Statoil gas facility in Algeria hit by explosive
Norwegian energy company Statoil said it was dispatching an emergency response team to Algeria following an explosion at one of its gas assets in the country. The company said its Continue Reading
Libyan oil output has yet to recover
A survey of oil production from Libya shows the country remains far below its peak capacity levels posted more than five years ago, before the Arab Spring. Energy reporting service Continue Reading
IMF sees oil price risk for Algeria
The International Monetary Fund warned Algeria’s government that deep structural reforms are necessary to buffer against pressure from low oil prices. Algeria has the 10th-largest natural gas deposits in the Continue Reading
Italy warns Libyans time is running out for unity government
Italian Prime Minister Matteo Renzi has warned Libya’s factions that time is running out for a national unity government to get the confidence backing it needs from parliament. Italy and Continue Reading
Pentagon Has Plan to Cripple ISIS in Libya With Air Barrage
The Pentagon has presented the White House with the most detailed set of military options yet for attacking the growing Islamic State threat in Libya , including a range of Continue Reading
Tunisia Says Several Dead in Attack by Gunmen on Libyan Border
At least 10 people have been killed in clashes between Tunisian police and unidentified gunmen near the Libyan border on Monday, authorities said, amid increasing concern that violent extremism in Continue Reading
Egypt SuMed Pipeline Yet to Accept Iranian Oil After Sanctions
Egypt and Gulf Arab crude producers have yet to let Saudi Arabia’s regional rival Iran resume oil shipments through a pipeline they operate to supply customers in Europe and the Continue Reading
Libya: U.N. Envoy May Give Up On Unity Government Approval, Source Says
According to insight from a Libyan political analyst, U.N. Special Envoy for Libya Martin Kobler is near to moving forward with plans for Libya without a successful vote of confidence Continue Reading
U.K.: British Troops Will Deploy To Tunisia To Stop Islamic State Border Crossing
The United Kingdom will send a group of 20 soldiers to Tunisia to prevent Islamic State fighters from crossing the country’s border with Libya, British Defense Minister Michael Fallon said, Continue Reading
BP laying groundwork offshore Egypt
Danish engineering company Subsea 7 said it was awarded a contract to help BP develop three gas fields, including laying export lines, off the coast of Egypt. For an undisclosed Continue Reading