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.