Abu Dhabi National Oil Company (Adnoc) said on Monday it had granted Japan's Inpex Corp a 5 per cent stake in a new 40-year concession, making it the first Asian firm to help operate the UAE's biggest oilfields after decades-long partner
Japanese oil and gas developer Inpex Corp is in final adjustments to obtain a 5 per cent stake in a new concession to help operate the United Arab Emirates' biggest oilfields for $1.1 billion, public broadcaster NHK said on Monday.
A strike by Libyan security guards over salary payments has forced the closure of the western El Feel oilfield, a spokesman for state oil firm NOC said.
A field engineer told Reuters the Opec producer had close
Libya's El Sarir oil field is still unable to pump oil to Hariga port after sabotage on a pipeline just north of the field where repairs are ongoing, an oil official said.
The pipeline was damaged and set o
Gunmen have stormed the Al-Mabrook oilfield in central Libya, a spokesman for state-run National Oil Corp (NOC) said on Wednesday.
Armed factions allied to two rival governments are fighting for control of Libya four years after t
Deep in Libya's southern Sahara, men in army uniforms guard a pipeline at the El Sharara oilfield. Hundreds of kilometers to the north, rival fighters turn off the pumps to stop the oil flowing.
Libya's El Sharara oilfield remains closed but oil workers are keeping it ready to resume production once a pipeline blockage is cleared, field managers said.
El Sharara's production prior to shutting w
Libya is still testing pipelines to restart the southwestern El Feel oilfield, a spokesman for state-run National Oil Corp (NOC) said.
NOC shut down the field last month when brief clashes forced the closure of
Libya's Nafoura oilfield will start pumping oil to ports from Friday, targeting an initial output of 20,000 barrels a day, a spokesman for the field operator said on Thursday.
The field, located in the east, restarted work thi