Archive | Oil & Gas

UK Trade Mission visits AGOCO

By John Lee. A trade mission organised by the UK’s Middle East Association (MEA) has met with the senior management of Libya’s Arabian Gulf Oil Company (AGOCO) in Benghazi, including Chairman Mohamed Shatwan. The meeting included discussions on environmental issues, training, the availability of UK visas, and the supply of materials and equipment. Among the […]

Russia’s Rosneft signs Oil Deal with NOC

Libya’s National Oil Corporation (NOC) and Rosneft of Russia have signed a Cooperation Framework Agreement that lays the groundwork for investment by Rosneft in Libya’s oil sector. The agreement was signed in London by NOC chairman Mustafa Sanalla and Rosneft chairman Igor Sechin at the margins of London’s International Petroleum Week, a gathering that brings […]

New Tenders from National Oil Corporation

By John Lee. The National Oil Corporation (NOC) has advertised new career opportunities in Libya: Fog/jet fixed monitors (tender extension), Brega Petroleum Marketing Company (BPMC) Twin-agent firefighting units (tender extension), Brega Petroleum Marketing Company (BPMC) Electric motorized valves (tender extension), Brega Petroleum Marketing Company (BPMC) Engineering Services for Sarir/Messla/Majad Electrical Network (K-47), Arabian Gulf Oil Company (AGOCO) […]

LNA resumes Pre-Emptive Airstrikes in the Oil Crescent

Following a number of indicators that a new offensive against the oil crescent was being planned, the Libyan National Army (LNA) resumed pre-emptive airstrikes last week against targets in Jufra and Mabruk oilfield. It is understood that both BDB and GNA MoD 12 Brigade were targeted in a series of strikes starting on 09 February. […]

Rada arrests Mellitah Execs in Fraud Probe

Libya Herald reports that four senior executives from Mellitah Oil and Gas have been detained in Tripoli over an alleged fraud involving the new $425-million GAZA Floating, Storage, Offloading Marine Terminal (FSO) (pictured) at Bouri Offshore Field. They were detained by the Rada Deterrence Force, which alleges that they abused their authority and wasted public […]

First Tanker Loads at GAZA Marine Terminal (FSO)

On Saturday 11 February 2017, the first crude oil vessel was loaded at GAZA Floating, Storage, Offloading Marine Terminal (FSO) in Bouri Offshore Field, which was launched to replace Sloug Floating Storage Offloading (FSO) and to be included within the oil operations system of Mellitah Oil and Gas Company. The floating Storage was manufactured by […]

New Tenders from National Oil Corporation

By John Lee. The National Oil Corporation (NOC) has advertised new career opportunities in Libya: Health care provision (Insurance) and Comprehensive Health Services, Mabruk Oil Operations Workover Rig for Abu-Attifel Field and Rimal Fields, Mellitah Oil & Gas Company (Oil Division) Water pumps used in firefighting systems, Brega Petroleum Marketing Company (BPMC) (Source: UN)

OMV Restarts Production; Increases Stakes in Libyan Fields

Austria’s OMV has announced that, as a result of the improvement in the political and security situation in Libya, it has successfully started up production at both the Sirte and Sharara oil fields. The Sharara fields are located in the Murzuq basin. In Q4/2016 OMV’s production from Libya amounted to approximately 3,000 bbl/d. OMV also […]