Optimism among stakeholders in Libya’s oil and gas sector has evaporated in recent months as the approval of the country’s budget has been delayed and instability has undermined operations at ...

That did not stop major oil companies Eni, OMV, BP, and Repsol from resuming exploration activities in Libya last year after halting them for a decade. Italy's Eni had already signed in 2023 an $8 ...

Nevertheless, major oil companies like Eni, OMV, BP and Repsol have resumed exploration activities in Libya, undeterred by the decade-long hiatus. Eni signed an $8bn (€7.61bn) gas production ...

Libya's Mabruk Oil Operations has resumed production at the Mabruk oilfield after a decade-long shutdown, the Tripoli-based Government of National Unity (GNU) said in a statement on Wednesday.

The area is large and contains some extremely prolific oil and gas basins. “The geology in these areas is such that it contains some of the world’s largest oil and gas fields, several of which are ...