Attacks on oil and gas facilities, along with political instability, are damaging Libya’s oil and gas industry. Ongoing militant attacks on hydrocarbon installations in Libya have helped stem the production Continue Reading
With pressure on the sector easing, a subsidiary of field services company Schlumberger said it secured a multi-million dollar contract for offshore Egypt. Schlumberger, which has headquarters in Houston, is Continue Reading
BP sanctions the development of the Atoll Phase One project in Egypt. BP announced Monday that, together with the Egyptian Natural Gas Holding Company (EGAS), it has sanctioned the development Continue Reading
British energy company BP said Monday it was putting a deepwater natural gas project in Egypt on the fast track to development. BP and its regional partner, the Egyptian Natural Continue Reading
Fighters aligned with Libya’s unity government on Friday during the advance on Sirte. Forces aligned with Libya’s internationally backed unity government closed in on the center of the Islamic State Continue Reading
Forces aligned with Libya’s unity government said on Friday they had taken control of the port of Sirte, making further gains in Islamic State’s North African stronghold. Brigades largely composed Continue Reading
Image caption Forces loyal to the unity government in Tripoli fought street battles with IS to take Sirte’s port back Libyan forces say they have re-taken control of the port Continue Reading
A new natural gas discovery on the coast of Egypt’s Nile Delta has been made by Eni and British Petroleum (BP). The two companies own a 50-50 share of the Continue Reading
Image caption Government forces say they have already captured several strategic areas on Sirte’s outskirts Significant gains have been made by Libyan government air, sea and land forces fighting to Continue Reading
Libyan forces loyal to a U.N.-brokered government have advanced deep inside the coastal city of Sirte, the main stronghold of the Islamic State group’s local affiliate, officials said Wednesday. Brig. Continue Reading
