A consortium comprising Repsol, TPAO, and MOL Group has officially signed a production-sharing agreement with Libya's National Oil Corporation (NOC) to initiate an offshore exploration campaign in Mediterranean Block O7

The year 2025 marked a significant milestone for Libya's National Oil Corporation (NOC), with crude oil production reaching a 10-year high of 1.374 million barrels per day. Driven by strategic drilling, infrastructure rehabilitation, and successful international marketing, the NOC generated $22.060 billion in total revenues.

Libya’s National Oil Corporation (NOC) has signed a Memorandum of Understanding (MoU) with Chevron to jointly evaluate the scale and commercial viability of the country's unconventional shale oil and gas resources.

Structures A&E is a landmark offshore development project in Libya, representing the first major gas initiative in the country since the early 2000s. This strategic partnership between Eni and the National Oil Corporation of Libya (NOC) is an $8 billion investment designed to bolster domestic energy supplies and secure gas exports to Europe.

Libya’s National Oil Corporation (NOC) has resumed testing on a 130-kilometre gas pipeline connecting the Intisar A/103 field to the Brega network, ending a 16-year delay to capture flared gas and increase export capacity.

Libya’s National Oil Corporation (NOC) and international partners have announced three new oil and gas discoveries across offshore and onshore basins. These advancements in exploration activities result from long-term contractual commitments.

Libya's National Oil Corporation (NOC) has entered into a strategic partnership with global energy major Chevron to explore the country's offshore potential. During a signing ceremony, NOC Chairman Engineer Masoud Suleman announced the execution of a memorandum of understanding (MoU) with Chevron.

There’s a clear shift happening in the Libyan market right now. Projects are finally regaining momentum, and the sense of opportunity is more tangible than it has been in years. However, the old rule still applies: Libya is not a place where you can just "show up" and expect a seamless operation.

The National Oil Corporation (NOC) has announced a major strategic milestone: SLB (formerly Schlumberger) is restructuring its Libya operations into an independent entity, LIG, separating it from broader North Africa management. Returning to its pre-2011 operating structure, this move signals a powerful recovery in Libya's oil and gas sector, promising increased production, greater operational flexibility, and renewed appeal to international investment.

Energy major Eni has announced two substantial new gas discoveries offshore Libya, resulting from a recently initiated exploration campaign. Preliminary estimates indicate the combined structures contain more than 1 Trillion cubic feet (Tcf) of gas in place.

The Mabrouk oil field in Libya has officially restarted and ramped up operations, hitting initial pumping rates of up to 30,000 barrels per day (bpd) following the successful launch of a new early production unit

talian energy major Eni and UK-based BP have officially commenced drilling operations at the Matsola exploration prospect in the Sirte Basin. Confirmed on January 22, this marks Libya’s first deepwater offshore well in 17 years, signalling a major return of international activity to the country's offshore sector following a period of improved stability.

Libya’s oil and gas sector has achieved a "formidable bounce back," marked by record production levels and the return of global energy giants including TotalEnergies, ConocoPhillips, Chevron, and Eni. The African Energy Chamber (AEC) has hailed this surge in investment as a historic turnaround for the nation, driven by renewed operational stability and competitive fiscal terms.

Italian energy major Eni has confirmed it will bring the Bahr Essalam gas compression project online by the end of Q1 2026, a critical move that will add approximately 100 million standard cubic feet per day (mmscfd) to Libya’s domestic gas supply. The announcement, made at the Libya Energy & Economic Summit (LEES) 2026, coincides with a major infrastructure overhaul led by the National Oil Corporation (NOC).

The Libya Energy & Economic Summit (LEES) 2026 opened in Tripoli on January 24, 2026, marking a decisive phase in the nation's energy recovery. Prime Minister Abdulhamid Al-Dbeibeh and NOC Chairman Masoud Suleiman unveiled critical updates on production milestones and the country's first major upstream licensing round in over 17 years.

Libya’s National Oil Corporation (NOC) has unveiled a comprehensive strategic plan to nearly double the country's crude oil refining capacity from 380,000 barrels per day (bpd) to 660,000 bpd. The initiative aims to modernise the downstream sector, eliminate a costly dependency on fuel imports, and position Libya as a key regional energy supplier.

The National Oil Corporation (NOC) has successfully concluded its 2025 General Assembly meetings in Sabha, unveiling a comprehensive set of directives to guide the sector through 2026.

Libya’s Waha Oil Boosts Gas Output to Stabilise National Grid

Libya’s oil and gas sector in 2025 has been defined by a return to stability and a focus on long-term infrastructure health. Moving past the volatility of previous years, the National Oil Corporation (NOC) has successfully maintained production above the psychological 1.2 million barrels per day (MMb/d) threshold for the majority of the year.

NOC, Eni & BP Launch First Deepwater Exploration Well