Spain’s oil giant Repsol said Wednesday that rising oil prices and increased output — as the group resumed activity in Libya. Repsol was one of the companies that came back to Libya and resumed its activities as normal as it was. Repsol said in a statement that net profit rose…
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MarNational Oil Corporation and Schlumberger are discussing ways to increase production rates.
Chairman of the Board of Directors Eng. Mustapha Sinnallah met on Tuesday, February 27, 2018 at the National Oil Corporation in Tripoli with Ziad Bin Hammad, North Africa Regional Director of Schlumberger, in the presence of the Board members of Abu Al Qassim Shankir, Al Omari Mohammed and General Manager…
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