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NEWS BRIEF
Why Pumping More Oil Isn’t Making Libya Richer.
Libya’s oil sector stands at a strategic crossroads, with a recent bid round sparking renewed debates regarding production, reform, and investment risks. However, Libya’s primary hurdle is no longer geology or investor appetite, but rather a severely outdated governance model. Generating sustainable economic value in today's benchmark-priced oil market requires strict cost discipline, institutional separation, and effective governance, rather than merely chasing production vo
The Market Research Team
Feb 113 min read
Libya’s Energy Sector Comeback: Majors Commit Over $20bn in New Deal.
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.
The Market Research Team
Jan 282 min read
Eni to Boost Libya’s Gas Output by Q1 2026; NOC Commits $2 Billion to Grid Modernisation
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 Market Research Team
Jan 272 min read
Libya -Major Agreements Signed & Licensing Round Results Due in February.
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.
The Market Research Team
Jan 262 min read
Libya’s NOC Targets 660,000 BPD Refining Capacity to End Fuel Import Dependency
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 Market Research Team
Jan 172 min read
NOC Sets Strategic Roadmap for 2026 Following Sabha General Assembly
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.
The Market Research Team
Jan 72 min read
African Energy 2026 Outlook: $41 Billion Investment to Drive 14 Key Projects
Market Overview Africa’s energy sector is positioned for major expansion, with upstream oil and gas investment forecast to reach $41 billion in 2026.
The Market Research Team
Dec 30, 20252 min read
Mozambique: Africa’s Primary Gas Hotspot for 2026
Mozambique is entering a pivotal transition in 2025–2026, shifting from a period of security-related suspensions to a phase of massive capital mobilisation. With nearly $60 billion in combined LNG investments, the country is positioned to become one of the world's top ten LNG exporters by the next decade.
The Market Research Team
Dec 18, 20252 min read
Libya Nears Final Stage of First Oil & Gas Bid Round in 17 Years
Libya Nears Final Stage of First Oil & Gas Bid Round in 17 Years
Omar Aininou
Nov 20, 20252 min read
Africa’s Oil & Gas M&A Poised for 2026 Surge
Africa’s oil and gas industry is on the verge of a major surge in mergers and acquisitions (M&A) set for 2026. This trend is driven by international companies realigning their portfolios and new licensing rounds opening up fresh exploration opportunities. Here are the key takeaways from the "State of African Energy 2026 Outlook": Consolidation is Key: The African oil and gas sector is expected to see "significant consolidation" in 2026, particularly among midsize and indepen
Omar Aininou
Nov 7, 20252 min read
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