Italy’s engineering, drilling, and construction services provider Saipem has secured a new contract worth approximately $1 billion for the development of a gas project off the coast of Libya. The contract is with Mellitah Oil & Gas Libyan Branch, a consortium formed by National Oil Corporation of Libya and Eni North Africa.
Browsing: Oil & Gas
Oil prices edged higher on Friday after the International Energy Agency forecast record global demand and tightening supplies, propelling prices to the seventh straight week of gains, the longest such streak since 2022, Reuters reported.
The feasibility of a renewable energy interconnector between Malta and Libya is currently being analysed after a memorandum of understanding was signed between the two countries, Maltese Energy Minister Miriam Dalli said on Monday.
The Libyan Oil Minister, Mohamed Aoun today had the first working meeting with the organizers of the Libya Energy and Economy Summit 2023 to inform them of upcoming initiatives in the energy sector.
Oil prices rose more than a dollar a barrel on Friday to record a sixth consecutive week of gains, after top producers Saudi Arabia and Russia extended supply cuts through September, adding to undersupply concerns, Reuters reported.
The Canadian government is reportedly trying to reclaim nearly $350 million in insurance paid to Suncor Energy Inc. in the wake of political unrest in Libya, according to Canadian network Global News.
Three of the biggest foreign energy companies operating in Libya have lifted force majeure and resumed exploration in the country’s oilfields, the National Oil Corporation (NOC) announced today.
The Spanish government has pledged support for the upcoming Libya Energy & Economic Summit 2023. Spanish Ambassador to Libya Javier…
Oil prices surged on Wednesday, trading near their highest levels since April, according to Reuters.
Tripoli, Libya – The National Oil Corporation (NOC) revealed on Tuesday that exploratory drilling by the Sirte Oil Company in…