Sulzer has signed a joint venture with Jawaby Services & Investments (JSIL), a wholly owned subsidiary of Libya’s National Oil Corporation (NOC), to provide rotating equipment services in Libya.
Eni discovered two new gas structures, Bahr Essalam South 2 and 3, off Libya’s coast. Drilled near the Bahr Essalam field, they are estimated to hold over 1 trillion cubic feet (Tcf) of gas in place.
TotalEnergies has restarted production at Libya’s Mabruk oil field, holding a 37.5 per cent stake. The new 25,000 barrels/day facility, launched in May 2024, began operations on February 28, 2026, ending a halt since 2015.
QatarEnergy has secured an offshore exploration licence in Libya after the country’s first bid round since 2007. The National Oil Corporation awarded Block O1 to a consortium of QatarEnergy (40 per cent stake) and Italy’s Eni (60 per cent stake and operator), marking QatarEnergy’s first upstream entry into Libya.
Libya’s Waha Oil Company, an affiliate of the state-owned National Oil Corporation, announced that two new gas wells have begun operating at its Farigh field. The company said it brought the two wells online with daily output of 14 million and 12 million cubic feet of gas, respectively.
Eni North Africa, the Italian energy company, has resumed its exploration activities in the offshore area northwest of Libya, specifically in Block 16/4, after a hiatus of more than five years.
Libya’s energy sector is rebounding, drawing global investment and focusing on production growth, gas monetisation, and partnerships. Oil output averaged 1.375 million bpd in 2025, with the government targeting 2 million bpd by 2030, supported by a $20 billion investment programme.
Libya’s state-owned National Oil Corporation (NOC) and its international partners TotalEnergies and ConocoPhillips have signed a first amendment to the re-entry agreement for the Waha Concession.
Libya's Misurata Free Zone Authority has signed a $2.7 billion PPP involving Doha-based infrastructure investor Maha Capital Partners and Terminal Investment Limited, the port operator of world's largest container shipping line MSC, to transform the Libyan port into a modern, high-capacity transhipment hub.
Senior energy market analysts and advisory leaders have confirmed their participation as speakers at the Libya Energy & Economic Summit (LEES) 2026, as Libya accelerates upstream investment, advances its first licensing round in nearly two decades and targets crude oil production of 1.6 million barrels per day (bpd) by the end of 2026.
