Archive | Oil & Gas

New Oil Tenders

By John Lee. The National Oil Corporation (NOC) has advertised new tenders: Tie-in of new drilled ESP well A4( Libba Station) at Amal field, Harouge Oil Operations Provision of  Civil Works at Wafa Onshore Field Airport, Mellitah Oil & Gas Company The construction of the laboratory building at Tobruk refinery, Arabian Gulf Oil Company (AGOCO) […]

Strike Delays Loading at Zawiya Oil Port

By John Lee. A strike by workers protesting over salaries at the oil port of Zawiya has reportedly delayed the loading of oil on Monday. The port exports crude oil from the giant El Sharara field. Sources told Reuters that negotiations were under way to resolve the dispute. (Source: Reuters)

Brega Refinery “Rocked” by Explosion

By John Lee. Platts reports that Marsa el-Brega refinery and oil export terminal was rocked by an explosion and fire in the early hours of Saturday. The extent of the damage was not immediately clear. According to the report, the explosion followed a gas leak at the methanol plant. The refinery can process around 10,000 […]

NOC Delegation to Visit Scotland

Mustafa Sanalla, Chairman of Libya’s National Oil Corporation (NOC), will visit Aberdeen from 8-9 May 2018, accompanied by the NOC Director of Training, the Chairmen of NOC oil and gas producing companies, and NOC Board members who studied in Scotland. The visit is organised by the Libyan British Business Council (LBBC), in association with Oil […]

Total buys Marathon’s Waha Oil Concession

Marathon Oil Corporation has announced it has signed and closed on the sale of its subsidiary, Marathon Oil Libya Limited, which holds the Company’s 16.33 percent non-operated interest in the Waha concessions in Libya, to a subsidiary of Total S.A. (Elf Aquitaine SAS) for cash consideration of $450 million. The divestiture represents a complete country […]

Sharara Oilfield Resumes Production; NOC to Sue

By John Lee. The National Oil Corporation (NOC) confirmed on Monday that production at the Sharara oil field has resumed following 24-hour suspension. The stoppage caused half a million barrels of production to be lost, at an estimated cost of $30 million. Hassan Mohamed al-Hadi, a landowner in the western Zintan area, told Reuters: “I […]

PetroChina “to buy Libyan Oil”

By John Lee. PetroChina has reportedly agreed an annual contract with Libya’s National Oil Corporation (NOC) to buy Libyan crude oil. Bloomberg cites sources as saying that this would be the company’s first contract with the NOC since 2013. (Source: Bloomberg)