Libyan Prime Minister Abdul Hamid Dbeibah in 2021
Explorers return to Libya despite fragile security
Peace means progress for Libya’s upstream, but disruption is never far away
Storm clouds are once again circling Libya’s energy sector amid renewed clashes between rival factions. It comes after a period of calm, with major energy companies having a tentative sense of confidence that may still be borne out. IOCs BP and Eni have lifted their decade-long force majeure on Libyan hydrocarbons development, clearing the way for major exploration projects. The two companies, along with Algerian state oil and gas producer Sonatrach, made the move on 3 August, according to Libya’s National Oil Corporation (NOC). NOC officials have been saying for months that security conditions have improved in Libya, with a ceasefire in its civil war agreed in 2020 largely holding. The conf
Also in this section
24 December 2025
As activity in the US Gulf has stagnated at a lower level, the government is taking steps to encourage fresh exploration and bolster field development work
23 December 2025
The new government has brought stability and security to the country, with the door now open to international investment
23 December 2025
A third wave of LNG supply is coming, and with it a likely oversupply of the fuel by 2028
22 December 2025
Weakening climate resolve in the developed world and rapidly growing demand in developing countries means peak oil is still a long way away
