Tag Archives | ConocoPhillips

GNA to examine Total-Marathon Deal

By John Lee. According to a report from Reuters, Libya is considering whether to intervene in Total‘s $450-million deal to buy Marathon Oil’s stake in the Waha oil field. Officials told the news agency that the National Oil Corporation (NOC) may be interested in buying the 16.33-percent stake, possibly with funds from Libya’s $67-billion sovereign wealth […]

Clashes hit Libya’s Crude Oil Output

By John Lee. According to a report from Bloomberg, Libya’s crude output has fallen 11 percent as clashes over the past 10 days have led to the closing of some oil export terminals. It claims that production is down from about 700,000 barrels per day (bpd) to around 620,000 bpd as Es Sider, the country’s […]

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 […]

Waha Oil to Rent Bulayla Tower

The Waha Oil Company is expected to finalise a LD 70-million, 10-year, lease agreement by the end of the month for the taller of the two Bulayla Towers in Tripoli, according to a report from Libya Herald. The 34-story building is owned by Datamon Company for Real Estate Investments, and comes with its own helicopter […]

NOC “Opens Books” to Oil Firms

Reuters reports that the National Oil Corporation (NOC) has opened its books to international oil firms to reassure them that payments for exported oil were not being used to fuel hostilities between rival factions. Among the companies that the NOC met last month were ConocoPhillips, Occidental Petroleum, Total, OMV, Eni and Statoil. The Tripoli-based company […]

Waha Oilfield Resumes Operations

Libya has resulted normal operations had resumed at Waha oilfield. A spokesman for the state-owned National Oil Corporation (NOC) told The Wall Street Journal, that operations resumed at the giant field on Monday. Waha, which normally produces 160,000 bpd, supplies crude to the Es Sider terminal, which restarted exports using stored oil last week. The […]

ConocoPhillips Output Hit by Libya Shutdown

ConocoPhillips has reported that its production from continuing operations for the third quarter of 2013 was 1,470 MBOED, flat compared with the third quarter of 2012; this was primarily due to new production from development programs and major projects, offset by normal field decline and the impact of the disruption in Libya. Adjusted for dispositions, […]

NOC Interested in Marathon Oil Stake

Libya’s National Oil Corporation (NOC) is interested in buying Marathon Oil‘s stake in the Waha Oil Company, reports Reuters. Oil and Gas Minister Dr. Abdulbari Alarusi [Al Arusi] (pictured) told a conference in London that Libya would discuss a potential deal with Marathon, although other firms were also interested. In the first quarter, production from Libya […]