Tag Archives | BP

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 […]

‘Global interest in Libya Oil & Gas’ – NOC Chairman

Global Summits Organiser, IRN, recently held the 4th New Libya Oil & Gas Forum at the Tower Hotel in London on 19-21st October 2015. Hosted with the exclusive support of the National Oil Corporation (NOC Libya), the high-level meeting attracted more than 200 international oil and gas companies as well as a high level Libyan […]

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NOC Chairman Meets with IOCs

During the 4th New Libya Oil & Gas Forum 2015, organised by IRN, which held in recently in London, NOC Chairman Mr. Mustafa Sanalla held a series of meetings with the heads and managers of the international oil companies BP, TOTAL, Wintershall, Repsol, RWE, Marathon, Statoil, Conoco Phillips, Solar, Schlumberger, and KBC. The heads of […]

Tripoli Courts Oil Majors

The Tripoli-based National Oil Corporation (NOC) held a series of meetings with a group of global refineries in the Mediterranean area and with a major oil companies last week in London. The first meeting was with BP, followed by meetings with more than 20 partners, customers, Libyan crude refiners and fuel suppliers. According to a […]

BP takes $600m Hit on Libya Operations

In its results for the second quarter of 2015, BP announced that its ‘Upstream’ segment incurred around $600 million of exploration write-offs and other costs related to the company’s activities in Libya. BP said the losses were “primarily due to circumstances in the country“. Last year, the company dropped plans to explore in the Ghadames […]

BP Drops Onshore Exploration Plans

BP has dropped plans to explore in Libya’s Ghadames basin because of security concerns. In its annual report, the company issued the following statement: “In Libya, BP is in partnership with the Libyan Investment Authority (LIA) to explore acreage in the onshore Ghadames and offshore Sirt basins, covered under the exploration and production-sharing agreement (EPSA) […]

BP to “Give Up Control” of Libya Project

BP is reported to be in talks to relinquish control of a major oil and natural-gas project in Libya. The Wall Street Journal says the company is negotiating a deal with the National Oil Corporation (NOC) to transfer a stake in its two Ghadames blocks to the NOC subsidiary Arabian Gulf Oil Company (AGOCO), and […]