German firm Wintershall confirmed Nov. 2 that protesters have demanded a shutdown of some of the production from oil fields in its concession areas in Libya.
An engineer at the field and a statement from protesters had said Nov. 1 that protesters had shut down 40,000 barrels per day from the fields.
The statement from protesters from the town of Ajkhara said they had taken the action because of the failure of the National Oil Corp. (NOC) to respond to local demands.
“As we understand the action is not targeting Wintershall,” Wintershall, BASF’s oil and gas subsidiary, said Nov. 2. “We are in close contact with the community and NOC about that, but please understand that we cannot comment further.”
Recommended Reading
SLB’s ChampionX Acquisition Key to Production Recovery Market
2024-04-21 - During a quarterly earnings call, SLB CEO Olivier Le Peuch highlighted the production recovery market as a key part of the company’s growth strategy.
PHX Minerals’ Borrowing Base Reaffirmed
2024-04-19 - PHX Minerals said the company’s credit facility was extended through Sept. 1, 2028.
BP Restructures, Reduces Executive Team to 10
2024-04-18 - BP said the organizational changes will reduce duplication and reporting line complexity.
Matador Resources Announces Quarterly Cash Dividend
2024-04-18 - Matador Resources’ dividend is payable on June 7 to shareholders of record by May 17.
EQT Declares Quarterly Dividend
2024-04-18 - EQT Corp.’s dividend is payable June 1 to shareholders of record by May 8.