Libya Oil & Gas Newswire

BP Braces For Profit Hit As Oil Prices Decline

BP p.l.c. BP On Friday offered a preliminary snapshot of its second-quarter performance ahead of its full earnings release scheduled for August 5, 2025. The company anticipates varied results across its businesses, shaped by declining oil prices, robust …

BP to reopen office in Libya, Shell discusses prospects for cooperation in oil field development‎

BP to reopen office in Libya, Shell discusses prospects for cooperation in oil field development‎

‎Libya’s state National Oil Corporation (NOC) reported last Monday (7 July) that BP has confirmed its intention to resume its work in Libya and reopen its office in Tripoli during the last quarter of 2025. Its Tripoli office will manage its projects in the …

OPEC+ Expects to Boost Global Oil Market Share to 52% by 2050

July 10, 2025 Hour: 8:41 am On Thursday, the Organization of the Petroleum Exporting Countries (OPEC) released “World Oil Outlook 2025” (WOO 2025), an annual report stating that OPEC+ expects to increase its share of the global oil market to 52% by 2050. …

Trump Tariff Comments Trigger Oil Price Decline

Crude futures fell over 2% Thursday as traders reacted to fresh tariff threats from U.S. President Donald Trump, raising alarms over future oil demand in key growth markets. At 12:19 p.m. ET, Brent crude was trading down 1.80%, at $68.93 per barrel, while …

Oil company interest in Libya increases

International companies are showing enthusiasm for Libyan oil and gas assets Become a MEED subscriber for unlimited access to: Exclusive news, comment and analysis on the MENA region An unrivalled 20-year old archive Exclusive announcements on project news …

Who cleans up this mess? African oil spills, corporate ‘responsibility’

Black gold pours into the Gulf of Suez, Libya struggles to deal with a tanker explosion, and Shell still hasn’t covered the costs of exploration and exploitation in the Niger Delta. This summer has been a torrid time for anyone working PR for the oil and …

When disorder means power: A bloody story of one oil giant

Libya has remained deeply divided since 2011, and its people have grown accustomed to living under the threat of renewed conflict and armed clashes In recent months, tensions have escalated in Tripoli, the capital of Libya, as political factions and armed …

Trump To Impose 500% Tariff On India Russia Oil Trade! Here’s Everything You Need To Know

US President Donald Trump has hinted at backing a fresh sanctions bill aimed at ramping up the pressure on Russian President Vladimir Putin to end the war in Ukraine. The new proposed legislation would be called the Sanctioning Russia Act 2025.  The …

Oil Prices Rise As US Dollar Weakens

Crude oil prices climbed on Thursday, supported by a weaker US dollar and expectations of strong fuel demand in the United States, the world’s largest oil consumer. Global oil prices have been volatile amid renewed US tariff threats and concerns over …

Trump may slap 500% tariff on India-Russia oil trade

This comes amid Trump’s growing frustration with Putin over the prolonged conflict. US President Donald Trump has signaled his support for a sweeping new sanctions bill aimed at ramping up pressure on Russian President Vladimir Putin to end the war in …

Impact of geopolitical events on oil market should not be overstated

The recent escalation in regional tensions sparked a sharp response across global markets, with oil prices briefly surging above $80 amid heightened uncertainty. Fortunately, the situation evolved rapidly. Nerves had calmed when a temporary ceasefire was …

Share Market News: Trump Tariffs, Stocks In Focus, Crude Oil Prices And Other Key Factors Likely To Affect Trade Today

On July 9, Trump sent out another set of letters to seven US trading partners. Trump’s tariff related letters were sent out to the Philippines, Sri Lanka, Brunei, Algeria, Libya, Iraq and Moldova and proposed the imposition of trade tariffs ranging between …

bp and Shell to evaluate Libya oilfield redevelopment opportunities

bp and Shell have signed agreements with Libya’s National Oil Corporation (NOC) to evaluate hydrocarbon redevelopment prospects in some of Libya’s major oilfields Under the MoU signed by bp, the company will evaluate redevelopment opportunities in the …

Venezuelan VP Rodriguez Criticizes Sanctions on Oil-Producing Nations at OPEC Forum

Jorge Gestoso (L) and Venezuelan VP Delcy Rodriguez (R), Vienna, Austria, July 9, 2025. Photo: teleSUR July 9, 2025 Hour: 1:04 pm On Wednesday, Venezuelan Vice President Delcy Rodriguez gave an exclusive interview to teleSUR from Vienna, where the …

OPEC Holds Landmark Energy Seminar in Vienna

July 9, 2025 Hour: 7:27 am From July 9 to 10, the Organization of the Petroleum Exporting Countries (OPEC) holds its 9th OPEC International Seminar, bringing global energy leaders to Vienna to discuss key industry issues and build up cooperation. RELATED: …

Iraq emerges as third-largest Arab oil refiner

2025-07-09T12:51:20+00:00 font Enable Reading Mode A- A A+ Shafaq News – Baghdad Iraq, OPEC’s second-largest oil producer, ranked third among Arab nations in refinery output for 2024, according to data from the Energy Research Unit (ERU). The country …

BP, Shell Ink Deals To Boost Libya's Oil Output

BP will assess rehabilitation of Libya’s Sarir and Messla oil fields in the Sirte Basin which rank among Triopli’s largest hydrocarbon resources, while also evaluating unconventional asset development across the war-torn country that displaced Nigeria a …

Middle East Crude-Oman up; Dubai, Murban ease amid OPEC+ August output hike

Middle East crude benchmark spot premium of Oman rose on Tuesday for a second session, while that of Dubai and Murban eased as firm demand from Asia encountered a higher-than-expected increase for OPEC+ output. Global oil benchmark contracts retreated on …

Jennifer Natter of Harris Air Systems Shares HVAC Maintenance Tips for Seasonal Tune-Ups in HelloNation

How can homeowners make their HVAC systems last longer while maintaining energy efficiency? TOOELE, UT, UNITED STATES, July 11, 2025 /⁨EINPresswire.com⁩/ -- How can homeowners make their HVAC systems last longer while maintaining energy efficiency …

Shaun Magwood of Primitive Success Group Shares Insights on Practical Values of Solar Energy in HelloNation

What makes solar energy a smart investment in South Carolina’s climate? CHARLESTON, SC, UNITED STATES, July 11, 2025 /⁨EINPresswire.com⁩/ -- What makes solar energy a smart investment in South Carolina’s climate? In HelloNation Magazine, Shaun …

FORTEC US and Enedo Sign Strategic U.S. Distribution Agreement

FORTEC US teams up with Enedo to Expand Power Solutions Portfolio RONKONKOMA, NY, UNITED STATES, July 11, 2025 /⁨EINPresswire.com⁩/ --  FORTEC US, a leading provider of industrial display, embedded, and power solutions, is pleased to announce a …

Lithium-Ion Battery Manufacturing Plant Setup 2025: Investment Opportunities, Cost Breakdown and ROI

NEW YORK, NY, UNITED STATES, July 11, 2025 /⁨EINPresswire.com⁩/ -- Establishing a lithium-ion battery manufacturing plant requires an in-depth market study coupled with detailed knowledge of operational components such as production processes, sourcing of …

Nantucket Announces Settlement with GE Vernova Over Wind Turbine Blade Failure

NANTUCKET, MA, UNITED STATES, July 11, 2025 /⁨EINPresswire.com⁩/ -- The Town and County of Nantucket (“Nantucket”) today announced a definitive settlement agreement with GE Vernova for $10.5 million dollars to compensate the Town and local …

Biodiesel Manufacturing Plant Setup Report 2025: Cost Breakdown, Business Plan and Profitability

NEW YORK, NY, UNITED STATES, July 11, 2025 /⁨EINPresswire.com⁩/ -- Establishing a biodiesel manufacturing plant requires an in-depth market study coupled with detailed knowledge of operational components such as production processes, sourcing of raw …

BESS (Battery Energy Storage System) Manufacturing Plant Setup Cost Analysis 2025: Profitability & Break-Even Time

NEW YORK, NY, UNITED STATES, July 11, 2025 /⁨EINPresswire.com⁩/ -- Establishing a BESS (Battery Energy Storage System) manufacturing plant requires an in-depth market study coupled with detailed knowledge of operational components such as …

Superconductors Market Present Scenario and Growth Prospects 2022 - 2032

Superconductors Market Expected to Reach $17.4 Billion by 2032—Allied Market Research WILMINGTON, DE, UNITED STATES, July 11, 2025 /⁨EINPresswire.com⁩/ -- Allied Market Research, titled "Superconductors Market By Type (Low Temperature, High …

Laser Obstacle Remover Addresses Power Grid Challenges

CHENGDU, CHINA, July 11, 2025 /⁨EINPresswire.com⁩/ -- Floating objects and tree branches interfering with high-voltage power lines have long posed significant challenges to global power grid maintenance. Developed by Sichuan RedCoast Base …

Soft Drinks Market Size to Worth USD 886.2 Billion by 2033 | With a 3.84% CAGR

The global Soft Drinks market size was valued at USD 629.2 Billion in 2024. SHERDIAN, WY, UNITED STATES, July 11, 2025 /⁨EINPresswire.com⁩/ -- The soft drinks market is experiencing rapid growth, driven by rising demand for health-conscious …

Transformers For Switching Power Supplies Market Growth Dynamics: Leading Regions and Emerging Industry Trends

Global Transformers For Switching Power Supplies Market to grow from USD 33.81 Billion in 2025 to USD 61.15 Billion by 2033, CAGR 7.69%. PUNE, MAHARASHTRA, INDIA, July 11, 2025 /⁨EINPresswire.com⁩/ -- Global Transformers For Switching Power …

AV-Comparatives Publishes Operational Technology (OT) Security Test of ARIA AZT PROTECT™

AV-Comparatives has published the results of a test evaluating security products in air-gapped Operational Technology (OT) environments. INNSBRUCK, LOWELL MA, MA, UNITED STATES, July 11, 2025 /⁨EINPresswire.com⁩/ -- AV-Comparatives, the leading …

Carbon Black in Lead-Acid Battery Market Analysis, Global Trends, Size, Segments and Growth till 2027

The global carbon black in lead-acid battery market is projected to reach $591.4 million by 2027, growing at a CAGR of 4.6% from 2020 to 2027. WILMINGTON, DE, UNITED STATES, July 11, 2025 /⁨EINPresswire.com⁩/ -- The carbon black in lead-acid battery …

Power Transformer Market Surges Toward $50.8 Billion by 2027 on the Back of Renewable Energy and Grid Modernization

Power Transformer Market Booms with 7.9% CAGR, Driven by Renewable Integration and Aging Infrastructure WILMINGTON, DE, UNITED STATES, July 11, 2025 /⁨EINPresswire.com⁩/ -- The global power transformer market is witnessing rapid expansion, …

Utility Communications Market to Hit $47.3 Billion by 2033, Driven by Smart Grid & Renewable Surge

🌐 Utility Communications Industry Soars with Smart Grid Demand, Forecasting 5.5% CAGR Through 2033 WILMINGTON, DE, UNITED STATES, July 11, 2025 /⁨EINPresswire.com⁩/ -- 🔌 Utility Communications Industry Overview The global utility …

Rising Renewable Integration Fuels Growth in Three Phase Sectionalizer Market Globally

Three Phase Sectionalizer Market to Reach $1.9 Billion by 2034, Driven by Grid Modernization ⚡🌍 WILMINGTON, DE, UNITED STATES, July 11, 2025 /⁨EINPresswire.com⁩/ -- Three Phase Sectionalizer Industry Surges Amid Global Energy Transformation ⚡ …

Powering the Grid: Aluminum Bare Wire Conductor Market Set to Reach $19.1 Billion by 2034 at 5.5% CAGR

🔌 Aluminum Bare Wire Conductor Market to Hit $19.1 Billion by 2034, Driven by Renewable Energy Expansion 🌱 WILMINGTON, DE, UNITED STATES, July 11, 2025 /⁨EINPresswire.com⁩/ -- ⚙️ Aluminum Bare Wire Conductor Industry Overview According to a …

Energy America Solidifies U.S. and Global Non-Chinese Supply Dominance Amid August 1 Tariffs

“Energy America Responds to Global Solar Crisis with Unmatched U.S. and Allied Production Capacity” SAN FRANCISCO, CA, UNITED STATES, July 10, 2025 /⁨EINPresswire.com⁩/ -- In response to recent global supply chain disruptions and shifting trade …

Climavision Selected by IRCAI and AWS for 2025 Compute for Climate Fellowship

LOUISVILLE, KY, UNITED STATES, July 10, 2025 /⁨EINPresswire.com⁩/ -- Climavision, the weather technology company combining proprietary radar networks with advanced numerical weather prediction (NWP) and AI forecasting, today announced it has been …

Carbon Capture Gains Momentum in Power Sector, Reaching $450.5 Million by 2032

CCS market grows with climate focus and tech advances, but high costs and policy gaps remain key hurdles to wider adoption in power generation. WILMINGTON, DE, UNITED STATES, July 10, 2025 /⁨EINPresswire.com⁩/ -- According to a new report …