|
03.07.25 - 07:36
|
Companies Compete in Libya′s Energy Exploration Tender (Bloomberg)
|
|
Chevron Corp. and TotalEnergies SE are competing in Libya's first energy exploration tender since the 2011 conflict, the country's state-run oil firm said. Eni SpA and Exxon Mobil Corp. are also among the 37 companies that have lodged interest, with contracts due to be signed with successful bidders by the end of 2025. Bloomberg's Anthony di Paola reports....
|
|
30.05.25 - 02:24
|
Libya At Risk Of Declaring Force Majeure On Oil Production After Militia Attacks (ZeroHedge)
|
|
Libya At Risk Of Declaring Force Majeure On Oil Production After Militia Attacks
Libya's eastern government has warned of potential disruptions to oil production and exports following an attack by a Tripoli-based militia on the state-owned National Oil Corporation's (NOC) headquarters. The threat of a force majeure declaration reintroduces the possibility of a geopolitical risk premium in Brent crude markets already contending with oversupply concerns.
"Repeated attacks" on the NOC and its affiliates may prompt "precautionary measures, including declaring force majeure on oil fields and terminals," or relocating the company's headquarters to a "safer city," Libya's eastern government said in a statement quoted by Bloomberg.
The crisis reflects deepening tensions between Libya's rival governments—one in the west led by Prime Minister Abdul Hamid Dbeibah and another in the east backed by military commander Khalifa Haftar.
Libya produces 1.3 million barr...
|
|
|
29.01.25 - 10:48
|
Oil Prices Decline As Libyan Supply Concerns Ease (AFX)
|
|
WASHINGTON (dpa-AFX) - Oil prices declined on Wednesday following two days of consecutive advances. Benchmark Brent crude futures fell 0.7 percent to $75.97 in European trade as concerns over disr......
|
|
|
|
|
|
|
12.11.24 - 18:39
|
OPEC Oil Production Jumps By 470,000 Bpd As Libyan Output Returns (ZeroHedge)
|
|
OPEC Oil Production Jumps By 470,000 Bpd As Libyan Output Returns
Authored by Tsvetana Paraskova via OilPrice.com,
The return of Libya's oil production to full capacity raised the total OPEC output by 466,000 barrels per day (bpd) in October from September, the cartel's monthly report showed on Tuesday, less than two months ahead of a planned reversal of part of the cuts.
Total crude oil production in all 12 OPEC members averaged 26.53 million bpd in October 2024, up by 466,000 bpd compared to September, according to secondary sources in OPEC's Monthly Oil Market Report published today.
Crude oil output increased mainly in Libya, Nigeria and Congo, while production in Iran, Iraq, and Kuwait decreased, OPEC said.
Libya saw a jump of 556,000 bpd in its production last month after the political impasse that had halted more than half of its output was resolved.
Libya had most of its output halted for the whole month of September, and its oil production was decimated after the country's two r...
|
|
|
|
|
|
|
|
|
|
|
|