Biggest Libya Oil Field Stops Pumping on Pipeline Halt
Libya’s Sharara oilfield stopped pumping crude oil several days after output plunged at another of the OPEC member’s biggest deposits. View full article at www.bloomberg.com
Total snaps up Marathon’s assets in Libya
French energy company Total said Friday it spent $450 million to take on Marathon’s holdings in Libya after the latter company announced its divestment. The French company said it moved Continue Reading
New U.S. Sanctions Target Libyan Smugglers
A new round of U.S. sanctions targets Libyan smugglers to block the unauthorized exploitation of natural resources in the North African country, according to a new report by Reuters . Continue Reading
Libya Oil Field’s Halt Disrupts Crude Exports From Key Port
El-Feel protests disrupt output for first time in two months Oil field has output capacity of about 90,000 barrels a day Libya’s oil exports from the Mellitah terminal will be Continue Reading
Libya’s El Feel Oilfield Evacuated After Shutdown Threats
Libya’s National Oil Corporation has evacuated its workers from the El Feel, or Elephant, oil field amid threats from the field’s guards who are locked in a pay dispute with Continue Reading
Payment Delays Could Jeopardize Libya’s Oil Production
Delays in budget payments to the National Oil Corporation of Libya could threaten the country’s oil production, NOC’s chairman Mustafa Sanalla said in a statement. “The entire sector is suffering Continue Reading
Wintershall confirms Libyan oil production restart
German energy company Wintershall said it was able to restart production from a license area in Libya, which the government said was closed illegally. A spokesman for the company said Continue Reading
Libya Triples Oil Revenues In 2017 As Production Recovers
Libya’s oil revenues nearly tripled in 2017 to US$14 billion as the country managed last year to gradually recover its oil production, reaching 1 million bpd for the first time Continue Reading
Production restarting after repairs finished on Libyan oil pipeline: engineer
Repairs have been finished on a Libyan oil pipeline damaged in a suspected attack five days ago and production is restarting gradually, engineers said. The blast and resulting fire on Continue Reading
Libya oil company to fix blown-up pipeline in ‘very few’ days
Libya’s Waha Oil company plans to repair a crude pipeline blown up on Tuesday within a “very few” days, it said on Thursday. On Tuesday, the explosion, about 130 km Continue Reading