Browsing: Oil & Gas

Libya’s National Oil Corporation (NOC) announced yesterday that in the first of its kind for Libya, a ‘‘turnkey contract’’ to drill three wells has been signed between the NOC’s National Well Drilling Company (NWD) and US-based Schlumberger.

The Arabian Gulf Oil Company (AGOCO), a subsidiary of Libya’s National Oil Corporation, has stopped two leaks in the flow line linking the block station and the main pumping station in the Al-Bayda oil field, and another leak in the main line linking the Masala-Al-Sarir fields.

Italian oil company Eni signed a memorandum of understanding on Wedesnday with Libya with the aim of “studying and identifying opportunities to reduce greenhouse gas emissions and develop sustainable energy in the country, in line with Eni’s strategy and with the Libyan government’s objectives to accelerate decarbonisation and energy transition processes,” according to a press release by Eni.