Big Oil Faces Multibillion Dollar Fallout From Algeria Crisis
The oil patch is reeling from a political crisis in Algeria that first saw Exxon halt its prospective shale ambitions in the country, and has now spread to major trading Continue Reading
Libya’s NOC discussing ways to keep output stable as civil war looms
Highlights Production remains unaffected Further escalation in violence seen likely Zawiya export terminal, refinery at risk London — Libya’s National Oil Corporation said Tuesday it is discussing way to keep Continue Reading
How Libya’s Haftar blindsided world powers with advance on Tripoli
Western diplomats sat down for three hours with Libyan commander Khalifa Haftar in his eastern stronghold last month to try to dissuade him from launching an offensive against the internationally Continue Reading
Libyan Warlord’s Aircraft Attack Tripoli Airport, Defying U.S. Pressure
Warplanes loyal to Gen. Khalifa Haftar shelled the Libyan capital’s only functioning airport, as the rogue military commander defied U.S. calls to halt an assault on Tripoli. Mr. Haftar, who Continue Reading
U.S. Removes Troops From Libya Amid Fighting in Capital
The U.S. military said it pulled a small contingent of American forces from Libya as the country teetered on the brink of full-scale civil war, with fighting continuing around the Continue Reading
Libya crisis: Fighting near Tripoli leaves 21 dead
Gen Haftar’s forces prepare for Tripoli battle Libya’s UN-backed government says 21 people have been killed and 27 wounded in fighting near the capital, Tripoli. US Secretary of State Mike Continue Reading
Oil Markets On Edge As Military Clash Looms In Libya
Libya is heading for a military showdown as East Libyan strongman General Haftar has initiated a full confrontation with the UN-backed West-Libyan GNA Al Serraj government, based in Tripoli. After Continue Reading
Analysis: Libya’s security on high alert, threatening oil, gas sector in West
Highlights Oil towns of Zawiya, Sabratha key to LNA control Export terminal and refinery at Zawiya at risk Risk of outages, but maybe stability long-term London — The threat of Continue Reading
Egypt to slash fuel subsidies as it nears end of IMF program
Egypt will remove subsidies on most energy products by June 15, it told the International Monetary Fund in a January letter released by the IMF on Saturday as part of Continue Reading
Libyan Crisis Presents New Worry for White House—and Oil Markets
A mounting conflict in Libya is threatening to upset the global supply of oil at a time when prices are booming, and increases the likelihood that the U.S. will renew Continue Reading
In Libya, fears of full-blown civil war as fighting nears capital Tripoli
Libya edged closer to full-blown civil war on Friday as forces of an eastern commander clashed with pro-government militias near the capital, Tripoli, and an effort by the U.N. chief Continue Reading
Libya fighting prompts condemnation by G7 and UN
Forces loyal to the Tripoli government have reportedly come from Misrata to help defend the capital World powers and the United Nations have condemned fresh fighting in Libya as rebel Continue Reading
Libyan military strongman orders his forces to march on Tripoli
The order to march on the capital came as Antonio Guterres, the UN secretary general, was in the city to push for a political solution that includes a national conference, Continue Reading
Libya crisis: General Haftar tells forces to take capital
Gen Haftar’s forces were pictured in the southern town of Sebha last month The leader of forces in eastern Libya has ordered them to march on the capital Tripoli, the Continue Reading
New Offensive Brings Libya To The Brink Of War
Forces loyal to Libya’s eastern strongman General Khalifa Haftar are advancing west toward the capital Tripoli in a renewed confrontation between the rival administrations that could escalate and threaten to Continue Reading
What’s Next For Algeria As Bouteflika Steps Down
What does the resignation on April 2, 2019, of Algerian Pres. Abdelaziz Bouteflika mean for the future of his country and the region, and why was the Algerian military so Continue Reading
While You Weren’t Looking, General Haftar Has Been Taking Over Libya
In Libya since the fall of Muammar al-Qaddafi, years often pass without much change as political deadlock continues and the economy decays. Then a moment of opportunism triggers a chain Continue Reading
Algerian president resigns: official news agency
Algeria exports to Spain, Italy down from earlier in year Oil-indexed gas contracts out of the money Washington — Receive daily email alerts, subscriber notes & personalize your experience. Register Continue Reading
Algeria’s Ruler, Abdelaziz Bouteflika, Agrees to Step Down
Algeria’s ailing president, Abdelaziz Bouteflika, agreed Monday to step down by the end of the month, yielding to weeks of mass demonstrations demanding his ouster. In a short statement carried Continue Reading
Oil-Rich Libya Could Have One Government As Soon As This Month
Oil-rich Libya, torn between a UN-backed government based in Tripoli and an alternative administration and institutions in the east, could see the years-long political crisis solved this month by the Continue Reading
This Is the Algerian End Game That Has Oil Investors Worried
Protests that erupted six weeks ago in Algeria have now transformed into a million-strong force against aging Algerian strongman President Abdelaziz Bouteflika, with Exxon having already called the political unrest Continue Reading
Algeria: Hundreds of thousands march for President Bouteflika’s removal
Protesters are demanding the resignation of President Bouteflika Hundreds of thousands of people have taken to the streets in Algeria to demand the resignation of President Abdelaziz Bouteflika. Estimates say Continue Reading
LNG Is Finally Taking Off In Egypt
What a difference just a few years can make. After more than a decade of uncertainty for Egypt’s natural gas sector, leading even to importing LNG for years, Cairo is Continue Reading
A “Perfect Coup’’ Is Unfolding In Algeria
The ongoing unrest in one of North Africa’s largest oil and gas producers Algeria is reaching boiling point. After weeks of protests from the opposition, aimed at blocking the possible Continue Reading
Algeria’s oil, gas production unaffected by unrest: IEA
Algeria’s oil and gas production appears to be unaffected so far by the political unrest gripping the country, an International Energy Agency (IEA) official said on Tuesday. A major oil Continue Reading
Algerian Oil Output Unchanged Amid Unrest
The unrelenting unrest in Algeria in the form of mass protests seeking to force President Abdelaziz Bouteflika out of office has investors worried; but so far, there are no signs Continue Reading
Libyan oil workers, backed by NOC, demand pay raise in latest sign of labor unrest
Libya’s National Oil Corporation on Monday said it was backing demands by its unionized workers for a 67% salary increase that has been promised by the government since 2013, as Continue Reading
Oil Workers At Libya’s Largest Field Want Salary Hikes
Oil workers at Sharara, the largest field in Libya which has recently re-opened after a three-month hiatus, have demanded a salary increase of 67 percent as they try to return Continue Reading
Procedures for Israeli gas exports to Egypt not yet complete: source
All the requirements needed for the start of Israeli gas exports to Egypt are not yet in place, an Israeli energy ministry source said, with first flows now not expected Continue Reading
Exxon Shale Deal With Algeria Falls Victim To Protests
Exxon’s negotiations with Algeria for the development of local shale gas resources are being delayed because of the widespread anti-government protests in the North American country, Reuters reported this week, Continue Reading
Israel And Egypt Compete To Become New Energy Hub
The discovery of the giant gas field Tamar of the coast of Israel in 2009 was the beginning of a new period for the Eastern Mediterranean as an energy hot Continue Reading
After Libya And Venezuela, Is This The Next OPEC Wildcard?
Anti-government protests in Algeria were probably supposed to end after long-term president Abdelaziz Bouteflika dropped his plan to run for a fifth term in office this year. They didn’t. In Continue Reading
Interview: Libyan oil output could reach 1.4 million b/d if security holds: Sanalla
Highlights Libya currently pumping 1.2 million b/d Sharara field to approach 300,000 b/d in ‘next few days’ NOC stepping up upstream efforts Studying shale oil, gas prospects Baku — Libya’s Continue Reading
Sharara To Return To 300,000 Bpd Production In Two Weeks
The Sharara crude oil field in Libya will recover its daily rate of production to 300,000 bpd within two weeks, Reuters reports , quoting a field engineer. The country’s largest Continue Reading
Libyans fear showdown as eastern commander eyes capital
Forces from eastern Libya who have swept through the south and taken control of remaining oilfields in recent weeks have now reinforced a base in the center of the country Continue Reading
Libya’s Sharara crude oil sees first scheduled exports in three months: sources
The first export cargoes of Libya’s Sharara crude since the lifting of force majeure will be lifted this weekend, according to trading sources and shipping reports. The Aframax vessel Balla Continue Reading
Libya’s Biggest Oil Field Restarts
Libya’s biggest oil field resumed production, adding another complication to OPEC’s effort to trim a global supply glut. (Bloomberg) — Libya’s biggest oil field resumed production, adding another complication to Continue Reading
Libya’s Largest Oil Field Restarts Production
Libya’s National Oil Corp. has restarted limited production at its giant Sharara oil field, a person familiar with the matter said Monday, following the removal of gunmen who had occupied Continue Reading
Libya’s top oilfield could restart at 80,000 bpd: engineer
Workers at Libya’s El Sharara oilfield are ready to resume production with an initial output of 80,000 barrels a day but are still waiting for approval from state oil firm Continue Reading
Libya’s NOC chairman in UAE to discuss Sharara oilfield crisis
Libya’s state-run National Oil Corp said on Monday its chairman Mustafa Sanalla had arrived in United Arab Emirates to meet with a number of Libyan and international parties to discuss Continue Reading
Haftar forces ‘killed civilians’ in Libya attack
At least 19 people have been killed in southern Libya , according to a member of parliament, as forces loyal to strongman Khalifa Haftar fought for control of oilfields in Continue Reading
Libyan el Sharara oilfield remains closed as armed men still at field: NOC
Libya’s El Sharara oilfield remains closed because an armed group is still inside it, the chairman of state oil firm NOC said in a video published by a NOC official Continue Reading
The End-Game For Libya’s Oil Crescent
Libyan officials have stated that the control of the El Sharara oilfield has been handed over by LNA forces to Libyan oil security forces, the state controlled oil guards. Even Continue Reading
Egypt Is Shaping Up To Become A Real Energy Hub
Egypt’s oil and gas future looks very bright. The large scale concessions awarded during the EGYPS 2019 conference in Cairo, 11-13 February, shows the appetite of IOCs, such as Shell, Continue Reading
Libya committed to resuming output at El Sharara once worker safety is assured: NOC
Libya’s state oil firm NOC is committed to a swift resumption of oil output at the El Sharara oilfield, but only after its workers’ safety is assured, it said on Continue Reading
Egypt plugs hub status as Shell, Eni, Exxon win energy concessions
Royal Dutch Shell, Eni, BP and Exxon Mobil were among the winners in one of Egypt’s largest-ever oil and gas exploration tenders on Tuesday, as the country looks to sustain Continue Reading
Libyan assembly head calls for lifting of force majeure at top oilfield
The speaker of the Libyan parliament urged the head of National Oil Corp (NOC), Mustafa Sanalla, to lift the force majeure declared in December at El Sharara, the North African Continue Reading
East Libyan forces say they have full control of El Sharara oilfield
Eastern Libyan military forces have full control of Libya’s biggest oilfield, El Sharara, a spokesman said, in a challenge to the internationally recognized government in Tripoli. There was no immediate Continue Reading
Government-Backed Forces Reach Libya’s Sharara Field
Forces from the Petroleum Facilities Guard sent by the UN-recognized government of Libya have reached the Sharara field, which the Libyan National Army, affiliated with the rival government in Eastern Continue Reading
Rival Forces Clash For Control Over Libya’s Largest Oil Field
Rival army forces—one loyal to the UN-backed Libyan government and another to a strongman from the east— are fighting for control over Libya’s largest oil field, Sharara, which has been Continue Reading