Oil prices fell by more than $1 a barrel on Wednesday as the Group of Seven (G7) nations looked at a price cap on Russian oil above where the crude grade is currently trading, according to Reuters.
Browsing: Oil & Gas
TotalEnergies has completed the joint acquisition with ConocoPhillips of the 8.16% interest held by Hess in the Waha concessions, in Libya. As a result of this transaction, TotalEnergies’ interest in these concessions is increased from 16.33% to 20.41%.
Libya was ranked first among African oil producers for the month of October, with its daily production growing by about 6 thousand barrels per day to around to 1.163 million barrels of oil per day, according to the Organization of the Petroleum Exporting Countries (OPEC).
The Libyan National Oil Corporation (NOC) reviewed in a meeting with officials of Eni, Italian energy company, the lifting of force majeure and the resumption of the company’s exploration activity in Libya, according to NOC.
Greek Foreign Minister Nikos Dendias said his country is looking forward to an agreement to demarcate exclusive economic zones with…
Turkish Foreign Minister Mevlut Cavusoglu admitted that the maritime memorandum with Libya “is not an international agreement, because the UN-backed…
A gas pipeline connecting Libya to Greece is “useless”, according to the Ministry of Oil and Gas of the Libyan Government of National Unity, led by Prime Minister Abdul Hamid Dbeibeh.
Turkish Energy Minister Fatih Donmez confirmed that “the Turkish-Libyan memorandum opened new horizons for Ankara, to become a partial supplier…
The Arabian Gulf Oil Company (AGOCO) announced the completion of the operation of the “G318” well in the fifth station of the Nafoura oil field, located between Jallo and Ajkhara in the southeastern Libya, and put it on production.
Oil prices slipped on Wednesday after industry data showed that U.S. crude stockpiles rose more than expected and on concerns that a rebound in COVID-19 cases in top importer China would hurt fuel demand, Reuters reported.