Africa Oil & Gas: Libya’s Bahr Essalam Phase 2 project to complete by end of 2018

Africa Oil & Gas: Libya’s Bahr Essalam Phase 2 project to complete by end of 2018

Libya’s National Oil Corporation (NOC) chairman, Eng. Mustafa Sanalla, met with the CEO of Italian oil major Eni, Claudio Descalzi, at NOC headquarters on November 3, 2018, to discuss ongoing in-country operations, including plans for the seven remaining wells at the offshore Bahr Essalam Phase 2 project – expected to complete by the end of 2018.

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Global Markets: OPEC Output Climbs to Highest Since 2016 on Saudi and Libyan Gains

Global Markets: OPEC Output Climbs to Highest Since 2016 on Saudi and Libyan Gains

OPEC’s crude production climbed to the highest level since 2016 as increases by Saudi Arabia and Libya offset losses stemming from impending U.S. sanctions on Iran. The group’s 15 members boosted output by 430,000 barrels a day to 33.33 million a day in October, according to a Bloomberg survey of officials, analysts and ship-tracking data. That’s the highest since November 2016, just before the Organization of Petroleum Exporting Countries implemented production cuts to clear a…

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Africa Oil & Gas: Libya Seeks Reconciliation With Oil Conference

Africa Oil & Gas: Libya Seeks Reconciliation With Oil Conference

Libya held on Wednesday an oil and gas forum in the eastern city of Benghazi, where its state owned National Oil Corporation (NOC) ”reached out to a region home to a parallel government backing a rival oil firm”, according to Reuters.

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Africa Oil & Gas: Eni acquires half of BP’s Libya oil and gas license

Africa Oil & Gas: Eni acquires half of BP’s Libya oil and gas license

Italian oil major Eni on Monday signed an accord with BP and Libyan officials under which Eni will get a 42.5% interest in an exploration and operation sharing agreement in the North African country, as well as become operator of an area where exploratory activities were suspended four years ago.

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