Oil prices recorded a jump in the global market, crossing the threshold of $100 a barrel on Thursday, for the first time in 7 years, after Russia announced the launch of a military operation in Ukraine.
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Browsing: Oil & Gas
Zueitina Oil Company said Wednesday that al-Sabah oil field was subjected to acts of sabotage and looting.
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Libya’s state-owned National Oil Corporation (NOC) on Monday announced the opening of the Tahara oilfield operated by Arabian Gulf Oil Co (AGOCO) in the Hamada area.
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The Libyan National Oil Corporation (NOC) praised the measures taken by the Attorney General regarding encroachment on the coastal gas pipeline.
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Oil regained some of its more than 2 percent decline in Asian markets on Thursday, weighed by the continuing situation in Ukraine.
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Oil workers threaten to shut down production at an oil export terminal in eastern Libya by the end of February, Argus reported on Tuesday, quoting a shipping source.
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Libya’s Oil Minister Mohamed Aoun has accused the National Oil Corporation (NOC) of deliberate disruption of the wireless communications in his ministry, according to a leaked document.
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Oil prices were steady on Monday after hitting their highest in more than seven years on fears that a possible invasion of Ukraine by Russia could trigger U.S. and European sanctions that would disrupt exports from one of the world’s top oil producers.
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The General Electricity Company of Libya (GECOL) has warned the residents of the western town of Khoms to expect more hours of power cuts after the town’s power plant lost 400 megawatts due to low gas pressure.
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Libya’s National Oil Corporation (NOC) and British Petroleum (BP) have agreed to resume exploration activities in line with a 2018 deal between the two companies and Italy’s ENI, the Libyan company said on Friday.
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