12 May 2026
12 May 2026
The deal ends long-standing international legal disputes in Libya’s oil sector and returns control of the Ras Lanuf complex to Libya.
Awarded via the Office of Petroleum Reserves, the contracts source crude from Bayou Choctaw, Bryan Mound, Big Hill and West Hackberry.
The company's sales revenues rose by 11.7% to $23.5bn (114.84bn reais) from $21.1bn in Q1 2025.
The three-year contract is scheduled to start in Q3 2026 and includes two optional one-year extension periods.
The proposed plant would provide flexible dispatchable power for southern Germany as the region phases out nuclear and coal, with hydrogen readiness built into the design.
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