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December 11, 2019Total to invest $650 million in Libya’s Waha asset
The National Oil Corporation of Libya approved the acquisition on Wednesday.
January 7, 2019Libya plans to increase oil output to 2.1 million barrels per day
Libya plans to increase oil production to 2.1 million barrels per day by 2021.
October 9, 2018Eni to acquire half of BP’s oil and gas licence in Libya
Planning to resume Libyan exploration.
August 17, 2018Market Report: Libyan crude oil output exceeds 1 million bpd
Libya's crude oil production has exceeded 1 million bpd for the first time since June 2018.
June 15, 2017Nigeria & Libya, Exempt from OPEC Deal, Drive Up Production
Nigeria and Libya, exempt from cutting output, is seen to be undermining efforts led by Saudi Arabia.
April 16, 2020COVID-19 Will Make Countries Reconsider Their Priorities, says GECF
Secretary General of the GECF H.E. Yury Sentyurin on the reassessment of gas market structures.
April 13, 2020OPEC+ Slashes Production, Saves Oil Industry from Collapse
Up to 20 million barrels of oil per day could come off the market in combined efforts.
April 9, 2020OPEC+ At Brink of Ending Oil Price War, Awaits G20 Meeting for OPEC++ Deal
The OPEC+ group will cut 10 million barrels of oil per day, but Mexico is yet to come on board. A G20 meeting will determine if other producers are willing to reduce output.
April 3, 2020GECF Anticipates 2.7 Percent Global GDP Growth
The GECF published a formal analysis forecasting the economic impact of COVID-19.
March 9, 2020Market Report: Nigeria announces $1 million grant from the U.S. government
The new regulations aim to develop a power plant that would be fed by a pipeline.