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. Advertisements

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Africa Oil & Gas: “The never-ending battle for Libya’s Oil Crescent” – GRI reports

Africa Oil & Gas: “The never-ending battle for Libya’s Oil Crescent” – GRI reports

The recent turmoil in Libya’s Oil Crescent – a region which stretches along the coast from Sirte to Ras Lanuf, and which extends down to the Jufra district – has underscored the competition for the control of state revenues, as Field Marshal Khalifa Haftar’s Libya National Army (LNA) has intensified its attempts to seize key national institutions ahead of the December 2018 presidential elections.

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Africa Oil & Gas: Libya Declares Force Majeure On Another Oil Port

Just a few days after Libya reopened its eastern oil ports and started to ramp up production that had been offline for weeks, the National Oil Corporation (NOC) declared force majeure on crude oil loadings at the Zawiya port in the west, following a weekend attack and abduction of oil workers at the Sharara oil field that had cut production at the site to 125,000 bpd.

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