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Offline for a Decade, Libya’s Mabruk Field Restarts Production

OilPrice

Libya has resumed production at the Mabruk oilfield after a decade-long shutdown, the Tripoli-based Government of National Unity (GNU) revealed on Wednesday. Production officially restarted on Sunday at an initial rate of 5,000 barrels per day, with plans for an increase to 25,000 bpd by July. mb/d currently to 2 mb/d in 2028.

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Space Sector Success Adds Billions to UK Economy

OilPrice

The field has secured 80m more in European Space Agency (ESA) contracts than government contributions in late 2024, the highest return for any ESA member state. Science secretary Peter Kyle has hailed the UK space sectors recent achievement as proof that the UK is a launchpad for innovation and investment.

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Kazakhstan in Talks With Big Oil to Cut Output

OilPrice

The government of Kazakhstan is talking with the supermajors operating its oil fields to reduce production in line with the OPEC+ agreement to which the Central Asian country is a party.

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Ecuador’s President Noboa demands $1.5 billion early payment for major oil deal

Oil & Gas 360º

billion, 20-year deal to take over the 75,000 barrel per day Block 60, or Sacha oil field. While the government has said that the consortium will boost production and revenue from Sacha, the planned handover without a tender has sparked criticism from former oil industry officials, trade unions, and politicians.

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US okays Rhum field licence extension

Offshore Energies UK

The US government has extended by a further two years the secondary sanctions assurance relating to the UK Rhum field, which is half owned by Iran, the other owner Serica said February 27. The field has benefited from an OFAC licence continuously since 2013 and the licence was last renewed two years ago.

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Forward Thinking on talent, state capacity, and being hopeful with Tyler Cowen

McKinsey

A prominent economist, author, podcaster, and talent investor discusses how to better match human talent to opportunities, de-bureaucratize philanthropy, achieve higher-quality governance, and identify fields of likely progress, and how to get it all done.

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Egypt, Global Energy Leaders Hold Talks on Field Development, Production, Investments at CERAWeek 2025

Egypt Oil & Gas

The meeting further tackled Baker Hughes role in enhancing technological progress in the oil and gas sector, as well as providing advanced engineering and technical solutions for deepwater offshore fields. In a separate meeting , Badawi talked with Patrick Pouyann , Chairman and CEO of TotalEnergies.

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