National Oil Corporation Libya ( NOC ) and KPMG International have signed a partnership for a project to develop an integrated system for financial and administrative systems, human resources, manufacturing, and production.
As part of the efforts of the National Oil Corporation ( NOC ) through coordination and cooperation with the Libyan Investment Authority ( LIA ), to develop and support ways of joint cooperation with its partners.
In collaboration with Weatherford, Camco Oilfield Services has announced that it will provide advanced technologies for both cased-hole and open-hole wireline services in Libya.
The National Oil Corporation (NOC) of Libya has announced that it has managed to raise production rates to 1,036,035 barrels a day.
Libya's National Oil Corporation (NOC) announced it has managed to raise production rates of crude oil to 1,036,035 barrels a day.
[Libya] Operatorship of Wintershall Aktiengesellschaft's Sirte Basin Oil Fields transferred to new joint operating company
Wintershall Aktiengesellschaft (WIAG) transferred operatorship of Contract Areas 91 (former Concession 96) and 107 (former Concession 97) in the onshore Sirte Basin to Sarir Oil Operations (SOO), a newly established joint operating company.
The U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) took action against a network of smugglers contributing to instability in Libya.
FAO welcomed the decision by the Global Environment Facility Council to allocate a substantial $176 million to 24 of its projects that tackle the critical intersection between agriculture and environmental concerns.
BP, a multinational oil and gas company announced that Hesham Mekawi, Regional President, North Africa, has decided to retire.
SmartStream Technologies announced that Jumhouria Bank, the biggest bank in Libya, has successfully gone live on SmartStream’s solution for the reconciliations of cash payments.
Libyan Assaray Trade and Investment Bank (ATIB) has selected Temenos Infinity and Temenos Transact to power its digital transformation.
Wintershall Aktiengesellschaft (WIAG) and Libya’s National Oil Corporation (NOC) signed two EPSAs for Areas 91 (former Concession 96) and 107 (former Concession 97) in the onshore Sirte Basin.
MaxAB, an Egyptian B2B e-commerce marketplace that connects informal food and grocery retailers with suppliers via an easy-to-use app, has secured seed funding of $6.2 million, one of the largest ever seed rounds raised by a MENA startup.
Luxembourg has contributed €500,000 to support emergency telecommunications being provided by the United Nations World Food Programme (WFP) in Libya through the humanitarian community’s Emergency Telecommunications Sector.
A new study conducted by Frost & Sullivan shows that the desalination market in Africa has recovered from the global economic downturn in 2015-2017.
IFC and Tunisia’s Ministry of Communication Technologies and Digital Economy are launching a ground-breaking program designed to support high-potential startups and drive innovation across North Africa.
The World Bank Group has announced a new strategy of support for Libya focused on restoring key services to citizens and promoting economic recovery as a critical contribution to the ongoing peace process.
Government authorities in East and West Libya set to partner to develop one of North Africa's largest deep sea ports
Libya's government authorities in the East and West have agreed to jointly support what will become one of North Africa's most highly-automated and largest deep-sea ports.
Waha Oil Company (WOC), a National Oil Corporation subsidiary, has completed preparations on another horizontal well in the Faregh oil field ahead of the planned start of second-phase experimental gas production.
National Oil Corporation (NOC) recorded an average production of 1.107 million barrels per day in 2018 and total revenues of 24.4 billion USD – a five year high and 78% year-on-year increase.
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 be more cost-effective and efficient.
National Oil Corporation Chairman, Mustafa Sanalla, BP Group Chief Executive, Bob Dudley, and Eni CEO, Claudio Descalzi, have signed a Letter of Intent (LOI) in London which will launch the process for Eni to acquire a 42.5% stake in BP’s Exploration and Production Sharing Agreement in Libya.
The gas plant at Abu-Attifel Field in Libya resumed production on 27 December 2017, after the completion of its maintenance, said NOC National Oil.
The MIT Enterprise Forum Pan Arab and TATWEER Research has announced the three winning teams of the ENJAZI Competition, the first nation-wide entrepreneurship competition in Libya.
The Economic Commission for Africa is focusing on essential components of structural transformation, such as sustainable investment in infrastructures and new industries.
Area9 Learning and Valia Investments have signed a long-term exclusive partnership to advance adaptive e-learning for corporations in North Africa and Middle East and North Africa region.
However hard it tries, the National Oil Corporation is unlikely to push Libyan oil production beyond its year-end target of 1.25 million bpd, says a study from leading international oil firm Wood Mackenzie.
OPEC nations pumped slightly more crude in September as Libya’s biggest oil field returned to production.
Oil prices fell as much as 2 per cent on Monday on selling triggered by a rebound in production from Libya’s largest oil field along with worries about higher output from OPEC and the United States.
OPEC moved on Monday to cap Nigerian oil output and called on several members to boost compliance with production cuts to help clear excessive global stocks and support flagging prices.
Global leader in spatial analytics, has announced the release of significant enhancements to the World Geocoding service for the company's ArcGIS platform.
Oil prices tumbled to a nine-month closing low Tuesday on growing supplies out of Libya and Nigeria, hitting shares of Dow Jones industrial average components Exxon Mobil and Chevron.
OPEC boosted its oil production in May as output recovered in Libya and Nigeria, two countries exempt from the group's recent deal to curb global supplies, new data shows.