Oil and Gas
24 articles
Libya and Oman Continue Energy Talks, but No Deal Is Public
Libya's Government of National Unity says talks with OQEP covered investment portfolios and possible cooperation under a June memorandum with the Libyan Investment Authority. No new project, funding commitment or final agreement has been publicly confirmed.
Sharara output tops 300,000 barrels per day, NOC chairman says
The National Oil Corporation chairman says Sharara has resumed output above 300,000 barrels per day. Libya is exempt from OPEC production quotas, but pipeline flows and terminal loadings will be needed to confirm that the restart is sustained.
UN warns Libya oil infrastructure attacks could trigger sanctions
The four-day disruption cost Libya an estimated 720,362 barrels of crude and about $95 million in direct losses. The UN warned that attacks on oil infrastructure could prompt Security Council measures. The National Oil Corporation says pumping has resumed.
Armed group shuts Libya's main oil pipeline, threatening exports
Libya's biggest oil field has slashed production after armed men closed a key pipeline valve. The move threatens crude exports and state income as oil prices surge. The National Oil Corporation warns it may declare force majeure if the shutdown drags on.
Repsol stock rises as Libya oil cut tests investor nerves
Repsol shares jumped 2.45 percent to EUR 30.54, even after a sharp production cut at Libya's El Sharara field. Investors are weighing strong first-half profits against fresh supply risks in North Africa.
Libya faces refinery shutdown as Zawiya blockade escalates
Libya's National Oil Corporation has lost access to the Zawiya refinery after security forces blocked entry and shut a key pipeline valve. The move threatens a full shutdown and possible force majeure, with direct fallout for the country's oil sector.
Armed group shuts Sharara oil pipeline to Zawiya port in Libya
Production at Libya's Sharara oilfield collapsed after an armed group closed a key pipeline valve to al-Zawiya port. The National Oil Corporation confirmed the stoppage, which comes after a series of attacks on Libya's energy sites.
Libya secures record oil premium in million-barrel sale to India
Libya has struck a deal to supply one million barrels of Sirte/Missla crude to Indian Oil Corporation at a premium of USD 23 per barrel over Brent-the highest since the Iran war-highlighting changing patterns in global oil sourcing.
Libya secures record oil premium in one million barrel deal with India
Libya has sold one million barrels of Sirte/Missla blend crude to Indian Oil Corp at a premium of US$ 23 per barrel above Brent, marking the highest premium since the Iran war and highlighting surging demand for Libyan heavy crude in global markets.
Libya restores oil output after temporary field shutdown
Libya's oil sector is back to normal after a brief shutdown at several fields, according to the National Oil Corporation. Production recovered quickly, highlighting both the sector's resilience and its ongoing security risks.
Libyan oil supply faces shutdown threat as NOC warns of force majeure
Libya's National Oil Corporation has halted production at key fields after a pipeline valve was forcibly closed by the Petroleum Facilities Guard. With further shutdowns threatened, the NOC is preparing to invoke force majeure, risking a new blow to Libya's oil-dependent economy.
Libya oil and gas revenues hit fifteen billion dollars in eight months
Libya's Ministry of Oil and Gas has disclosed that the country earned 15.2 billion dollars from oil and gas between January and August 2026. The figures reveal both the sector's dominance in state finances and the urgent need for infrastructure upgrades.
Libya seeks British energy technology to modernize oil and gas sector
Libya's National Oil Corporation is moving to secure advanced British and international technology for its oil and gas sector, aiming to accelerate production, modernise infrastructure, and build national expertise through direct cooperation with industry giants.
Harouge Oil Operations lifts output with new Amal Field well
Harouge Oil Operations has brought its B79A replacement well online at the Amal Field in Libya, adding 2000 barrels per day to production as part of a targeted 2026 capacity expansion. The move signals renewed momentum in Libya's oil sector.
NOC Engages US Universities to Boost Training and Streamline Deployment
Libya's National Oil Corporation has held a virtual meeting with leading US universities and the US Embassy to enhance the quality of its workforce training and simplify visa and deployment processes for technical staff.
Kulevi Oil Refinery Receives First Libyan Oil After Russian Supply Halt
Georgia's Kulevi oil refinery has received its first shipment of Libyan oil after halting Russian crude imports in response to EU sanctions. The move marks a shift in supply strategy, with the refinery now sourcing oil from Kazakhstan and Libya.
Oil Prices Fall Back as Brent and WTI Head for Weekly Losses
Oil prices declined on Friday, 28 August 2026, erasing part of the previous session's gains. Both Brent and WTI benchmarks are set to close the week lower, reflecting ongoing volatility and concerns over global demand.
NOC Commissions Advanced Oil Flow Measurement at Sidra Terminal
Libya's National Oil Corporation has launched a modern crude oil flow measurement system at the Sidra terminal, aiming to improve export accuracy and operational transparency in line with international standards.
Egypt contains oil spill after South Sinai pipeline leak
Egyptian authorities have contained a crude oil spill stretching three kilometres off Ras Badran near Abu Redis in South Sinai, after identifying and repairing a pipeline leak. Environmental monitoring and legal action are ongoing to assess damage and accountability.
NOC Chairman and US Advisor Discuss Oversight of Libya Oil Budget
National Oil Corporation Chairman Masoud Suleiman met with US State Department Senior Advisor Jeremy Berndt in Tripoli to discuss appointing an international consultancy to monitor NOC's budget, aiming to improve transparency and efficiency in Libya's oil sector.
Libya's NOC Signs Production-Sharing Deal with Chevron After 2025 Bidding
Libya's National Oil Corporation has signed a production-sharing agreement with Chevron, following the 2025 bidding round, aiming to boost oil and gas sector development, attract investment, and strengthen international partnerships.
Libya and ConocoPhillips Discuss Next-Phase Oil Investment in Stavanger
Libya's Minister of Oil and Gas Khalifa Abdel Sadig met with ConocoPhillips executives at the ONS 2026 Conference in Norway to advance investment plans, accelerate development of the Waha concessions, and support production growth in Libya's oil sector.
Algeria Hits Three-Year High in Natural Gas Production for 2026
Algeria has raised its natural gas output by 4.2% in the first half of 2026, reaching 54.01 billion m³-the highest level in three years-strengthening its role as a key supplier to Europe amid ongoing energy market pressures.
AGOCO and Baker Hughes Discuss Expanding Oilfield Technology Cooperation
Libya's Arabian Gulf Oil Company is exploring deeper collaboration with Baker Hughes to enhance oilfield services and deploy advanced digital technologies, aiming to strengthen operational capacity and technical standards in the Libyan energy sector.