Libya

Libya Plans to Boost Gas Exports to Europe by 2030

Libya plans to boost its natural gas production in the next five years to have more supply available for export to Europe by early 2030, National Oil Corporatio…

Hydropower Plant

Liberia Secures $7.41m to Complete Run-Of-River Hydropower Project

The African Development Fund has approved additional financing of $7.41 million to ensure the successful completion of Liberia's Renewable Energy for Electr…

Natural Gas

US Firm Finds Work on $8 Billion Gas Development in Africa

Mellitah Oil and Gas, a joint venture between Libya’s National Oil Corporation and Italy’s Eni, has selected Hill International, a U.S.-based compan…

Crude Oil

Libya’s NOC Unveils Self-Reliance

Strategic shift focuses on homegrown technologiesThe National Oil Corporation (NOC) unveiled its 2025 strategic plan on Wednesday, prioritising increased oil pr…

Photovoltaic （PV）

Liberia Seeks Consultancy Services for Solar, Battery Storage Auction

The government of Liberia plans to hire a consortium of consultants in a new project auction to help develop and implement a utility-scale solar and battery ene…

Oil Field

New Oil Well Bolsters Libya’s Production Capacity

Libya’s AGOCO Expands Output with New Sarir WellThe Arabian Gulf Oil Company (AGOCO), a subsidiary of Libya’s National Oil Corporation, has successf…

Crude Oil

Akakus Company Records Highest Crude Oil Production Rate in Seven Years.

Akakus Oil Company recorded yesterday the highest crude oil production rate, which it has not recorded in seven years, as its production reached 306,000 barrels…

Oil&Gas Drilling

Libya Needs $3-4 Billion to Boost Oil Production, Bidding Round Expected Soon, Oil Minister Says

Libya's Acting Oil and Gas Minister Khalifa Abdulsadek and OPEC Secretary General Haitham Al Ghais shake hands during the Libya Energy & Economy Summit, in …

Natural Gas

More Than 100 Million Cubic Feet of Natural Gas Produced by Sirte Oil for the First Time: NOC

Libya’s state National Oil Corporation (NOC) announced last Tuesday (14 January) that Sirte Oil and Gas Production and Manufacturing Company has achieved …

Oil&Gas Drilling

Repsol Resumes Exploration Drilling in Libya‎ After a 10-Year Hiatus

Libya’s state National Oil Corporation (NOC) reported yesterday (31 December 2024) that Spanish oil company Repsol has resumed exploration activity in the…

Libya

Libya’s Oil Production Surpasses Annual Target

The National Oil Corporation (NOC) announced that daily crude oil production has surpassed its annual target, reaching 1,405,609 barrels of crude oil and an add…

Oil Refinery

Major Libya Oil Refinery Halts Operations Due to Clashes

A major oil refinery in Zawiya, western Libya, ceased operations yesterday following clashes between local armed groups that caused fires in several storage tan…

Crude Oil

Crude Oil Futures Edge Up After IEA Report on Demand Outlook

Crude oil futures traded slightly higher on Friday morning after the latest report from IEA (International Energy Agency) indicated an increase in global oil su…

Crude Oil

OPEC Daily Crude Output up 0.5% in Nov.

Crude oil production from the Organization of Petroleum Exporting Countries (OPEC) increased by 0.5%, or by 104,000 barrels per day (bpd), in November to averag…

Oil & Gas Trade

Italy’s Eni, BP Resume Onshore Drilling In Libya After 10-year Hiatus

Italian energy company Eni and British oil giant BP have resumed exploration in Libya after onshore drilling was halted in 2014, Libya’s national oil corp…