Browsing: Oil & Gas

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.

Libyan Oil Minister Mohamed Aoun, and his Algerian counterpart Mohamed Arkab, discuss the return of Algerian energy companies to work in Libya, during a meeting between the two on the sidelines of the meeting of oil ministers of the member states of the Organization of the Petroleum Exporting Countries (OPEC), which was held on Saturday 3 June at OPEC’s headquarters in Austria.

Gas flows from Libya to Italy have resumed after an interruption that lasted about two weeks due to a vast restructuring of the Mellitah plants, located on the North African coast.

Mellitah Oil & Gas , an operating company jointly owned by the Italian Eni and the Libyan National Oil Corporation, has drilled the B4-49 well, in the Bouri offshore field, 120 kilometers north of the Libyan coast in the Mediterranean Sea, with the aim to produce oil and gas with a production capacity of 1,800 barrels of oil per day.