OIL AND GAS

July 16, 2019

Libyan oil revenue drops to 11.2%, Central Bank says

Libya’s oil revenue dropped 11.2% to 14.3 billion dinars ($10,2 billion) in the first six months of 2019, compared with the same period last year, the Libyan central bank said on Monday.

The"...

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July 15, 2019

Oil prices to influence GCC banks’ performance

Doha: Geopolitics and oil are key for GCC banks for 2019-2020. The GCC banks’ financial profiles should remain stable for the remainder of these years, absent any unexpected geopolitical shock or significant drop in oil prices, S&P’s Midyear 2019 banking outlook noted.

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July 14, 2019

NOC maintains oil supplies to Ubari power plant

The National Oil Corporation (NOC) said on Saturday that crude oil supplies to Ubari Gas Plant have been ongoing since mid-June.

'The supply process is continuing as required by the General Electricity Company"...

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July 14, 2019

GECOL connects fourth unit of Ubari Gas Station to the public grid

The General Electricity Company of Libya (GECOL) confirmed the connecting of the fourth unit of Ubari Gas Station to the public grid, officially.

'The fourth unit was operated by crude oil. This will ensure"...

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July 11, 2019

Ubari gas station to start operations in coming days, GECOL says

Ubari gas station is expected to be ready to enter service in the next two days, the General Electricity Company of Libya (GECOL) confirmed.

Director of the GECOL information department, Mohammed Al-Takouri clarified"...

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July 7, 2019

Breaking the Grid 5,000MW Electricity Ceiling

It would be an understatement to describe Nigeria’s public utility electricity supply as a puzzle. It is even more worrisome that the government, the industry and the general public, consider the underlying causes as “the elephant in the room”. When the old Power Holding"...

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July 6, 2019

Brega company voices concern on ongoing hostilities in Airport Road vicinity

Brega Oil Marketing Company expressed dismay and deep concern at the continued bombing of the vicinity of the Airport Road warehouse.

The company confirmed via its official website that a shell fell Tuesday between"...

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July 2, 2019

24% Increase in Libyan Oil Revenues

The National Oil Corporation (NOC) has announced May income of 2.3 billion USD from sales of crude oil and derived products, in addition to taxes and royalties received from concession contracts – a monthly increase of approximately 448 million USD (+24 percent).

Revenue"...

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July 2, 2019

KOC Awards Halliburton Integrated Offshore Services Contract

Kuwait Oil Company (KOC) and Halliburton (NYSE: HAL) today announced the companies have signed an Integrated Offshore Drilling Services contract for six high-pressure high-temperature (HPHT) exploration wells on two jack-up rigs in the Arabian Gulf. Through Halliburton Project Management,"...

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June 29, 2019

NOC says May revenues hit $2.3 billion.

The Tripoli-based National Oil Corporation (NOC) recorded May income of 2.3 billion USD from sales of crude oil and derived products, in addition to taxes and royalties received from concession contracts – a monthly increase of approximately 448 million USD (+24%).

In"...

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