Tag Archives | Total

NOC Lifts Force Majeure at Al Sharara Field

By John Lee. The National Oil Corporation (NOC) has announced that it has reached what it describes as an 'honor agreement', under which the Petroleum Facilities Guards (PFGs) "abides by ending the entire obstacles that face Al Sharara Field in a way that guarantees there will be no security breaches and in a way that […]

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 […]

NOC, Repsol Consortium provide Obari with 20 Classrooms

The National Oil Corporation (NOC) in cooperation with the Repsol Consortium, a group of its international partners comprising Repsol, OMV, Total and Equinor, has provided the municipality of Obari with 20 equipped classrooms on November 12, 2019. These classrooms were distributed to four different schools - Al-Qaradabiya School, Al-Disa School, Uqba ibn Nafi School and […]

Foreign Firms in process of Renewing Libya Licences

By John Lee. A number of foreign firms have reportedly started work on renewing their licences to operate in Libya. According to Reuters, the Economy Ministry suspended 40 foreign firms in May on the grounds that their licenses had expired, before granting a grace period of three months to seek new ones. Tripoli-based economy minister […]

Tripoli Govt "Threatens to Suspend" 40 Foreign firms

By John Lee. The Tripoli-based Government of National Accord (GNA) has reportedly asked 40 foreign firms to renew their licences or have their operations suspended. According to Reuters, the companies, including Total of France, have three months to renew their licences. The decree from the Ministry of Economy and Industry was issued while GNA Prime […]

$20m Fund to Support Communities near Oilfields

By John Lee. The National Oil Corporation (NOC) and a group of international partners made up of Repsol, OMV, Total, and Equinor, known as the ’Repsol Consortium’, have signed a 20-million USD agreement to support a series of sustainable development projects essential for residents adjacent to sites operated by NOC subsidiary Akakus. The 20-million USD […]

New Initiative to Enhance Security in Libya’s Oil Sector

The National Oil Corporation (NOC) is implementing new measures to enhance industrial security in Libya’s oil sector, following a meeting between security directors from NOC and ten international oil companies (IOCs). Among those attending the meeting were directors of NOC industrial security departments, Zulaf Libya Company, and IOC’s including OMV, Schlumberger, Repsol, Wintershall, the Polish […]