OMV Expects €200 Million Impact Due to Libyan Oil Disruptions
Austrian oil and gas company OMV announced on Tuesday that it expects a financial impact exceeding €200 million ($220 million) ...
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Tag: Force Majeure
UN Stresses Need for Equitable Management of Libya’s Oil Revenues
On Thursday, the United Nations Support Mission to Libya (UNSMIL) called for Libya’s oil revenues to be managed through the ...
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Libya Lifts Force Majeure on Oil Fields & Ports
On Thursday, the Libyan Parliament-designate government, led by Prime Minister Osama Hammad, lifted the state of force majeure on all ...
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Libya Faces Decline in Oil Exports Amid Political Turmoil
Libyan oil exports dropped by around 81% last week as the National Oil Corporation (NOC) cancelled shipments amid a crisis ...
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Oil Production in Libya Falls by 70%
Libya has suffered a significant blow to its oil industry, with reports revealing that the country has lost 70% of ...
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EU Demands End to Force Majeure on Libyan Oil Fields
On Saturday, the European Union issued a strong call for the immediate lifting of the force majeure status on Libya’s ...
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Oil Prices Surge 3% as Libya Suspends Production & Exports
On Monday, global oil prices jumped by 3% after Libya announced a halt in oil production and exports, sparking concerns ...
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Libyan Government Declares Force Majeure on Oil Production
The Parliament-designate government led by Prime Minister Osama Hammad, declared a state of "force majeure" on all oil fields, ports, ...
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Libya’s National Oil Corporation Declares Force Majeure at Sharara Oil Field
On Wednesday, the National Oil Corporation (NOC) declared a force majeure at the Sharara oil field. This decision comes amid ...
Read moreLibya’s NOC Declares Force Majeure on El Sharara Oil Field
The Libyan National Oil Corporation (NOC) has declared a state of force majeure at the El Sharara oil field, effective ...
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