Oil & Gas Archives - Panorama Insurance Brokers

Meeting between NOC and PFG

ASRSG Stephanie Williams attends the first meeting between NOC and the PFG commanders of eastern and western regions, hosted by Breiga’s Sirte Oil Company Acting Special Representative of the Secretary-General for Libya Stephanie Williams attended a meeting on Tuesday hosted by Sirte Oil Company in Marsa Brega, bringing together the Chairman of the National Oil… Read More

Libyan Oil Production Exceeds 1m bpd

By John Lee. The National Oil Corporation (NOC) has announced that it has increased oil production to 1,036,035 barrels a day (bpd). However, the NOC warned that it may not be able to sustain the current production levels due to what it described as “the reluctance of some entities and their hindering of NOC’s efforts… Read More

Libyan Oil Revenues for Sept and Oct

Libya’s National Oil Corporation (NOC) reports that the total oil revenues for September of this year amounted to $ 116.9 million, registering a significant decline compared to the revenues for September of last year 2019, which amounted to $ 1.7 billion, as crude oil sales recorded $ 83.9 million. Only US $ 33 million of… Read More

Libyan Oil Output hits 800,000 bpd

By John Lee. Libya’s oil production has reached a reported 800,000 barrels per day (bpd). According to Bloomberg, Mustafa Sanalla, the chairman of the National Oil Corporation (NOC), said the country is targeting 1.3 million bpd by the beginning of next year. As recently as early September, the country was producing only 100,000 bpd. More… Read More

Wintershall transfers Libyan Contract Areas to SOO

Wintershall Aktiengesellschaft (WIAG) has transferred operatorship of Contract Areas 91 (former Concession 96) and 107 (former Concession 97) in the onshore Sirte Basin to Sarir Oil Operations (SOO), a newly established joint operating company with the National Oil Corporation (NOC). After the signing of two Exploration and Production Sharing Agreements (EPSAs) in December 2019, WIAG… Read More

Mellitah to Resume Production at El Fil Oilfield

By John Lee. Libya’s National Oil Corporation (NOC) has announced the ending of the blockades in all Libyan fields and ports as of today 26 October 2020. It added that instructions have been given to Mellitah Oil & Gas to resume production at the Al Feel [El Fil, Elephant] oil field. (Source: NOC)

Medserv Wins Contract with OMV Libya

By John Lee. Austria’s OMV has awarded Medserv a contract to provide international freight forwarding services in Libya. Medserv will provide services for the transportation of goods and drilling related equipment from global sites to specified locations in Libya using the Medserv facilities at the Malta Freeport as a logistics hub in the supply chain…. Read More

Libya Lifts Force Majeure on Sidra & Ras Lanuf Ports

By John Lee. The National Oil Corporation (NOC) has declared the lifting of Force Majeure status at Sidra and Ras Lanuf ports as of Friday 23 October 2020. In a statement, the NOC said instructions have already been given to start production arrangements subject to the standards of general security and safety precautions and the… Read More

US Welcomes Reopening of Libyan Energy Sector

U.S. Embassy Libya’s statement on the apparent Libyan agreement to reopen the energy sector As responsible Libyan parties come together in UN-facilitated peaceful dialogue, the U.S. Embassy is encouraged by an apparent sovereign Libyan agreement to enable the National Oil Corporation (NOC) to resume its vital and apolitical work. In an exchange of letters between… Read More

NOC Lifts Force Majeure at Al Sharara Field

By John Lee. The National Oil Corporation (NOC) has announced that it has reached what it describes as an ‘honor agreement’, under which the Petroleum Facilities Guards (PFGs) “abides by ending the entire obstacles that face Al Sharara Field in a way that guarantees there will be no security breaches and in a way that… Read More