Dr. Farhat Bengdara, Chairman of Libya’s National Oil Corporation (NOC), presented plans for the 2024 bid round during the Supreme Council for Energy and Water meeting. The bid will include 22 onshore and offshore concessions, with a timeline for execution shared by the NOC’s technical team.

In a significant development for the energy sector, Saipem SpA, in partnership with Jakarta-based PT Meindo Elang Indah, has been awarded an offshore engineering, procurement, construction, and installation (EPCI) contract valued at approximately $1.2 billion. This contract forms a critical component of BP PLC’s $7 billion Tangguh Ubadari, CCUS, Compression (UCC) Project in Indonesia’s Papua Barat Province. Saipem’s share of the EPCI contract is estimated at $1 billion, highlighting its pivotal role in the project. The scope of Saipem’s responsibilities includes the engineering, procurement, construction, and installation of two wellhead production platforms, a CO2 re-injection wellhead platform, and 90 kilometers (56 miles) of pipelines. These platforms will be fabricated locally at Saipem’s expansive Karimun yard, which spans over 1.4 million square meters and employs more than 5,000 workers. “This award reinforces Saipem’s leadership in natural gas and carbon capture and storage projects, combining our world-class engineering expertise and advanced technological capabilities,” Saipem stated.

India has expressed interest in Guyana's rapidly growing oil production as a solution to its energy security challenges. With ExxonMobil leading significant offshore operations, Guyana's oil output has become a strategic opportunity for energy-hungry nations like India.

Prime Minister Mostafa Madbouly has reaffirmed Egypt’s partnership with BP, highlighting its critical role in driving economic growth and energy security. BP, with over $35 billion in investments, is pivotal to projects like the West Nile Delta and Zohr fields, which contribute more than 60% of the nation’s gas production. These collaborations are set to solidify Egypt’s position as a regional energy hub.

Italy’s ENI and the UK’s BP have resumed their exploration activities in Libya after a hiatus in onshore drilling since 2014. Spain’s Repsol is also preparing to resume drilling operations in the Murzuq Basin, while Austria’s OMV is set to begin its activities in the Sirte Basin in the coming weeks.

Waha Oil Company convened with the National Oil Corporation (NOC) in Tripoli to review the company’s exploration activities for the current year, focusing on exploratory drilling, seismic surveys, and upcoming project proposals for 2025. The meeting covered proposed exploration programs, study plans, and the required budgets, reflecting Waha's commitment to advancing its projects in Libya’s energy sector.

The General Management Committee of Libya’s National Oil Corporation (NOC) held its seventh meeting of the year this morning, chaired by Engineer Masoud Suleiman, head of the General Management Committee. The meeting included the participation of NOC’s directors, department heads, and senior managers.

In a recent technical and financial meeting, the National Oil Corporation (NOC) and Zawiya Oil Refining Company reviewed the company's various activities for the current year, focusing on production targets for 2025. Held at the NOC headquarters in Tripoli, the meeting assessed refinery operations, including production processes at the asphalt plants in Zawiya and Benghazi, as well as operations at the oil blending and filling plant.

National Oil Corporation (NOC) Chairman, Farhat Bengdara, recently met with the Head of the European Union Delegation to Libya, His Excellency Nicola Orlando, along with Martin Benedik, Head of Cooperation, and Jan Matkowski, Energy and Climate Program Manager at the EU delegation.

Farhat Bengdara, Chairman of the National Oil Corporation (NOC), met with French Ambassador to Libya, Mustafa Mihraje, at the NOC headquarters in Tripoli to discuss enhancing cooperation between Libya and France in the oil sector. The discussions centered on strategies to ensure long-term stability and independence for Libya's oil industry, while focusing on increasing oil production.

Libya has emerged as Italy's largest crude oil supplier during the first seven months of 2024. From January to July, Italy imported an impressive 7.39 million tons of Libyan crude oil, which accounted for 22.3% of the country's total oil imports during this period.

In a significant meeting held today at the National Oil Corporation (NOC) headquarters in Tripoli, NOC Chairman Farhat Bengdara welcomed Stephanie Khoury, the Acting UN Envoy to Libya. The discussions focused on the resumption of oil production, sustainability challenges, and the importance of preserving the NOC’s independence.