Libya

Tripoli mise sur des partenariats avec des majors et jusqu’à 4 milliards $ d’investissements pour relancer sa production pétrolière, malgré un climat politique divisé.
KLN strengthens its industrial project portfolio with progress on the WHPA platform in Libya, a major offshore site valued at over HK$10bn ($1.28bn), aimed at supporting regional gas supply.

TotalEnergies appoints Nicola Mavilla as global head of exploration

Nicola Mavilla succeeds Kevin McLachlan as TotalEnergies' Director of Exploration, bringing over two decades of international experience in the oil and gas industry.
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Eni North Africa restarts drilling operations on well C1-16/4 off the Libyan coast, suspended since 2020, aiming to complete exploration near the Bahr Es Salam gas field.
Athens and Tripoli engage in a negotiation process to define their exclusive economic zones in the Mediterranean, amid geopolitical tensions and underwater energy stakes.

Nigeria and Libya study 3,300 km gas pipeline to connect to Europe

Nigeria and Libya have initiated technical discussions on a new pipeline project to transport Nigerian gas to Europe through the Mediterranean network.
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Chevron has opened talks with Libya’s National Oil Corporation on a possible return to exploration and production after leaving the country in 2010 due to unsuccessful drilling.
Libya is preparing to host an energy forum in partnership with American companies to boost investment in its oil and gas sectors.

OPEC+ Cuts Production Despite Higher Quotas in July

OPEC+ oil production fell to 41.65 million barrels per day in July 2025, reveals S&P Global's Platts survey, as Saudi Arabia normalizes production after June's Iran-Israel tensions.
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BP has announced the discovery of an oil and natural gas field off the coast of Brazil, in the Santos Basin, marking its most significant find in a quarter of a century.
The Anglo-Dutch company maintains its oil and gas operations on the African continent, betting on offshore exploration and the reactivation of onshore fields, while the institutional and regulatory context remains uncertain.

BP and Shell sign strategic agreements to revive Libya’s oil industry

BP and Shell intensify their commitments in Libya with new agreements aimed at revitalizing major oil field production, amid persistent instability but rising output in recent months.
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The flow of crude between the Hamada field and the Zawiya refinery has resumed after emergency repairs, illustrating the mounting pressure on Libya’s ageing pipeline network that threatens the stability of domestic supply.
Facing an under-equipped downstream sector, Mauritania partners with Sonatrach to create a joint venture aiming to structure petroleum products distribution and reduce import dependency, without yet disclosing specific investments.

Libya Denounces Greek Oil Exploration off the Coast of Crete

Libya officially contests Greece's allocation of offshore oil permits, exacerbating regional tensions over disputed maritime areas south of Crete, rich in hydrocarbons and contested by several Mediterranean states.
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OPEC confirms global oil demand estimates for 2025-2026 despite slightly adjusted supply, while several members, including Russia, struggle to meet their production targets under the OPEC+ agreement.
Libya's oil production reached a twelve-year high of 1.23 million barrels per day, even as persistent political tensions and violent clashes in Tripoli raise concerns about the sector's future stability.

Eni Pays €8.4 Billion to Energy-Producing Countries in 2024

In 2024, Italian energy giant Eni paid approximately €8.4 billion to various global governments. These payments, primarily concentrated in Africa and Asia, reflect its commitments in the international energy sector.
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The National Oil Corporation suspended crude transport from the Hamada fields following a leak detected south of Zawiya, 45 kilometres from Tripoli.
The IMF forecasts robust economic growth for Libya in 2025 driven by oil, but warns that structural reforms are essential to avoid renewed vulnerability to global market shocks.
Iran has overtaken Iraq in 2023 to become the world's second largest gas flaring emitter after Russia, reveals a World Bank report.
Mohamed Aoun resumes his duties as Libyan Oil Minister after a two-month suspension for a "legal violation".

Libya: Ukrainian attacks affect oil imports

Ukraine's drone attacks on Russia are affecting an illicit oil trade in Libya, already a source of political tension.
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Seves group and Sediver fined 13.373 million euros for corruption in the DRC, Algeria, Nigeria and Libya, illustrating the disastrous consequences of corruption on companies.
The UN welcomes the creation of a commission to distribute oil revenues in Libya, amid quarrels and threats to block exports.

Eni successfully unloads the first LNG cargo ship in Piombino

Eni has successfully unloaded the first LNG cargo at the new Snam regasification terminal in Piombino. This acquisition of regasification capacity is part of Eni's strategy to diversify LNG supplies in Italy.
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National Oil Corp's subsidiary in Libya signs contract with Honeywell for the South Refinery.
Italy strengthens its energy cooperation with Azerbaijan by supplying 4 gas turbines for more than 160 million euros. This major agreement marks the diversification of Italy's energy supplies and its independence from Russia.

Oil: Libya invites foreign companies to resume exploration and production

The Libyan National Oil Company has called on foreign companies in the hydrocarbon sector to resume operations.
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In Waha, Libya, TotalEnergies is finalizing the joint acquisition with ConocoPhillips of the 8.16% interest held by Hess.
France "took note" on Friday of the hydrocarbon exploration agreement in Libyan waters signed with Turkey.

Hydrocarbons: Greece and Egypt Reject Turkish-Libyan Agreement

The Egyptian and Greek foreign ministers have deemed "illegal" the memorandum of exploration for hydrocarbons in Libyan waters.
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The head of the Libyan government based in Tripoli, Abdelhamid Dbeibah, has defended his agreement to explore for hydrocarbons in Libyan waters signed with Turkey and criticized by his political rivals and countries in the region.
Libya and Turkey have signed an agreement for hydrocarbon exploration in Libyan waters three years a maritime delimitation agreement.

OPEC Production Still Rising

OPEC oil production in August recorded its highest level since the start of the pandemic. However, the organization is still unable to reach the promised quantities.
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