Archive | Oil & Gas

Latest Oil Tenders

By John Lee. The National Oil Corporation (NOC) has advertised new tenders: Travel services, Operation and Maintenance Services, Mellitah Oil & Gas Production separators at Nafoora field project , Arabian Gulf Oil Company (AGOCO) Water disposal and injection system for the Sarir oil field, Arabian Gulf Oil Company (AGOCO) Construction of field accommodation blocks at […]

NOC, French Ambassador discuss Oil Security

National Oil Corporation (NOC) chairman, Mustafa Sanalla, received Her Excellency Béatrice le Fraper du Hellen, French Ambassador to Libya, and an accompanying delegation, on January 17, 2019, at NOC’s Tripoli headquarters to discuss the importance of oil sector stability and non-interference in NOC operations. Parties discussed areas of joint cooperation and the enhancement of commercial […]

Libya: the Battle for Peace in a Failing State

From the Financial Times: As international attention intensifies on Libya amid longstanding concerns about the flow of migrants to Europe and the risk that Isis fighters being forced out of Syria will seek to exploit the chaos, the UN is leading a fresh drive to bring stability to the Opec member. It has set an […]

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 […]

Additional Capacity Added at Faregh Oilfield

By John Lee. Waha Oil Company (WOC), a subsidiary of the National Oil Corporation (NOC), has completed preparations on another horizontal well in the Faregh oil field ahead of the planned start of second-phase experimental gas production by the end of the first quarter of 2019. Initial tests indicate that the B B-14-59 well is […]

Latest Oil Tenders

By John Lee. The National Oil Corporation (NOC) has advertised new tenders: Water desalination plant, Operation and Maintenance Services, Eni Environmental Baseline Survey Nafoora Augila, Arabian Gulf Oil Company (AGOCO) Restore Exposed Pipelines and Fiber Optic, Cathodic protection, Mellitah Oil & Gas (Source: National Oil Corporation) (Picture: Call for tender written on a folder, from […]

Libya “Plans to more than Double Oil Output”

By John Lee. Libya reportedly plans to more than double its oil production by 2021. According to Reuters, National Oil Company (NOC) chairman Mustafa Sanalla told a news conference that output would reach 2.1 million barrels per day (bpd) if security and stability are strengthened. Current output is around 953,000 bpd, less than its pre-civil […]

NOC Records Highest Annual Revenue since 2013

The National Oil Corporation (NOC) recorded an average production of 1.107 million barrels per day in 2018 and total revenues of 24.4 billion USD – a five year high and 78% year-on-year increase. NOC chairman, Eng. Mustafa Sanalla presented the 2018 financial data and NOC subsidiary plans for the coming year during a press conference […]