Libya plans to boost its oil refining capacity and production, while fellow OPEC member Kuwait also aims to significantly ...

PM Abdulhamid Al-Dbeibeh says up to $4 billion will be needed to meet objective after years of falling output amid ongoing ...

Frequent shutdowns of oil fields and export terminals due to political disputes, armed clashes, and protests have hampered Libya's production and export capacity. In 2010, before the civil war ...

Nabors Industries Ltd. NBR recently announced the addition of a third drilling rig to the Waha oil field in Libya’s Sirte Basin. The company also mentioned that the new rig will commence operations in ...

Khalifa Abdulsadek, Libya’s acting oil minister, has stated that the country needs between $3 and $4 billion to boost oil production to its pre-2011 level of 1.6 million barrels per day (bpd).

The energy giant is spending nearly $50 billion to expand the Tengiz oil field, allowing it to pump one million barrels a day. By Stanley Reed Chevron said Friday that it had completed an ...

Ahead of Libya’s first bid round in over a decade, Tripoli lost its national oil company (NOC) chairman this month, signaling uncertainty to investors. Farhat Bengdara's departure comes amid deepening ...

Libya sees Türkiye as a strategic partner in the energy sector ... We want to make use of those things and have Türkiye as strategic partners in all energy sectors," Libyan Oil and Gas Minister ...

The Arabian Gulf Oil Company (AGOCO) announced on Tuesday the completion of drilling the D2-NC4 well in the NC4 concession area in the northern Ghadames Basin, with a dai Welcome to The Libya Observer ...

Libya’s National Oil Corporation (NOC) and international energy companies TotalEnergies, Eni, OMV, Repsol and Nabors outlined key exploration milestones and strategies to advance oil and gas ...

and ranks third among companies operating in its field on the African continent. The company changed its name from Oil Libya to Ola Energy in 2018, as part of a plan to modernize its presence in ...

The shadowy mass, known as the Haruj volcanic field, covers around 17,000 square miles (44,000 square kilometers) in central Libya and contains roughly 150 extinct volcanoes, ranging from small ...