Libya

Libya has delayed its oil production capacity target of 3mn barrels per day (b/d) from 2012 to 2015/2016, according to Shokri Ghanem, CEO of state-owned National Oil Corporation... 2009-12-07

British major BP is planning to launch its Libyan exploration campaign in 2010, the director of the company's local unit told Reuters on October 29.

The BMI oil supply and demand assumptions for 2009 and beyond have again been revised for all 67 countries forming part of our detailed coverage, reflecting the changing macroeconomic... 2009-10-20

Canadian explorer Verenex Energy has agreed to be acquired by the Libyan Investment Authority (LIA) for CAD7.09 per outstanding share, or a total CAD314.1mn (US$293.7mn), following... 2009-09-21

The Libyan government has announced that it will spend LYD12.1bn (US$9.86bn) on a programme to upgrade 24 of its oil fields, including field rehabilitation and drilling projects,... 2009-09-14

Russia's Tatneft and Libya's state-owned National Oil Corporation (NOC) have made an oil discovery with wildcat well A1-82/04 in Area 82 of Libya's Ghadames Basin.

Oil market fundamentals remain unattractive. Demand refuses to recover. The US driving season was a non-starter, with gasoline consumption much lower than had been hoped. Industrial... 2009-08-17