Oil exports fetch USD 1.4 billion in Libya - BRAZIL-ARAB NEWS AGENCY (ANBA)

07/ MAY /2020
Philippe Roy/AFP

São Paulo – Libya saw LYD 1.98 billion in oil export revenues year-to-date through April, an amount equivalent to roughly USD 1.4 billion, African news outlet Panapress reported quoting official Central Bank of Libya numbers. Libya is an Arab country located in the African continent.

Libya is struggling with maintaining its oil at full capacity, as a result of political unrest since the ousting of dictator Muammar Gaddafi in 2011. The Government of National Accord is officially ruling over the country, however opposing forces do not recognize its authority, and are controlling part of Libya’s territory.

Libya’s National Oil Company (NOC) recently said that a blockade of oil-producing areas as a result of fighting since January has trimmed daily oil output down to between 92,000 and 72,000 barrels per day, from a prior 1.2 million bpd.

Noble Energy laying off dozens in Israel - GLOBES

3 May, 2020 15:59
Amiram Barkat

Sources in Israel stress that the layoffs will not affect the flow of gas from the offshore rigs or the service that the company provides its customers.
US energy exploration and production company Noble Energy Inc. (NYSE: NBL) has begun laying off dozens of employees in Israel as part of its international streamlining plan.

The company, which operates the Tamar and Leviathan gas fields, has several hundred employees in Israel, some on the gas rigs themselves and others in its Israel head office in Herzliya. Sources in Israel stress that the layoffs will not affect the flow of gas from the offshore rigs or the service that the company provides its customers.