Libya holds Africa’s largest proven reserves (48 billion barrels) and has lifted output back toward 1.4 million bpd.

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 ...

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 ...

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.

CAIRO — Libya’s state-run oil company said Thursday it was restarting full oil production, almost two months after shutting down operations in two of its major fields amid a political crisis. The ...