Tag Archives | National Oil Corporation (NOC)

NOC, Petrofac discuss Erawin Construction Opportunity

By John Lee. On Wednesday, October 9, 2019, a delegation from the National Oil Corporation (NOC) met Petrofac representatives at the company’s London headquarters. In a wide-ranging discussion, NOC introduced its plan to increase Libyan production rates and fast-track infrastructure development at sites administered by the Corporation. The two parties reviewed plans to develop Erawin […]

Latest Oil Tenders

By John Lee. The National Oil Corporation (NOC) has advertised new tenders: Replace MCC & generator protection & control panels of gas turbines at Messla field, Arabian Gulf Oil Company (AGOCO) Replacement of trunk line between satellite 13 and GOSP NC8 Hamada field, Arabian Gulf Oil Company (AGOCO) Construction of field accommodation blocks at Sarir […]

NOC, Equinor, Suncor discuss Plans for Production Increases

By John Lee. Mustafa Sanalla, Chairman of the National Oil Corporation (NOC), conducted a series of meetings in London to discuss recent oil and gas sector developments in Libya. Mr. Sanalla met with Mr. Joe Smargiassi, General Manager of Suncor Libya, to examine mechanisms to enhance cooperation. They focused on the activation of a Joint […]

An Update on US Involvement in Libya

Ambassador Richard Norland’s First 60 Days – An Update on U.S. Involvement in International Efforts Aimed at Peace in Libya In recent months, the United States has redoubled efforts to end the fighting and support UN initiatives led by UN SRSG Ghassan Salamé to achieve a negotiated political solution to the crisis in Libya. In […]

Gazprom aiming to Resume Operations in Libya

By John Lee. A senior National Oil Corporation (NOC) delegation attended Russian Energy Week and the Ministerial Meeting of Gas Exporting Countries Forum (GECF) in Moscow, on the sidelines of Russian Energy Week, where it explored commercial opportunities with international energy partners. The NOC delegation held informal talks with Russian energy company Gazprom, agreeing to […]

Tatneft Continues Exploration in Libya

By John Lee. In a meeting during Russian Energy Week, the General Director of Tatneft told a delegation from Libya’s National Oil Corporation (NOC) of its readiness to return to Libya in the coming weeks to complete the remainder of the contracted work. The company signed four exploration and production sharing agreements in Ghadames and […]

NOC warns of Sharp Decline in Oil Production

By John Lee. The National Oil Corporation (NOC) has warned that Libyan oil production may fall precipitously over the next nine months if the government continues to withhold already approved budgets. NOC recorded August 2019 revenues of approximately 2 billion USD, a decrease of 117 million USD (5%) compared with July, and an increase of […]

Zueitina Gas Plant Closed for Maintenance

By John Lee. The National Oil Corporation (NOC) has announced that the gas plant at the port of Zueitina is closed for scheduled maintenance from October 7th to 14th. Production at the Faregh oil field will be suspended during this period, resulting in about 15,000 barrels of oil per day and about 70 million cubic […]