Tag Archives | BP

Glencore “Loses Exclusive Rights” to Sarir & Messla Oil

By John Lee. Glencore has reportedly lost its exclusive marketing rights for the Sarir and Messla oil export grades. Sources told Reuters that since the end of 2018 anyone can buy these grades, and that both Shell and BP have taken some. The Switzerland-based commodities giant originally won the rights to in late 2015, when […]

Bahr Essalam Phase 2 to be Completed by end-2018

National Oil Corporation (NOC) chairman, Eng. Mustafa Sanalla, met with the CEO of Italian oil major Eni, Claudio Descalzi, at NOC headquarters on November 3, 2018, to discuss ongoing in-country operations, including plans for the seven remaining wells at the offshore Bahr Essalam Phase 2 project – expected to complete by the end of 2018. […]

Eni, BP, NOC sign Deal to Resume Libyan Exploration

National Oil Corporation (NOC) Chairman, Mustafa Sanalla, BP Group Chief Executive, Bob Dudley, and Eni CEO, Claudio Descalzi, signed a Letter of Intent (LOI) in London today which will launch the process for Eni to acquire a 42.5% stake in BP’s Exploration and Production Sharing Agreement (EPSA) in Libya, with an aim to boost in-country […]

Sanalla discusses Investment Opportunities with leading IOCs

As part of the inaugural Libyan-European oil and gas summit held in Vienna last week, Libya’s National Oil Corporation (NOC) chairman Mustafa Sanalla met with representatives from leading oil and gas companies. He was accompanied by NOC Board member Abulgasem Shengheer, and the heads and specialists of a number of NOC affiliated companies. Individual meetings […]

BP, ENI discuss Resumption of Exploration in Libya

By John Lee. The Chairman of the National Oil Corporation (NOC), Mustafa Sanalla, discussed the importance of the resumption of exploration activities in Libya with BP and ENI on 25th April. The meeting was attended by Andrew McAuslan, BP Head of Business Development Upstream; Roy Lavery, BP Managing Counsel Exploration and Access Legal; Ciro Pagano, […]

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 […]

Sanalla meets with BP

By John Lee. The chairman of the National Oil Corporation (NOC) has met with BP in London to discuss the possible resumption of operations in Libya. Mustafa Sanalla discussed the situation with Hisham Mekawai [Hesham Mekawi], the Regional CEO of BP, and Jasper Bigi [Jasper Pejis], Executive Vice President for upstream Africa region. The company […]

NOC Continues Meetings with Energy Cos

By John Lee. The head the National Oil Corporation (NOC) is continuing his series of meetings with major oil companies, as it attempts to “mitigate the effects of the current circumstances” on the oil industry. Over the past week Mustafa Sanallah has met with companies including Total, Eni, Statoil, BP, Medco, Sipex (Sonatrach International Production and […]