Is Libya’s Oil Output Set For A Steep Drop?
Libya’s National Oil Corporation has warned that the country’s crude oil production could drop sharply over the next nine months if the government in Tripoli does not release funds already Continue Reading
Libya’s Oil Industry Turns To China For Help
Libya NOC representatives traveled to China today to discuss China’s interest in helping to restore Libya’s oil industry that has suffered through years of civil unrest, according to the Libya Continue Reading
Oil Glut Could Worsen As Libya’s Civil War Ends
While the Persian Gulf crisis continues to escalate, oil markets have put Libya’s ongoing civil war on the backburner. This weekend, the shutdown of OPEC producer Libya’s giant Sharara field Continue Reading
Libya Lifts Force Majeure After Giant Sharara Field Starts Pumping Again
Libya has lifted its force majeure on Monday after it stopped loading crude oil for the weekend from the Zawiya terminal following the suspension of production from the country’s largest Continue Reading
Libya’s NOC declares force majeure at key Sharara oilfield after valve closure
Libya’s state oil company National Oil Corporation (NOC) declared force majeure late on Saturday at the country’s largest oilfield, El Sharara, after it was shut down the previous day due Continue Reading
Libya’s Oil Revenue Takes A Beating
Libya’s oil revenue took a beating in the first half of 2019 , according to its central bank as reported by Reuters. In the first six months of the year, Continue Reading
Libya’s Tripoli Government Blames U.A.E. for Deadly Airstrike
Libya’s United Nations-backed government blamed the United Arab Emirates for an airstrike that killed more than 50 people in Tripoli this week, suggesting a new level of foreign intervention in Continue Reading
Is This A Turning Point In Libya’s Civil War?
Libya’s civil war has taken a catastrophic turn, plunging the country even deeper into crisis. An airstrike hit a detention center for migrants on the outskirts of Tripoli, killing at Continue Reading
National Oil chairman says Libya must remain exempt from any OPEC production cuts
Libya must remain exempt from any OPEC production cuts, the country’s National Oil Corp quoted its chairman, Mustafa Sanalla, as saying in a tweet. Sanalla also said Libya has the Continue Reading
The Libya Conflict Just Took A Very Dangerous Turn
The conflict in oil-rich Libya has now widened to directly include Turkey, with General Khalifa Haftar launching an air strike on a Turkish drone and then seeking to calm the Continue Reading
In battle for Libya’s oil, water becomes a casualty
While Libya’s oil lies at the heart of three months of fighting over Tripoli and years of power struggles before that, water is becoming a far bigger concern for its Continue Reading
American Missiles Found in Libyan Rebel Compound
Bryan Denton for The New York Times Libyan government fighters discovered a cache of powerful American missiles, usually sold only to close American allies, at a captured rebel base in Continue Reading
Libya’s GNA Deals Blow To Haftar Forces Outside Tripoli
Forces of the UN-recognized Government of National Accord in Libya have seized a town near Tripoli that served as the main supply base for the Libyan National Army of General Continue Reading
Libya’s Oil Production Could Double Within 5 Years
Despite frequent oil field outages and now an open conflict between the UN-recognized government and the eastern-affiliated LNA, Libya’s oil production could double to 2 million bpd by 2023, IHS Continue Reading
Air Strike Hits NOC Warehouse In Libya
In what is the first confirmed strike against a foreign-owned oil asset, Libya’s National Oil Corporation said a warehouse in Tripoli that it owns jointly with Italian Eni was hit Continue Reading
Libya’s NOC Warns Army Is Inside Key Crude Terminal
Libya’s internationally recognized National Oil Corporation (NOC) said on Thursday that it is concerned about an increased military presence inside one of the country’s key oil terminals, Ras Lanuf, warning Continue Reading
Oil Producer In Libya: It’s A Day-To-Day Struggle To Keep Pumping
Continued clashes in Libya and an escalation of hostilities could threaten the oil production of Wintershall Dea in the North African country, Mario Mehren, the chief executive of the European Continue Reading
Libyan Oilfield Fire Adds To Oil Outages In Iran, Venezuela
The Sarir oilfield in Libya’s Sirte basin has seen its oil production drop by 30,000 bpd since June 9 when a fire broke out in a power generator due to Continue Reading
NatGas Exports to Egypt from Leviathan Could Start in June: Delek
Israel’s NatGas Exports to Egypt from Leviathan Could Start in June From the Jerusalem Post Israeli energy company Delek Drilling expects to commence commercial gas exports to Egypt by the Continue Reading
In a city of ever-shifting front lines, Libyans confront their worst fighting in years
The last time Riad al-Hami saw his mother alive, she was chatting with a neighbor in the narrow street outside their houses, as they did every evening. Though the distant Continue Reading
Libya’s New Civil War
On April 4, Khalifa Haftar , the militia leader who controls eastern Libya, launched a large-scale offensive to capture the capital, Tripoli. The attack marked the collapse of negotiations to Continue Reading
One Huge Supply Risk Oil Market Shouldn’t Be Ignoring
While the oil market is fixated on the U.S.-China trade war for signs of demand, and on Iran, Venezuela, and the Middle East for signs of more supply disruptions, investors Continue Reading
Algeria to seek ‘good compromise’ over Total’s Anadarko deal: minister
Algeria’s energy minister said on Monday he would seek a “good compromise” when asked about his earlier comments that Algiers would block a plan by France’s Total to buy Anadarko’s Continue Reading
Algeria to block Total from buying Anadarko’s Algerian assets: minister
Algeria will block Total from acquiring Anadarko’s assets in Algeria, energy minister Mohamed Arkab told reporters on the sidelines of a conference on Sunday. Occidental Petroleum has agreed to sell Continue Reading
Libya’s NOC says plans to develop North Hamada oilfield
Libya’s state-run National Oil Corp (NOC) plans to start developing the North Hamada oilfield, in the northwest of the country, NOC said in a statement on Friday. “A technical team Continue Reading
Stalemate In Libya Could Cause Next Major Oil Supply Outage
The fighting in Libya has devolved into a protracted stalemate, which does not bode well for the country’s oil production. General Khalifa Haftar and his militia, the Libyan National Army Continue Reading
Trump Backed Libyan Warlord After Saudi Arabia and Egypt Lobbied Him
The leaders of Saudi Arabia and Egypt successfully lobbied President Trump to shift U.S. policy in Libya and reach out to the general leading an offensive against the country’s United Continue Reading
Libya’s $60 Billion Push To Double Oil Production
Mustafa Sanalla, chairman of Libya’s internationally recognized National Oil Corporation (NOC), held meetings with U.S. companies at the Offshore Technology Conference (OTC) in Houston this week, to discuss US$60 billion Continue Reading
Libya Govt Suspends Operations Of Oil Major Total
Libya’s UN-backed internationally recognized government has suspended the Libyan operations of as many as 40 foreign companies, including those of France’s oil and gas supermajor Total, Reuters reported on Thursday, Continue Reading
The Biggest Catalyst In Oil Markets Is Going Unnoticed
Oil prices have fallen sharply on fears of a global economic slowdown, but the markets are overlooking the possibility of a serious outage in Libya as civil war drags on. Continue Reading
Libya’s Haftar orders troops to fight harder during Ramadan
Eastern Libyan forces commander Khalifa Haftar urged his troops trying to take Tripoli to battle harder and teach their enemies a lesson because the holy Muslim month of Ramadan that Continue Reading
Egypt expects giant solar park to be fully operational in 2019
Egypt expects the 1.6 gigawatt solar park it is building in the south of the country to be operating at full capacity in 2019, the investment ministry said in a Continue Reading
The Militarization Of Libya’s Oil Industry
Haftar Could Theoretically Take Over Libya’s Oil Exports Without Tripoli As General Haftar continues his offensive designed to take control of Tripoli and oil revenues, he is using the National Continue Reading
Explainer: What’s at stake for Libya’s oil as conflict flares?
LONDON/CAIRO (Reuters) – Eastern-based Libyan forces led by Khalifa Haftar launched an offensive in April on the capital Tripoli in the west that has plunged the oil-producing nation into a Continue Reading
Libyan forces push back against Haftar in house-to-house battles
Forces backing Libya’s internationally recognized government fought house-to-house battles with troops loyal to commander Khalifa Haftar in southern parts of the capital Tripoli on Sunday and appeared to be gaining Continue Reading
Eastern Libyan state oil firm AGOCO producing 304,000 bpd: chairman
Eastern Libyan state oil firm AGOCO, a subsidiary of state oil firm NOC, is producing 304,000 barrels a day of oil, its chairman told Reuters on Sunday. Mohamed Shatwan said Continue Reading
New CEO of Algeria’s Sonatrach pledges to boost output, exports
Algerian state energy firm Sonatrach will focus on increasing production and export volumes to help develop the OPEC member country’s oil and gas-reliant economy, its newly-appointed head Rachid Hachichi said Continue Reading
The ‘CIA Man’ In Libya Securing Oil Supply
In a sharp reversal of longstanding US policy which recognizes only the UN-backed Government of National Accord (GNA) in Tripoli as the legitimate authority over Libya, the White House on Continue Reading
Trump Libya shift likely driven by oil, gasoline price fears: analysts
US President Donald Trump’s apparent signal of support for the Libyan National Army over the UN-backed Government of National Accord was motivated by the president’s concerns over the impact another Continue Reading
Trump Endorses an Aspiring Libyan Strongman, Reversing Policy
Abdullah Doma/Agence France-Presse — Getty Images President Trump on Friday abruptly reversed American policy toward Libya, issuing a statement publicly endorsing an aspiring strongman in his battle to depose the Continue Reading
Hundreds Dead, Injured As Fighting Escalates In Oil-Rich Libya
Since eastern strongman General Khalifa Haftar ordered his self-styled Libyan National Army (LNA) to march on Tripoli, almost 180 people have died and 800 others have been wounded in the Continue Reading
Egypt’s Huge Fuel Subsidy Cuts Could Spark Protests
Egypt plans to slash fuel and electricity subsidies in its 2019/2020 financial year, the finance ministry’s draft budget shows, but raising fuel prices closer to international levels could turn out Continue Reading
Libya’s Fragile Oil Renaissance Is Under Threat
Libya’s oil production has yet to suffer disruptions, even as oil prices have climbed on fears of potential outages. However, the longer fighting drags on, the more likely Libya’s oil Continue Reading
Haftar Receives Egypt’s Backing in Combating Terrorism in Libya
Egyptian President Abdul Fattah al-Sisi (C) receives LNA commander Khalifa Haftar (L) in Cairo on Sunday. (Reuters) Libyan National Army commander Khalifa Haftar received on Sunday Egypt’s backing for his Continue Reading
Saudi Arabia Promised Support to Libyan Warlord in Push to Seize Tripoli
Days before Libyan military commander Khalifa Haftar launched an offensive to seize the capital and attempt to unite the divided country under his rule, Saudi Arabia promised tens of millions Continue Reading
Hundreds of thousands of Algerians protest army and ruling elite
Hundreds of thousands of Algerians took to the streets Friday in one of the largest demonstrations the country has seen since its president resigned last week, demanding that the interim Continue Reading
Libya Could Lose Oil Production if Fighting Continues
Libya’s oil production is under threat from renewed fighting between warring armed groups and the situation could become as bad as it was during the 2011 civil war, the National Continue Reading
Libya’s NOC chief: oil and gas exports facing the biggest threat since 2011
Libya’s oil and gas exports are facing the biggest threat since 2011 given the scale of the fighting and the aftermath of the conflict in the country, Libya’s National Oil Continue Reading
Algeria’s Oil Future Looks Grim
The future of Algeria’s oil industry was called into question earlier this week as its political crisis took hold, and now its future is even more suspect, as its state-run Continue Reading
LNA Warns Of “Terrorist Attack” On Libya’s Oil Crescent
“Today, a very large meeting of terrorist groups and armed groups took place in Sirte, we know who they belong to. They have a plan proposed at the meeting to Continue Reading