Acquisitions and Divestitures News in Libya
| 10/29/2020 - - Wintershall Dea affiliate WIAG has transferred operatorship of Sirte Basin fields to new joint venture with NOC: Sarir Oil Operations (SOO) - In December 2019, WIAG’s Petroleum Concessions 96 ... |
| 10/29/2020 - The National Oil Corporation (NOC) announces that the newly established joint operating company Sarir Oil Operations (SOO) assumes operatorship on the Contract Areas 91 and 107 (previously 96 and 97) ... |
| 12/12/2019 - Wintershall Aktiengesellschaft (WIAG) and Libya’s National Oil Corporation (NOC) have signed two Exploration and Production Sharing Agreements (EPSAs) for Areas 91 (former Concession 96) and 107 (form... |
| 4/23/2018 - Libya is considering whether to intervene in a $450 million deal that French major Total (TOTF.PA) announced last month to buy a Marathon Oil (MRO.N) stake in the country’s Waha concessions, several s... |
| 3/2/2018 - Total has acquired Marathon Oil Libya Limited which holds a 16,33% stake in the Waha Concessions in Libya. This acquisition will give Total access to reserves and resources in excess of 500 million ba... |
| 1/27/2017 - Austria's OMV has agreed to buy a 7 percent stake in Libya's Nafoura oil field from U.S. company Occidental Petroleum Corp, increasing its share in the field. ... |
| 1/17/2014 - The Management Board of PGNiG announces recognition, as at December 31st 2013, of an impairment loss on PGNiG's interest in Polish Oil and Gas Company Libya BV (POGC Libya), a wholly owned subsidiary ... |
| 10/3/2013 - Libya's National Oil Corp (NOC) is interested in buying Marathon Oil's stake in one of the North African country's most important joint ventures, Oil Minister Abdelbari Arusi has said. ... |
| 7/25/2013 - Marathon Oil Corp. has notified Libya's National Oil Co. that it is considering selling its stake in Libya's largest foreign-oil partnership, two Libyan oil officials said. Recently, the U.S. company... |
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6/8/2012 - Gazprom Neft, the oil arm of Russia's top gas producer Gazprom, will decide by the year-end whether to proceed with the Elephant oil project in Libya, Gazprom Neft's head said on Friday. ... |
| 7/7/2011 - Libya's government has begun negotiations with Russian and Chinese energy firms on taking over ENI's projects in Libya after the Italian firm withdrew its staff, a senior Libyan government official sa... |
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4/9/2011 - In total, Libya exports an overwhelming 85 percent of its crude oil to Europe. Relying on Libya for almost a quarter of its crude oil imports, Ireland tops the list of dependents with 14,000 barrels a... |
| 2/16/2011 - In the presence of Russian President Dmitry Medvedev and Italian Prime Minister Silvio Berlusconi a Farm-out Agreement for the Elephant project Production Sharing Agreement (PSA) has been signed in Ro... |
| 12/23/2010 - Libya does not expect to issue any new oil concession licences in 2011, the chairman of its National Oil Corporation (NOC) said on Thursday. ... |
| 10/2/2010 - Chevron and Occidental have not extended their five-year oil and gas licences in Libya, a senior executive with Libya's NOC state energy firm told Reuters. Other companies whose licences were not exte... |
| 12/8/2005 - BG Group signed three Exploration and Production Sharing Agreements (EPSA) for Blocks 123 (1) and 123 (2), and Area 171, (Blocks 1, 2, 3 & 4). This follows successful bids in the recent Libyan licensi... |
| 10/3/2005 - BG Group is pleased to announce that it has been successful in its bid for exploration licenses in Area 123 (blocks 1 & 2), and Area 171, (blocks 1, 2, 3 & 4), in the recent Libyan licensing round hel... |
