Tag Archives | BP

BP to resume operations in Libya

BP is to resume exploration activities in Libya that it suspended because of last year’s uprising, re-starting a relationship which under ousted Libyan leader Muammar Gaddafi landed the firm in the centre of a political storm. BP’s return is a milestone in the recovery of Libya’s energy sector, though this was tempered by an announcement […]

BP to resume oil exploration in Libya

BP says it will resume oil exploration in Libya after suspending operations there earlier due to the violent uprising that ousted Moammar Gadhafi. The oil company said Tuesday it has lifted its “force majeure” declaration that had been in place since Feb. 21. The term is used when an oil company cannot cover the promised […]

Shell To Exit Libyan Oil, Gas Blocks

Royal Dutch Shell PLC on Monday said it was exiting its Libyan exploration blocks amid insecurity and harsh contracts, the first such move since Gadhafi’s overthrow. The Anglo-Dutch giant insisted it was still interested in the country, which holds Africa’s largest oil reserves. But the move casts a cloud on Libya’s oil recovery as Shell had […]

Libya talks up local workforce

As Libya’s production levels grow closer to pre-conflict levels, the country’s refining operations are coming back online with or without the help and guidance of foreign partners. As international firms have continued to weigh costs, benefits and risks of returning to Libya at pre-conflict levels, the country’s Transitional National Council (TNC) and energy sector are […]

BP, Shell Preparing for Resumption of Libyan Oil Exploration

BP Plc and Royal Dutch Shell Plc, Europe’s biggest oil companies, aim to resume exploration in Libya, whose new government seeks to stabilize relations with foreign companies following the ouster of Muammar Qaddafi. BP Chief Executive Officer Robert Dudley and Shell CEO Peter Voser said yesterday in Doha, Qatar, they’re evaluating resumption of drilling at […]

BP, Shell Plan to Resume Exploration, Boost Production in Libya

BP Plc and Royal Dutch Shell Plc, Europe’s biggest oil companies, aim to resume exploration in Libya, whose new government seeks to stabilize relations with foreign companies following the ouster of Muammar Qaddafi. Both companies are evaluating whether to resume drilling at wells begun in the North African state before the outbreak of hostilities at […]

Libya’s NTC sets up committee to probe oil graft

Libya’s National Transitional Council has set up a committee to investigate corruption in the oil sector during the rule of Muammar Gaddafi, a member of the committee told Reuters on Sunday. A wide-reaching probe of oil deals could lead to a re-allocation of lucrative contracts awarded to foreign oil majors under Gaddafi, disrupting the companies’ […]

BP plans return to Libya oil exploration

BP Plc said on Tuesday it wanted to return to Libya and resume oil and gas exploration work, which it halted earlier this year due to the uprising against Muammar Gaddafi’s rule. London-based BP has no oil and gas production in Libya and in February was preparing for the start of exploratory drilling in western […]

Tags: ,