Manama, Bahrain --- Bapco Energies BSC (Closed), Bahrain’s integrated energy company, announced force majeure on its group operations on Monday. The company said the move follows the ongoing regional conflict in the Middle East and a recent attack on its refinery complex. Bapco Energies said all local market needs remain...
Libya declares ‘force majeure’ at major oilfield amid protests
Tripoli, Libya -- Libya's state-owned energy firm said on Sunday it had declared a state of "force majeure" at Al-Sharara oilfield after production at the major facility was suspended due to protests. The National Oil Corporation (NOC) said in a statement it had taken legal action for the southwestern oilfield, which...Libya oil firm lifts force majeure at terminals, groups end blockade
Force majeure is a legal measure allowing companies to free themselves from contractual obligations in light of circumstances beyond their control.
Libya’s National Oil Corporation lifts force majeure at key terminals
Force majeure is a legal measure allowing companies to free themselves from contractual obligations in light of circumstances beyond their control. Libya's National Oil Company has repeatedly resorted to the mechanism amid blockades of oil installations throughout the years of violence and political upheaval.
Libya’s National Oil Corporation announces closure of Al-Fil oil field
Libya's National Oil Corporation announced Sunday the closure of production at a major oil field in the country's south, declaring a "force majeure". "On Saturday... the Al-Fil field was subjected to arbitrary closure attempts, due to the entry of a group of individuals and the prevention of the field's workers...
