OIL AND GAS

July 9, 2020

NOC says it is ready to lift force majeure at Es Sider oil port

Libya’s state National Oil Corporation (NOC) said today that it is ready to lift force majeure at its Es Sider oil port, allowing a tanker to load crude from storage.

It called on all Libyan parties to support"...

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July 8, 2020

ESDF’s Enma company discusses cooking gas cylinder refilling system with municipalities – orders for system received

A group of mayors representing the mountainous and southern regions and Tripoli discussed on Monday morning ways to solve the cooking gas supply crisis in particular and fuel shortages in general affecting their municipalities.

The"...

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July 8, 2020

Libya's NOC says oil blockade to halve oil output in coming years

Libya’s National Oil Corporation (NOC) said on Tuesday that a forced shutdown in production since January was expected to result in output dropping to 650,000 barrels per day (bpd) in 2022 from about 1.2 million bpd achieved at the start of 2020.

The"...

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July 7, 2020

Libya needs months to restore output: Sanalla

Libya's crude production will take months to return to near the 1.22mn b/d achieved prior to blockades that froze all of the country's onshore crude output in January, according to state-owned NOC chairman Mustafa Sanalla.

Argus"...

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July 5, 2020

NOC Chief: Decision to lift Libyan oil blockade in the hands of regional countries

The Head of the Libyan National Oil Corporation (NOC) Mustafa Sanallah said the decision to lift the blockade on Libyan oil seems to be awaiting an overseas call from regional countries that are taking advantage of the status quo in Libya.

Sanallah"...

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July 4, 2020

Lekoil, Shell Sign $3.5m Prepayment Facility Deal

Lekoil Oil and Gas Investments Limited has executed a prepayment facility agreement with Shell Western Supply and Trading Limited, SWST, a member of the Royal Dutch Shell group of companies.

This prepayment facility"...

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July 2, 2020

Libya's NOC confirms continuation of force majeure as it awaits lifting oil blockade

The Libyan National Oil Corporation (NOC) confirmed Wednesday in a statement the continuation of force majeure on Hariga, Brega, Zueitina, Es Sider and Ras Lanuf ports, following orders by Major General Nagi al-Moghrabi, commander of the Petroleum Facilities Guard (PFG) in the Eastern Region,"...

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July 2, 2020

Schlumberger Reports on Payments to Governments for the Year Ended 31 December 2019

Schlumberger Limited is providing the following disclosure pursuant to L. 225-102-3 of the French Commercial Code (“FCC”) , which requires disclosures of certain payments made by Schlumberger Limited and its consolidated subsidiaries (together, the “Company”) to"...

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July 1, 2020

Libyan state oil firm hopeful regional countries behind oil blockade will lift it

The Libyan National Oil Corporation (NOC) confirmed Monday there have been ongoing negotiations to resume oil production over the past several weeks with the between the GNA, NOC and regional countries, under the supervision of the UN and the US.

The"...

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July 1, 2020

Oil prices down as Libya escalates oversupply worries

Oil prices were down Tuesday, losing gains made during the previous session, as Libya prepares to restart crude oil exports while intensifying concerns over a possible rise in the glut of supply on the global market.

International"...

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