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LIBYA: NOC Reports Lowest Crude Oil & Gas Sales Revenue in 2020

The National Oil Corporation (NOC) reported crude oil, *gas (propane and butane)* and condensates export revenues of US$45.5 million for June, the lowest recorded this year down from US$87.7 million … Read More

LIBYA: NOC Warns Potential for Military Escalation Following Deployment of Foreign Mercenaries at Oil Installations

Libya’s National Oil Corporation has said it is deeply concerned at reports of the increasing likelihood of an intensification of the military conflict, potentially extending to oil and gas facilities. … Read More

LIBYA: NOC Hopeful Regional Countries Behind Oil Blockade Will Lift It After Weeks Of Negotiations

NOC has confirmed there have been ongoing negotiations to resume oil production over the past several weeks with the between the GNA, NOC and regional countries, under the supervision of … Read More

LIBYA: NOC Declares Force Majeure on Sharara Oilfield Crude Exports after Armed Attack

Libya’s National Oil Corporation (NOC)’s  has condemned the crime committed by an armed group on the evening of Monday, June 8, 2020 which stormed the Sharara oilfield and pulled their … Read More

Outlook for Africa’s oil & gas industry improves – PwC report

The outlook for Africa’s oil & gas industry is positive amid difficult operating and economic headwinds. Tough economic and external conditions have placed pressure on oil & gas companies to … Read More