Tag Archives | National Oil Corporation (NOC)

Wintershall Invests in New Libyan Pipeline

Wintershall, the wholly-owned subsidiary of Germany’s BASF, is sending a clear signal of its commitment to building a New Libya: together with the Libyan National Oil Corporation (NOC), Germany’s largest, internationally active crude oil and natural gas producer is building a new pipeline which will connect oil production from the Wintershall concession C96 and the […]

Libya’s Hydrocarbon Wealth

While Libya may have its problems, it has the great fortune to be sitting on a wealth of oil and gas to support its development. The country is currently producing around 1.6 million barrels a day of oil, and expects to increase this by 30,000-40,000 bpd by early 2013, when repairs to a pipeline in […]

Offshore Opportunities for Chinese Company

Libya Herald reports that the newly-appointed agent for Yuandong International, the Chinese dredging and salvage company, already in talks with the National Oil Corporation (NOC) and other oil companies about offshore work. Mohamed Douas, CEO of M&M Shipping, told the news agency: “Yuandong is well placed and ready to play an active role in the […]

Libyana to Supply NOC with Mobile Telecoms

Libya’s National Oil Corporation (NOC) has signed an agreement on Sunday with the  Libyana mobile phone company under which Libyana will supply mobile telecommunications services for workers and oilfield sites operating in the Sahara. The Managing Director of Libyana, Salah Al-Mukhtar, said that this agreement is an important step for the country’s second largest mobile […]

POGC to Lift Libyan Force Majeure Clause

The Polish Oil and Gas Company (PGNiG) has said it is close to lifting the force majeure clause on its Libyan operations. It issued the following statement this morning: Libya, a nation with an estimated 47 billion barrels of proven oil reserves has witnessed operations come to a standstill for 18 months due to the Arab […]

Fire at Amal Oilfield ‘Under Control’

Libya’s National Oil Corporation (NOC) said on Wednesday that it has brought a fire at the Amal field in the eastern Sirte basin under control. Rigzone reports that the fire at the 35,000 bpd field broke out on Tuesday, and that crude output is still halted. The blaze, which injured four people, was caused by […]

AGOCO Reports New Oil & Gas Discovery

The Arabian Gulf Oil Company (AGOCO), a wholly owned subsidiary of Libya’s National Oil Corporation (NOC), has reported that it has drilled the F1-NC4 new field wildcat well to a total depth of 10,300 feet. The well, located in Ghadames Basin approximately 150 km Southwest of Tripoli City, had oil and gas flows as follows: […]