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Libya’s oil production rose by 3,000 barrels per day (bpd) to 1.186 million bpd on Thursday, according to the National Oil Corporation (NOC), as the African OPEC member exempted from Continue Reading
The Nigeria-Morocco Gas Pipeline Project is an initiative of the Federal Government of Nigeria and the Kingdom of Morocco. The Group Chief Executive Officer of the Nigerian National Petroleum Company Continue Reading
Italian energy group Eni (ENI.MI) said on Wednesday it had agreed to acquire BP’s (BP.L) business in Algeria, including two major gas fields. Eni said it would take BP’s stakes Continue Reading
Renewed clashes broke out over the weekend in oil-rich Libya’s capital as militia forces aligned with the Government of National Unity (GNU) moved to ensure continued control after a failed Continue Reading
Charred cars and buildings pockmarked by bullets scarred Libya’s capital on Sunday, the day after intense fighting killed 32 people yet appeared to leave the Tripoli government more firmly entrenched. Continue Reading
Deadly clashes in Tripoli, Libya, erupted over the weekend between armed groups loyal to rival political leaders. The oil-rich nation has been racked with violence since 2011. Photo: Hazem Ahmed/Reuters Continue Reading
Intense fighting erupted in the Libyan capital overnight and lasted into Saturday morning, with rival factions exchanging heavy gunfire and the sounds of several loud blasts ricocheting around the city. Continue Reading
An entrance of the oil refinery of Eni is seen in Taranto, southern Italy, September 21, 2018. REUTERS/Alessandro Bianchi/File Photo MILAN, Aug 24 (Reuters) – The chief executive of Eni Continue Reading
Egypt is struggling with high inflation and dwindling financial reserves. High natural gas prices and increasing LNG exports could help Cairo fill its coffers again. Egypt needs to improve regional Continue Reading
Libya’s oil production is now at 1.211 million barrels per day (bpd), according to the country’s National Oil Corporation (NOC)—a level last seen before the port blockades that began this Continue Reading
Libya’s oil production is bouncing back from the latest oil blockade that was triggered in the aftermath of failed elections. Libya’s oil production reached 1.2 million barrels per day after Continue Reading
Libya’s crude production has returned to 1.2 million b/d after the lifting of force majeure on oil fields and exports on July 15, state-owned National Oil Corp. said July 31, Continue Reading
Libya ramps up production to 1.1 million bpd following the resumption of exports. NOC looks to reach ‘normal’ rates of 1.2 million bpd within the next two weeks. The recent Continue Reading
Libya boosted oil production to more than 1 million barrels a day, a milestone for the North African country where output had more than halved since mid-April. The OPEC member, Continue Reading
Libya’s crude oil production has reached 860,000 b/d with a target of 1.2 million b/d in two weeks, National Oil Corp. said on Twitter and Facebook on July 23. Under Continue Reading
Clashes broke out in the Libyan capital, Tripoli, overnight, between militia forces just days after a deal that saw the country relaunch oil production and exports after a months-long force Continue Reading
Libya’s oil and gas minister in the UN-backed Government of National Unity expects oil production to return to “normal” levels of 1.2 million b/d in a week to 10 days Continue Reading
Libya’s El Feel oilfield resumed production on Tuesday, according to Libya’s National Oil Corporation, after being shut in for nearly three months. The initial capacity for El Feel is 40,000 Continue Reading
Ousting of NOC chairman Sanalla may not lead to more stability in Libyan oil exports. Libya produced around 650,000 bpd of crude in June. Ongoing disagreement about a fair distribution Continue Reading
TotalEnergies SE , Eni SpA and Occidental Petroleum Corp. struck an agreement with Algeria to develop the Berkine basin, reflecting growing interest in the nation’s energy resources as importers pull Continue Reading
Militias mobilized overnight in the Libyan capital, Tripoli, as tensions rise amid the take-over of the National Oil Company (NOC) and the alleged lifting of force majeure at all oilfield Continue Reading
Libya’s National Oil Corp. expects five tankers to load crude from oil terminals over July 19-July 21, after the new management of the state-owned company lifted force majeure following a Continue Reading
Libya, which replaced the board of state-owned National Oil Corp., is loading its first cargo of condensate since the lifting of force majeure from all ports and fields, though the Continue Reading
Two Libyan tribal figures involved in a blockade of oil exports that has reduced output by 850,000 barrels per day said they expect the government-installed National Oil Corporation chief to Continue Reading
The new head of Libya’s National Oil Corp. has vowed to end a blockade, double crude production to 1.2 million barrels a day and protect existing contracts with foreign oil Continue Reading
Highlights Libyan oil production languishing at two-year lows due to oil blockade Bengdara appointment could further politicize Libyan oil Libya’s oil sector could see more political turmoil after the Government Continue Reading
Libya’s government in Tripoli has reportedly appointed a new board to govern the National Oil Company (NOC), with interim Government of National Unity prime minister dismissing long-time chairman Mustafa Sanalla Continue Reading
Egypt’s non-oil private sector economy had its worst performance in two years as demand slumped after a sharp spike in prices and the pound’s devaluation while businesses struggled to secure Continue Reading
Protesters broke into Libya’s parliament in Tobruk on Friday evening and set a fire in front of the building to express their anger towards Libya’s warring political parties, witnesses told Continue Reading
The Brega oil port in Marsa Brega, Libya. Source:: -/AFP/Getty Images Libya’s oil exports have fallen to about a third of last year’s level after the worsening political crisis prompted Continue Reading
As Europe seeks to wean itself off Russian natural gas, Algeria, Niger, and Nigeria have revived a decades-old, multi-billion-dollar gas project. The Trans-Saharan Gas Pipeline (TSGP) could send up to Continue Reading
The OPEC member is suffering a worsening political crisis. Libya’s state oil company suspended shipments from the key eastern port of Ras Lanuf, according to people familiar with the matter, Continue Reading
Highlights Gulf of Sirte includes Es Sider, Brega, Ras Lanuf and Zueitina ports Force majeure could be declared in in 72 hours, says NOC chairman Production has fallen by almost Continue Reading
A worker arranges freshly baked bread for sale at the Al-Monira market in Cairo, Egypt. Sign up for our Middle East newsletter and follow us @middleeast for news on the Continue Reading
Bashaga: It’s unlikely that Libya will descend into a full-blown civil war again. Without a unified government, Libya’s oil exports will remain unstable in the short-to-midterm. As of the middle Continue Reading
An oil and gas platform off the coast of Libya in the Bahr Essalam Gas Field and Bouri Oilfield. Photographer: Antonio Sempere/Europa Press/Getty Images Sign up for our Middle East Continue Reading
Libya’s oil production has almost completely halted because of a political stalemate, officials told media, during a time of heightened global concerns over the supply of crude. The Libyan Ministry Continue Reading
A new blockade of Libyan oil facilities has greatly reduced production levels, hitting an already tight global market and adding to fears an internal political stalemate could spark new fighting. Continue Reading
Libya’s oil output is 100,000-150,000 barrels per day (bpd), a spokesman for the oil ministry said on Tuesday, a fraction of normal levels due to the shutdown of production and Continue Reading
The relentless oil price is causing economic havoc around the world, and Libya represents a major supply risk that could send prices even higher. The recent failed attempt by Bashagha Continue Reading
The Brega oil port in Marsa Brega, Libya. Source: -/AFP Libya’s oil production has almost fully halted as a political crisis leads to more shutdowns of ports and fields. The Continue Reading
Algeria suspended a 20-year friendship treaty with Spain this week and moved to limit trade with its northern neighbour, raising more questions about the potential impact on the long-established gas Continue Reading
Libyan oil production and exports are set to drop again after two export terminals were blocked on Thursday, and protesters threatened on Friday to close another oil port. Groups of Continue Reading
Protestors shut Sarir oilfield, Es Sider terminal Threat to exports at Ras Lanuf Port Analysts expect larger, longer supply outages Libya’s oil sector has been hit by more supply disruptions Continue Reading
The In Salah Gas (ISG) Krechba Project in the Sahara desert near In Salah, Algeria. Want the lowdown on European markets? In your inbox before the open, every day. Sign Continue Reading
Protestors shut Sarir oilfield, Es Sider terminal Threat to exports at Ras Lanuf Port Analysts expect larger, longer supply outages Libya’s oil sector has been hit by more supply disruptions Continue Reading
Algeria suspended a 20-year-old friendship treaty with Spain that committed the two sides to cooperate in controlling migration flows, and also banned imports from Spain, escalating a row over Madrid’s Continue Reading
For many Libyans, clashes that erupted in the capital of Tripoli last month were all too familiar — a deja vu of street fighting, reverberating gunfire and people cowering inside Continue Reading
Libya is losing another 22,000 barrels per day due to a pipeline leak at the Sarir Tobruk oilfield blamed on delayed budgets that have left the operating company unable to Continue Reading
