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The Latest Breaking News from NOC

Libya to Increase Oil Production to 1.2 Million Bpd in Two Weeks

Libya's National Oil Corporation (NOC) aims to bring back production to 1.2 million barrels per day (bpd) in two weeks, NOC said in a statement early on Saturday. Current oil production is at 860,000 bpd, compared with 560,000 bpd before resuming production, NOC added. Libya's crude production had resumed at…

Asharq Al-Awsat

Libya says oil exports resumed after monthslong hiatus

Libya's National Oil Corporation says it resumed oil exports, ending a monthslong hiatus

The Independent UK

Libya Resumes Oil Exports from Es Sider Port

Libya resumed exporting crude oil from Es Sider port on Thursday, the oil ministry said on Thursday. Libya's Waha Oil Company resumed production at its fields with an initial capacity of 15,000 barrels per day, which is expected to reach 30,000 bpd by the end of the day, the ministry…

Asharq Al-Awsat

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Libya's new govt-appointed NOC chief says no change to company status

Farhat Bengdara, who was declared chairman of Libya's National Oil Corp last week by the Government of National Unity in Tripoli, said his appointment did not change the company's legal position after its validity was challenged.

Reuters

Libyan PM makes alliance with ex-enemy to cement ceasefire

Prospect of Abdul Hamid Dbeibeh and Khalifa Haftar burying differences may be welcomed by UN

The Guardian - UK

2 Defense Stocks to Beat the Bear Market

With a hawkish Fed and rising recession risk, there are very few areas for investors to find outperformance. One option is defense & aerospace stocks as these companies' revenues are pretty insulated from economic or monetary policy. Read on to find out why Lockheed Martin (LMT) and Northrop Grumman (NOC)…

StockNews.com

Libyan oil firm chief denounces Tripoli’s move to replace him

The National Oil Corporation claims Tripoli government forces stormed its headquarters to install new director.

Al Jazeera

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US Embassy alarmed by power struggle at Libya's oil company

The U.S. Embassy in Libya is voicing concern over the struggle for control of Libya’s oil corporation after its chairman was sacked

The Independent UK

Libyan parliament rejects Tripoli's move to sack state energy firm head

The energy committee of Libya's eastern-based parliament on Thursday rejected a government move to sack the head of National Oil Corporation (NOC), deepening a power struggle for control of the energy firm whose exports fund the entire state.

Reuters

Libya's NOC chief ignores government order firing him

The head of Libya's National Oil Corp (NOC), Mustafa Sanalla, ignored a government order sacking him on Wednesday as he returned to Tripoli from Islam's haj pilgrimage, but said he would make a speech later.

Reuters

Libya's GNU to Replace Oil Chairman Sanalla

Libya's Government of National Unity (GNU) moved to replace the National Oil Corp (NOC) chairman and board on Tuesday as control over the state energy producer was drawn further into a complex political standoff between rival factions. According to the text of the decision confirmed to Reuters by a GNU…

Asharq Al-Awsat

Why This Analyst Is Bullish On These 2 Stocks: XPeng And An American Defense Company

Gianni Di Poce is an analyst at The Mercator, a research company dedicated to the study of economic and financial market trends.

Benzinga

Be mindful while issuing NOCs for fuel outlets: NGT

‘Officials must clarify guidelines’

The Hindu

Here's How Much $1000 Invested In Northrop Grumman 10 Years Ago Would Be Worth Today

Northrop Grumman (NYSE:NOC) has outperformed the market over the past 10 years by 11.65% on an annualized basis producing an average annual return of 22.31%. Currently, Northrop Grumman has a market capitalization of $74.50 billion.

Benzinga

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StockNews.com

Protect Your Portfolio With These 3 Outperforming Defense Stocks

The heightened military spending globally due to the Russia-Ukraine war is creating lucrative opportunities for the defense sector. Given the solid prospects of the defense market, we think outperforming defense stocks Textron (TXT), Lockheed Martin (LMT), and Northrop Grumman (NOC) might be solid additions to one’s portfolio amid the ongoing…

The Hindu

Hijab row: Two Muslim girl students get NOC, one takes TC

The two girls had earlier held a press meet questioning the decision of the university to strictly implement uniform rule inside the campus

StockNews.com

4 Defense Stocks to Buy With Rising Geopolitical Tensions

The rising geopolitical tensions in eastern Europe have led to increased defense spending in the United States. Moreover, with new members joining NATO, American defense contractors are expected to benefit. Hence, prominent defense stocks Lockheed Martin (LMT), Northrop Grumman (NOC), Boeing (BA), and Raytheon (RTX) might be the ones to…

Benzinga

$100 Invested In Northrop Grumman 20 Years Ago Would Be Worth This Much Today

Northrop Grumman (NYSE:NOC) has outperformed the market over the past 20 years by 3.4% on an annualized basis producing an average annual return of 10.27%. Currently, Northrop Grumman has a market capitalization of $70.48 billion.

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Benzinga

BWX Technologies Secures Contract To Build Nuclear Microreactor In US

BWX Technologies, Inc. (NYSE:BWXT) has secured a contract from the U.S. Department of Defense (DoD) Strategic Capabilities Office (SCO) to build the first advanced nuclear microreactor in the U.S. BWXT Advanced Technologies LLC will build the prototype in Lynchburg, Virginia, and Euclid, Ohio, under a cost-type contract valued at around $300 million, depending…

Asharq Al-Awsat

Italy’s ENI, NOC Discuss Plans to Develop Libya’s Oil Fields

Chairman of Libya’s National Oil Company (NOC) Mustafa Sanalla held talks with General Manager of Eni North Africa Antonio Bolsari in Tripoli on Wednesday. Sanalla’s Advisor Bashir Grea, the General Manager of Legal Affairs Dr. Kalfallah Ibrahim and the Project and Maintenance Manager Najmi Karim attended the meeting. Several topics…

StockNews.com

2 Buy-Rated Companies That Recently Increased Their Dividend

Given the current market turmoil caused due to multi-decade high inflation, interest rate hikes, and fears of a possible recession, we think investors should secure themselves by investing in stocks that generate stable returns in the form of dividends. So, we think it could be wise to bet on Northrop…

StockNews.com

Protect Your Portfolio With These 5 Outperforming Aerospace & Defense Stocks

Increased global military spending and Biden's commitment to supporting Ukraine in the fight against Russia should benefit the aerospace & defense industry. Therefore, outperforming aerospace and defense stocks, L3Harris (LHX), Lockheed Martin (LMT), Northrop Grumman (NOC), Elbit Systems (ESLT), and General Dynamics (GD), could be solid investments.

Benzinga

Defense Companies Experience Supply Issues As Demand For US Weaponry Surges: FT

Northrop Grumman Corporation (NYSE: NOC) CEO Kathy Warden gave both good and bad news: the aerospace company anticipates increased demand for its weapons systems, but supply chain issues may hinder efforts to increase output,

Benzinga

$1000 Invested In Northrop Grumman 20 Years Ago Would Be Worth This Much

Northrop Grumman (NYSE:NOC) has outperformed the market over the past 20 years by 3.49% on an annualized basis producing an average annual return of 10.6%. Currently, Northrop Grumman has a market capitalization of $70.35 billion.

The Guardian - UK

Sydney Olympics were bought ‘to a large extent’, said Australian official John Coates

Comments by leading IOC official made in 2008 interview about payments were permitted under Olympic rules at the time

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