Tag Archives | Shell

Glencore "Loses Exclusive Rights" to Sarir & Messla Oil

By John Lee. Glencore has reportedly lost its exclusive marketing rights for the Sarir and Messla oil export grades. Sources told Reuters that since the end of 2018 anyone can buy these grades, and that both Shell and BP have taken some. The Switzerland-based commodities giant originally won the rights to in late 2015, when […]

Shell, BP to Buy Libyan Crude

By John Lee. Bloomberg reports that Shell and BP have agreed annual deals to buy Libyan crude oil. Sources told the news agency that Shell’s deal is the first of its kind since 2013, and that the first cargo of 600,000 barrels will start to be loaded from Zueitina port on Saturday. BP, which didn’t […]

Shell Buys from Libya after 5-Yr Absence

By John Lee. Shell has reportedly lifted a cargo of 600,000 barrels of crude oil from Zueitina port, its first from country in 5 years. While not giving any specific details of the deal, a Shell spokesperson said the company’s Shell International Trading & Shipping (STASCO) said “has a history marketing Libyan crudes. We welcome […]

Interview: New LIA boss plans to fund Libyan Infrastructure

By Adam Nathan. The newly-appointed Chief Executive Officer (CEO) of the Libyan Investment Authority (LIA), the country’s sovereign wealth find, which holds $67 billion of assets, said he is seeking to work and co-invest with international investors including major oil companies to boost his country's wealth. In his first interview with the media, Mr Ali Shamekh […]

Oil Exports Resume from Brega

Oil exports from the Libyan port of Marsa al Brega have reportedly resumed following the lifting of the force majeure. Deputy oil minister Omar Shakmak told Dow Jones on Monday: "A few tankers have left the port after we lifted the force majeure on 22nd August ... The port is now operating as normal and […]

Libyan Firm May Buy French Refinery

Libyan firm Murzuq Oil is reported to be one of two bidders short-listed by administrators to buy the troubled Petit-Couronne refinery in Normandy, France. The fate of the 154,000-barrel-a-day refinery has been uncertain since Swiss-based Petroplus filed for insolvency in January 2012. The offers from Murzuq Oil and Dubai-based Netoil, will be sent to the […]

Shell Still Interested in Libyan Oil Exploration

Shell said on Wednesday that it remained interested in oil and gas exploration opportunities in Libya after abandoning drilling in two blocks earlier this year, according to a report from Reuters. In May of this year, Shell Exploration and Production Libya GmbH told the National Oil Corporation (NOC) that it intended to suspend and abandon […]

Libya Criticises Shell over Operations Suspension

Libya's National Oil Corporation (NOC) accused Royal Dutch Shell on Monday of failing to meet its commitments in Libya and said the London-listed company's decision to abandon two wells was not based on an objective assessment. Shell decided in May to suspend drilling, and abandoned exploration in two Libya blocks due to disappointing results. The NOC said […]

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