Libya took a major step toward reviving its battered oil industry by reopening its biggest field, presenting a new headache for OPEC+ as the alliance of major producers tries to curb global supplies.

After more than a decade of instability, U.S. and European majors such as ExxonMobil, Chevron, Shell, BP, and Eni are re-entering Libya. Libya’s UN-recognized government is courting Washington to ...

The deal involves more than $20 billion in foreign-financed investment, Libyan Prime Minister Abdulhamid al-Dbeibah said.

BP will evaluate hydrocarbon prospects in Messla and Sarir as it reopens Tripoli office by late 2025. Shell will conduct feasibility studies on Libyan oil fields fully owned by the National Oil ...

The fourth-largest country in Africa, the continent’s second-biggest oil producer, has been terra incognita for the petroleum industry for a decade and a half. Since Libya’s 2011 revolution, its oil ...

With more than 40 companies having now registered their interest in Libya’s first oil field licensing round since the removal of Muammar Gaddafi as leader in 2011, the National Oil Corporation (NOC) ...

WASHINGTON - The United States' move Monday toward normalized relations with OPEC member Libya should help the African nation in its quest to expand its crude oil production capacity, experts said.

LONDON (Reuters) - Pro-Gaddafi fighters may resort to hit-and-run guerilla attacks against Libyan politicians, foreign workers and oil installations in the remote southwestern Fezzan district if they ...

BENGHAZI, Libya (Reuters) - Staff have been evacuated from three oil fields in eastern Libya because of fears of attacks by Islamic State militants, but production has not been affected because the ...