Tag Archives | Waha Oil

Total buys Marathon's Waha Oil Concession

Marathon Oil Corporation has announced it has signed and closed on the sale of its subsidiary, Marathon Oil Libya Limited, which holds the Company’s 16.33 percent non-operated interest in the Waha concessions in Libya, to a subsidiary of Total S.A. (Elf Aquitaine SAS) for cash consideration of $450 million. The divestiture represents a complete country […]

‘Global interest in Libya Oil & Gas’ – NOC Chairman

Global Summits Organiser, IRN, recently held the 4th New Libya Oil & Gas Forum at the Tower Hotel in London on 19-21st October 2015. Hosted with the exclusive support of the National Oil Corporation (NOC Libya), the high-level meeting attracted more than 200 international oil and gas companies as well as a high level Libyan […]

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Marathon Considers Selling Libya Oil Stake

The Wall Street Journal reports that Marathon Oil has notified Libya's National Oil Corporation (NOC) that it is considering selling its stake in Waha Oil, Libya's largest foreign-oil partnership. One Libyan oil official said the company's 16.3 percent stake in the field could fetch $2 billion to $3 billion. ConocoPhillips holds another 16.3 percent, Hess Corp. […]

Waha Oil Awards Contracts to Zulal Water

Zulal Water Technology (ZWT) has announced that it had been awarded a contract by Waha Oil Company to provide three turnkey R.O Water plants at Waha’s Gialo, Waha and Essider [Es Sider] oil camps. Waha Oil is one of Libya’s largest oil producers, and the award follows a competitive tender process undertaken to find a […]

Armed Clashes at Waha Oil Field

Reuters reports that armed clashes broke out at Waha Oil's Dahra oil field on Monday, when a militia attacked the security forces guarding it. A source at the company said militia had fired at men working for the oil protection force guarding the field. He said the company was taking steps to move workers from the […]

Waha Oil Pre-Qual for Large Firefighting Trucks

The Waha Oil Company (WOC), Tripoli, announces for general bidding a tender to purchase nine (9) large firefighting trucks to be used in the oil fields as per below preliminary specifications. Therefore, all local and international specialized companies who are interested to participate in the prequalification of bidders are requested to fill in the attached […]

Air Libya to Double Fleet Size

Air Libya is to almost double its fleet size in the coming weeks, according to Libya Herald. Mohamed Elobeid, Air Libya’s vice president, said that until recently Air Libya had four aircraft, three of which have been providing a dedicated service to Waha Oil for almost a year. The fourth was used as a charter […]

Hess Profit Doubles due to Libya

Quarterly profit at Hess Corporation has nearly doubled, largely due to the company's resumed operations in Libya. Hess's Waha operations in Libya added 23,000 bpd to output, compared to no production in Libya in the same period last year due to civil unrest.

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