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"...
Read More >>July 8, 2020
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"...
Read More >>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"...
Read More >>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"...
Read More >>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"...
Read More >>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"...
Read More >>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,"...
Read More >>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"...
Read More >>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"...
Read More >>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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