The National Oil Corporation (NOC) of Libya has officially announced the winners of its first public oil and gas exploration bidding round in over 17 years. Held at the Rixos Hotel in Tripoli, the milestone event awarded prime investment opportunities to major international energy firms, including Chevron, Eni, and Repsol. Supported by the Government of National Unity's "Return to Life" initiative, this strategic move aims to double the nation's crude oil production, restore

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

The core of Libya's energy resurgence is marked by two significant new finds, showcasing the country's enduring geological potential

Libya Nears Final Stage of First Oil & Gas Bid Round in 17 Years

Big news from Libya's energy sector, as the National Oil Corporation (NOC) and its subsidiary Zallaf Oil and Gas have officially launched construction of the Southern Refinery.

Historic Launch: In March 2025, Libya’s National Oil Corporation (NOC) announced its first oil and gas exploration bidding round in over 17 years, signaling a major revival of the country’s energy sector. Global Invitation: Libya is inviting international partners and investors to explore 22 blocks (11 onshore, 11 offshore) across its most promising hydrocarbon basins. Modernized Framework: The initiative features a new Production Sharing Agreement (PSA) model, replacing the

A significant development in the global energy landscape: Libya's new onshore oil discovery is poised to reshape the North African energy sector. This is more than just a new find; it's a strategic game-changer for Libya and its international partners. This isn't just another discovery; it's a commercially strategic find that leverages existing infrastructure and shifts the investment calculus for North Africa. 1 . The Asset: Bolstering 48.4 Billion Barrels. The discovery re