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.
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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…
Tatneft has drilled exploration wells in Libya and the flow rate from some of them is good, Deputy CEO of the Russian oil producer Nurislam Syubaev told Russian state-owned news agency TASS on the sidelines of the Russia-Africa summit.
Oil prices rose on Friday and notched a fifth straight week of gains as investors were optimistic that healthy demand and supply cuts will keep prices buoyant, according to Reuters.
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.
Tripoli – Libya’s oil production showed signs of further recovery, according to figures released by the National Oil Corporation (NOC)…