Libyan chemical industry news

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  16 February 2026

  Chevron Secures Four Offshore Leases for Greek Exploration

  Chevron and HELLENiQ ENERGY sign agreements for offshore exploration in Greece, focusing on seismic work to assess hydrocarbon potential. Awaiting Greek Parliament ratification.
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  11 February 2026

  QatarEnergy Secures Libya Offshore License

  QatarEnergy and Eni win rights to explore offshore block O1 in Libya's Sirte Basin, marking the first Libyan bid round since 2007.
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  11 February 2026

  Eni Secures Offshore Exploration License in Libya

  The consortium will explore a 29,000 sqkm block in the Sirte Basin, conducting seismic and drilling activities over five years. Agreement signing is expected in Tripoli by February's end.
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  11 February 2026

  MOL Group Joins Repsol and TPAO in Libyan Offshore Venture

  The consortium won rights to explore Libya's O7 offshore block, covering 10,300 km² in deepwater, enhancing supply security and diversifying sources.
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  4 February 2026

  OMV Reports EUR 4.6 Billion Clean CCS Operating Result for 2025

  OMV's 2025 results show strong cash flow, low leverage, and improved chemicals and fuels performance, despite lower energy results. Dividend proposed at EUR 4.40 per share.
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  30 January 2026

  MOL Group Partners with Libya's NOC in Oil Industry

  The partnership focuses on hydrocarbons exploration, tech innovation, and crude trading, aiming to enhance international portfolios and foster educational ties.

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  26 January 2026

  TotalEnergies Extends Waha Concessions in Libya to 2050

  TotalEnergies signed an agreement to extend Waha Concessions, boosting production and investing in the North Gialo field to add 100,000 boe/d.
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  29 October 2025

  OMV Boosts Q3 2025 Clean CCS Operating Result by 20% to EUR 1.3 Billion

  Fuels and Chemicals drive growth; Energy segment declines. Cash flow up 7%, leverage at 16%. Progress on Borouge Group and Neptun Deep project.
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  24 October 2025

  Eni Q3 and Nine-Month 2025 Results

  Strong Q3 performance with increased cash generation, share buyback, and production growth. Strategic projects in LNG, biorefining, and CCUS advance, maintaining low leverage and stable dividends.
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  6 October 2025

  OMV Updates Dividend Policy, Focuses on Growth Investments by 2030

  OMV targets sustainable growth, boosts cash flow, and enhances shareholder returns, while aiming for net-zero emissions by 2050.
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  6 October 2025

  TotalEnergies Appoints Nicola Mavilla as SVP Exploration

  Nicola Mavilla, with 25 years in oil and gas, replaces Kevin McLachlan. He has held key roles at Eni and holds a Ph.D. in Geology.
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  31 July 2025

  OMV Reports EUR 5.79 bn Sales in Q2 2025

  Q2 2025: Strong chemical results, low leverage, ongoing Borouge integration, and green hydrogen projects. Energy segment hit by lower oil prices; Fuels & Feedstock affected by shutdowns.