(Eni SpA, 26.Jul.2024) — Eni‘s Board of Directors, chaired by Giuseppe Zafarana, yesterday approved the unaudited consolidated results for the second quarter and first half 2024. Eni CEO Claudio Descalzi said: “In the second quarter 2024, we have delivered results ahead of expectations, demonstrating the significant progress Eni has made in […]
Category: Libya
Eni Extends Support to Libya Following Floods
(Eni, 20.Sep.2023) — Following the devastating floods that have hit Libya last week as a result of storm Daniel, Eni, in cooperation with the Libyan National Oil Corporation (NOC)’s emergency committee, has mobilized the provision of supplies, rescue teams, and critical equipment to support the people affected by the disaster. […]
TotalEnergies Mobilized to Support the People of Libya
(TotalEnergies, 18.Sep.2023) — Following the devastating floods in Libya last week, TotalEnergies answered Libya’s National Oil Corporation’s call for support from the very first hours of the tragedy. The Company mobilized land and air logistical resources to provide emergency aid for the thousands of people affected by the disaster in […]
![An African Gas Renaissance En Route to a ‘Just Energy Transition’ [PDF Download]](https://energy-analytics-institute.org/wp-content/uploads/2021/10/md-africa-source-md.jpg)
An African Gas Renaissance En Route to a ‘Just Energy Transition’ [PDF Download]
(The Oxford Institute for Energy Studies, 5.Sep.2023) — The impact of the Russia-Ukraine war on the natural gas trade, inter alia, continues to be felt well beyond Europe’s borders. As the accelerated decarbonisation of the world’s economies is being pushed forward, Europe’s unexpected interest in alternative sources of gas imports […]
Eni Revokes Force Majeure on Three Exploration Assets in Libya
(Eni, 3.Aug.2023) — Eni formalized with its Libyan counterpart NOC the revocation of force majeure status on exploration areas A and B (onshore), and C (offshore), where Eni is the operator with a 42.5% stake, along with BP, 42.5%, and the Libyan Investment Authority with 15%. Force Majeure, declared in […]
Oil Gains as Libya Shuts Its Largest Oil Field Amid Protests
(Bloomberg, 18.Apr.2022) — Oil rose as the shutdown of Libya’s biggest oil field strains an already under-supplied market, overshadowing signals that China’s drastic pandemic lockdowns are weighing on economic growth. Brent crude futures settled above $113 a barrel for the first time since late March while West Texas Intermediate oil […]
Protest Forces Libya’s National Oil Firm to Close Al-Fil Field
(Al Jazeera, 17.Apr.2022) — Libya’s National Oil Corporation (NOC) has announced the suspension of production at a major oil field in the country’s south, declaring a “force majeure” due to a protest at the site. Located some 750km (466 miles) southwest of Tripoli, the Al-Fil field is jointly managed by […]
Libya Oil Units Halt Operations On Virus Spread
(Reuters, 7.Sep.2020) — Two affiliates of Libya’s National Oil Corp (NOC) have suspended some work because of the spread of the coronavirus, they said in statements posted online on Monday. The country’s biggest refinery, Zawiya, located west of Tripoli, said it had closed its offices from Sept. 8-17, reducing staffing […]
Libya’s NOC Head Warns Of Potential Disaster At Ports
(S&P Global Platts, 9.Aug.2020) — The head of Libya’s state-run National Oil Corp warned Aug. 8 that the presence of stored flammable commodities at the country’s key oil export terminals risks a potentially worse disaster than the explosion this week in Beirut, as armed conflict continues around the facilities. Fighting […]
Sisi Wins Approval For Possible Libya Intervention
(Reuters, 20.Jul.2020) — Egypt’s parliament gave President Abdel-Fattah al-Sisi the green light for possible military intervention in Libya by approving the deployment of armed forces abroad to fight “terrorist groups” and “militias”. A sharp military escalation in Libya, where fighters led by eastern commander Khalifa Haftar have been battling the […]
Leaky Pipes Threaten Libya’s Oil Revival From War
(Bloomberg, 24.Jun.2020) — Libya’s oil industry is crumbling after more than nine years of neglected maintenance amid a civil war that’s killed thousands and destroyed towns across the country. The lack of basic, nuts-and-bolts servicing has left pipelines corroding and storage tanks collapsing. Remedial work at wells alone could cost […]
Opec+ Extra Cuts Will End In June: Saudi Oil Minister
(Argus, 8.Jun.2020) — Mideast Gulf countries that pledged deeper crude cuts beyond their Opec+ commitments this month do not plan to extend these into July, Saudi oil minister Prince Abdulaziz bin Salman said today. Opec+ agreed on 6 June to extend the first phase of its historic two-year production restraint […]