In decades past, turmoil in the Middle East would send crude oil prices soaring, pushing up the cost of gasoline for drivers ...

The continued political division and widespread fragilities have hindered the authorities’ capacity to control public expenditure and enact necessary reforms. Unless spending is contained, the fiscal ...

The Executive Board of the International Monetary Fund (IMF) concluded the Article IV Consultation with Libya. The Executive Board’s decision was taken on a lapse-of-time basis.

Well-supplied markets and weakening demand for crude concern American drillers.

Conflict could be the catalyst for higher prices in the coming years as global production peaks and demand stays strong ...

Q1 2025 Earnings Call Transcript June 3, 2025 Operator: Greetings, and welcome to the NESR Reports First Quarter 2025 Financial Results Conference Call and Webcast. [Operator Instructions] As a ...

TRIPOLI: Libya's Mellitah Oil and Gas Company said on Tuesday Norwegian contractor Borr Drilling's Vali rig will start drilling eight offshore gas wells for the group soon, with the aim of producing ...

Libya’s state National Oil Corporation (NOC) announced yesterday that Mellitah Oil and Gas Company is preparing to drill eight gas wells in water depths of up to 100 meters in the offshore formation ...

Libya's Mellitah Oil and Gas Company said on Tuesday Norwegian contractor Borr Drilling's Vali rig will start drilling eight offshore gas wells for the group soon, with the aim of producing 160 ...

Libya’s impact on Malta’s security and defence presents serious challenges to the island. ... demanded that the rig immediately cease its oil-drilling activities.

One of the men took to social media to explain how they had set out from Libya and spent five days aboard a rubber dinghy ...

More than 30 migrants including two children have been stranded for three days on an oil rig off Tunisia and are in dire need of help, the Sea-Watch charity said on Monday.. A reconnaissance plane ...