Archive | Oil & Gas

Latest Oil Tenders

By John Lee. The National Oil Corporation (NOC) has advertised new tenders: 3D Seismic Acquisition Program for NC-216 (A&B) Ghadames Basin, Sirte Oil Company (SOC) Cleaning and Office Services for Company premises in Tripoli, Mellitah Oil & Gas (Source: National Oil Corporation) (Picture: Call for tender written on a folder, from Olivier Le Moal/Shutterstock)

Latest Oil Tenders

By John Lee. The National Oil Corporation (NOC) has advertised new tenders: Production separators at Nafoora field project No-M-14, Arabian Gulf Oil Company (AGOCO) Renovation and maintenance of guest house, Arabian Gulf Oil Company (AGOCO) Study for water disposal and injection system for the Sarir oil field – Project No K-10, Arabian Gulf Oil Company […]

Video: Haftar and the battle for Libya’s Oil Wealth

From Al Jazeera. Any opinions expressed are those of the authors, and do not necessarily reflect the views of Libya Business News. Almost eight years after the fall of Libyan leader Muammar Gaddafi, the country is deeply divided between east and west. A war economy has enriched armed groups and a battle to control the country’s […]

NOC, Eni establish Steering Cmte for Sabratha Gas Project

By John Lee. The National Oil Corporation (NOC) and Italian oil major Eni have signed two memoranda of understanding (MoU), the first concerning the establishment of a steering committee to expedite gas production at structures ‘A’ and ‘E’ within maritime concession MN 41 in the Sabratha marine basin. The steering committee will oversee the timely […]

Libyan Oil Revenues down 21% in February

By John Lee. February income from sales of crude oil and derived products, in addition to taxes and royalties received from concession contracts, was $1.26 billion – a more than $330 million (-21%) month-on-month decrease. The drop in oil revenue is attributed to adverse weather conditions affecting exports from the Es Sider port, in addition […]

NOC commits to Transparency and Governance Framework

By John Lee. NOC commits to transparency and governance framework at EITI summit The Chairman of National Oil Corporation (NOC), Mustafa Sanalla, has reaffirmed the NOC’s institutional commitment to good governance and fiscal accountability at a meeting on ‘transparency in commodity trading’ hosted by the Swiss State Secretariat for Economic Affairs (SECO) and the Extractive […]

“Promising Results” from new Well in Sirte Basin

By John Lee. The National Oil Corporation (NOC) and its subsidiary, the Arabian Gulf Oil Company (AGOCO), have announced what they describe as “promising test results” from appraisal well Y3-51 in the Sirte Basin, with a potential production capacity of nearly 8,500 oil barrels per day (bpd) and 1.82 million cubic feet of gas. The […]

Latest Oil Tenders

By John Lee. The National Oil Corporation (NOC) has advertised new tenders: Engineering, Procurement, Construction, Installation, and commissioning (EPIC) of Compression Module(s) project (Sabratha Platform), Mellitah Oil & Gas Test separators for Amal Station, Harouge Oil Operations (HOO) Gas Utilization Project at Bouri Field, Mellitah Oil & Gas (Source: National Oil Corporation) (Picture: Call for […]