Archive | Oil & Gas

Shell, BP to Buy Libyan Crude

By John Lee. Bloomberg reports that Shell and BP have agreed annual deals to buy Libyan crude oil. Sources told the news agency that Shell’s deal is the first of its kind since 2013, and that the first cargo of 600,000 barrels will start to be loaded from Zueitina port on Saturday. BP, which didn’t […]

Algeria, Libya to Jointly Study Border Fields

By John Lee. Algeria’s state-run oil company Sonatrach signed an agreement with the Libyan National Oil Corporation (NOC) to jointly study the Al Wafa and Al Rar fields, along with US-based DeGolyer & MacNaughton  (D&M). Al-Rar field is on the Algerian side of the border, while Al-Wafa field (pictured) is on the Libyan side. The study […]

New Oil Tenders

By John Lee. The National Oil Corporation (NOC) has advertised new tenders: Roofing — Sirte Oil Company (SOC) Construction at Amal Field — Harouge Oil Operations Cathodic protection at Amal Field, Harouge Oil Operations Production separators at Nafoora Field, Arabian Gulf Oil Company (AGOCO) Construction at Sarir Field, Arabian Gulf Oil Company (AGOCO) (Source: NOC)

NOC wins Arbitration on Ras Lanuf Refinery

By John Lee. The National Oil Corporation (NOC) has announced what it describes as “the successful conclusion of arbitration” regarding the 220,000 bpd-capacity Ras Lanuf oil refinery. Trasta Energy, a subsidiary of the Emirati Al Ghurair Investment Group, and the Libyan Emirati Refining Company (LERCO), the company which owns and operates the Ras Lanuf Refinery […]

New Oil Tenders

By John Lee. The National Oil Corporation (NOC) has advertised new tenders: Provision of Heavy Equipments, Wafa Onshore Field — Mellitah Oil and Gas Overall Integrated Power Management System at Mellitah Complex — Mellitah Oil and Gas (Source: NOC)

New Oil Tenders

By John Lee. The National Oil Corporation (NOC) has advertised new tenders: Offshore Tug Boat Services — Mabruk Oil Operations (MOO) Medicines for chronic diseases — Harouge Oil Operations (HOO) Study for water disposal and injection system for the Sarir oil field — Arabian Gulf Oil Company (AGOCO) Engineering study for Electrical power supply Tie-In projects […]

Blown-up Oil Pipeline to be Repaired within a Week

Reuters reports that the Libyan crude oil pipeline blown up on Tuesday, about 80 miles south of Es Sider terminal, will take about a week to repair. It quotes a spokesman for an eastern Libyan force tasked with protecting oilfields as saying that a “terrorist group” was probably responsible for the explosion. (Source: Reuters)