Libya

Libya's National Oil Corporation (NOC) and the Arabian Gulf Oil Company (AGOCO) have discovered oil and gas with wildcat well D1-NC7A in the Ghadames Basin.

China National Petroleum Corporation (CNPC) has reportedly launched a bid for North African-focused exploration company Verenex Energy. The South China Morning Post reported on... 2008-12-15

Paolo Scaroni, CEO of Italy's Eni , has announced that Libya has approved a deal for Russia's state-controlled Gazprom to take over Eni's 33.3% stake in Libya's El Feel (Elephant)... 2008-12-12

Libya's decision to acquire a substantial stake in Italian oil company Eni is unlikely to face any political obstacles, according to a statement by Italian foreign minister Franco... 2008-12-10

Canadian explorer Verenex has submitted its final appraisal report and initial development plan for the A1-47/02 field in Area 47 in Libya's Ghadames Basin.

Energy analysts quoted by Reuters have warned that Libya's goal to increase production to 3mn barrels per day (b/d) by 2012/2013 may prove unrealistic.

Germany's RWE and Canadian explorer Verenex have both made separate hydrocarbon discoveries on exploration acreage in Libya.

Newly merged GDF Suez has acquired a 20% participating interest in an exploration and production (E&P) licence in Libya from Greece's Hellenic Petroleum.

A subsidiary of German utility RWE has struck gas in its Egyptian Nile Delta exploration acreage and has also reported oil strikes with two wells in Libya. The discoveries, made... 2008-09-12

A fire at a crude storage tank at Libya's largest refinery and petroleum port Ras Lanuf could force the North African nation to reduce output by as much as 100,000 barrels per day... 2008-08-22