In a chilling turn of events, around 61 migrants are missing and presumed dead after their boat tragically sank off Libya’s coast. The International Organization for Migration (IOM) confirmed this heartbreaking news on Saturday, highlighting the ongoing perils faced by migrants in the treacherous waters of North Africa. The Fateful Voyage and High Waves: The […]
The catastrophic floods that hit the eastern Libyan city of Derna have claimed more than 1,000 lives, leaving thousands missing and causing utter devastation. A shocking 25% of Derna has been decimated as torrential rains from Storm Daniel caused dams to burst. The death toll could skyrocket into the thousands, warns the International Federation of […]
Eni, an Italian multinational energy company, and The National Oil Corporation of Libya will develop the approximately $8bn Structures A&E gas project to enhance gas production to supply the Libyan domestic market and export to Europe. The Structures A&E project includes the development of two gas fields, namely Structures A and E, which are situated […]
Petrofac has bagged a contract worth more than $100 million pertaining to the Erawin oil field in Libya from Zallaf Libya Oil & Gas Exploration and Production Company. Under the contract, the Jersey-based oilfield services provider will be responsible for delivering the early production facilities for the Erawin field development project phase 1. According to […]
Energy acquisition news : French oil and gas major Total has acquired Marathon Oil Libya, a subsidiary of Marathon Oil for $450 million to take a stake of 16.33% in the Waha concessions. Currently, the Waha concessions in Libya are producing about 300,000 barrels of oil equivalent per day (boe/d). The production is likely to […]