Tag Archives | Marathon

Total to Invest $650m in Waha Field

By John Lee. Tbe National Oil Corporation (NOC) has announced its approval of Total’s acquisition of Marathon Oil Libya Limited (MOLL)'s stake in the Waha concessions, which represents 16.33 percent of the concessions. According to NOC, Total has committed to invest 650 million USD to the development of the Waha concessions and to ramp up […]

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 […]