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Why Are the Supermajor Oil Companies Rushing into Libya at the Same Time?
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Why Are the Supermajor Oil Companies Rushing into Libya at the Same Time?
In a move that feels like a seismic shift in the global energy landscape, the world’s biggest oil giants—ExxonMobil, Chevron, BP, Shell, TotalEnergies, and Eni—are all piling into Libya simultaneously after more than a decade of steering clear. It’s the first major exploration bidding frenzy in the North African nation since 2007, and it’s got analysts buzzing. As Giacomo Prandelli astutely lays out in his Substack piece “Sleeping Oil Giant Awak…
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