Ghadames Basin News Today

Nafusa Oil Operations BV announced that the National Oil Corporation (NOC) has acquired the foreign partner's share in developing the North Hamada field, leading to the resumption of exploration activities in Block 47 of the Ghadames Basin, which had been halted since 2014. In a statement on Friday, the company said this acquisition is expected to facilitate new discoveries in Block 47, which can be quickly developed and connected to the surface facilities currently being completed.

As part of its efforts to attract investments in the region, the eastern Libyan government has offered a refinery project to a Russian company.

Production was paused for two weeks after a blockade by residents.

The National Oil Corp. has declared a force majeure for Sharara amid a blockade of the oil field by protesters.

Libya has started exporting oil from the Erawin field in the Murzuq basin.

Sonatrach has lifted a force majeure declaration on operations in Libya.

Devastated by the unprecedented Storm Daniel amid political unrest, Libyas resilience is tested as it grapples with a humanitarian crisis, though its vital oil industry remains surprisingly steady.

Libya generated more than US$5bn revenues from sales of crude oil, gas, condensates and petrochemicals in the second half of this year

Libya’s oil and gas sector is witnessing a revival as the socio-political environment stabilizes and the country pursues a large-scale...

Three major international oil companies have announced a resumption of their operations in Libya after a 10-year absence, the Libyan National Oil Company said on Thursday. The NOC said in a press...