OIL AND GAS

September 26, 2018

Are $80 Brent And $3 NatGas Heralding The New Age Of Energy Prices?

Bent crude’s spike above $80 a barrel and natural gas's rally beyond the key $3 level are prompting Wall Street bankers and traders to ask whether the new age of high energy prices could be arriving faster than expected. For more than three years, the surfeit of oil from US shale"...

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September 26, 2018

ADNOC hosts business partner reception in Singapore

WAM) -- On the sidelines of the 34rd Asia Pacific Petroleum Conference, APPEC, taking place in Singapore, ADNOC hosted its annual business partner reception, where more than 600 existing and potential customers learned more about the company’s growth and development as well as the"...

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September 25, 2018

Libya’s oil production highest since 2013, NOC chief says

Libya’s oil production climbed to the highest since 2013 and can go even higher if security at the nation’s energy facilities can be improved, according to the chairman of the state-run National Oil Corporation.

Output"...

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September 24, 2018

Chairman of NOC warns situation in Tripoli oil depot is catastrophic

The Chairman of the National Oil CorporationNOC, Mustafa Sanallah, warned that the situation in the Brega depots is dangerous, urging the parties of the conflict to cease hostilities immediately.

He"...

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September 24, 2018

Libya Says Its Oil Output at Most Since 2013 Can Go Even Higher

Libya’s oil production climbed to the highest since 2013 and can go even higher if security at the nation’s energy facilities can be improved, according to the chairman of the state-run National Oil Corp.

Output"...

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September 23, 2018

Libya's AGOCO resumes 3,000 bpd production at abandoned well in Messla

Libya’s National Oil Corporation (NOC) said on Saturday its subsidiary the Arabian Gulf Oil Company (AGOCO) had restored production at 3,000 barrels of oil per day (bpd) at an abandoned well in the eastern Messla field.

After"...

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September 22, 2018

After NOC names perpetrators, PFG abandons its extortion closure of Wafa oilfield airport

The Petroleum Facilities Guards (PFG), the state-aligned security body entrusted with guarding Libya’s oil facilities, abandoned its closure of the Wafa oilfield’s airport yesterday.

The National Oil"...

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September 20, 2018

JPMorgan faces $6 million bribe allegation from Libyan oil fund

The Libyan Investment Authority sued JPMorgan Chase & Co. in London, saying the lender paid more than $6 million in bribes to secure a $200 million bond deal.

JPMorgan’s Bear Stearns sent the payments"...

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September 20, 2018

NOC expresses satisfaction on new economic recommendations of Security Council

The National Oil Corporation (NOC) has welcomed the report of UN Panel of Experts on Libya.

In its statement, the NOC stated its full support for the panel's recommendations on the need to end what it described"...

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September 20, 2018

Libya resumes crude oil exports to US

Libya resumed crude oil exports to the United States in September after a halt last month amid earlier port closures, Reuters data showed Monday.

According to the data, four tankers carrying a total of 2.1 million"...

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