Highlights Crude output 1.28 million b/d, a five-year high Aims to produce above 2 million b/d by 2022 Algiers — Libya’s crude oil production has hit a five-year high, bringing Continue Reading
Libya’s oil production has hit its highest level since 2013, the chairman of the National Oil Corporation (NOC), Mustafa Sanalla, told Bloomberg in response to questions on Sunday. If the Continue Reading
Libya’s crude oil production is currently at its highest in more than five years despite current security challenges, the chairman of the state-owned National Oil Corporation said Sunday. Receive daily Continue Reading
Egypt has signed a deep-water oil and gas exploration deal with Royal Dutch Shell and Malaysia’s Petronas worth around $1 billion for 8 wells in the country’s West Nile Delta, Continue Reading
The huge Zohr gas field offshore Egypt has increased its production six-fold since it started production in January this year, Egypt’s Petroleum Minister Tarek el-Molla said on Thursday. Production at Continue Reading
Rockets have been fired at the only functioning airport in the Libyan capital of Tripoli, Reuters reports , citing information from local residents and a statement from the political faction Continue Reading
In what is largely seen as a win for the Libyan National Army’s (LNA) General Khalifa Haftar, the United States Treasury Department , in conjunction with the United Nations, slapped Continue Reading
Several armed men attacked the headquarters of Libya’s National Oil Corporation (NOC) in the capital Tripoli on Monday, killing at least two staff members, a security official said. In the Continue Reading
The latest clashes in Libya escalated on Monday when several gunmen attacked the headquarters of Libya’s National Oil Corporation (NOC) in Tripoli, and witnesses say that a few people have Continue Reading
Smoke rises from the headquarters of Libyan state oil firm National Oil Corporation An armed group is reported to have stormed the headquarters of the National Oil Corporation (NOC) in Continue Reading
Mustafa Sanalla, the chairman of Libya’s National Oil Corp., was evacuated from the company’s headquarters in Tripoli Monday after gunmen stormed the building, detonating grenades, sources in the country told Continue Reading
Algeria has survived the decade of political turmoil, with Arab Spring revolutions subverting authoritarian leaders across the Maghreb, largely unscathed. Popular unrest was swiftly quelled by government handouts and thereafter Continue Reading
Union Fenosa Gas, a joint venture of Spain’s Naturgy and Italy’s Eni, operates the Damietta liquefied natural gas (LNG) plant in Egypt. The company took the country to court in Continue Reading
A ceasefire has been signed between armed factions fighting over the Libyan capital, the United Nations said on Tuesday, after more than a week of violence inside Tripoli. Dozens of Continue Reading
A mortar shell landed in this market in Tripoli, Libya, last week. A parallel battle was heating up on Facebook. CAIRO — When a new bout of fighting between rival Continue Reading
Civilians in Libya’s capital have been caught up in the deadly clashes between rival militias Some 400 prisoners have escaped from a facility near the Libyan capital Tripoli amid deadly Continue Reading
Libya’s oil production has been holding at around 1 million bpd for the past couple of weeks, rising slightly this week thanks to increased production at two small oilfields in Continue Reading
Political actors in Libya, a member of the Organization of Petroleum Exporting Countries, shouldn’t settle scores through violence, the U.N. mission stated. The U.N. Support Mission in Libya called for Continue Reading
As a result, Royal Dutch Shell PLC, BP PLC and Eni SpA have invested billions of dollars in Egypt in recent years, including the Mediterranean Sea’s biggest natural-gas field off Continue Reading
Highlights US-China trade dispute pulling more Libyan crude east Almost 200,000 b/d has flowed to Asia in 2018 More than 20% of exports poised to go east Key buyers include Continue Reading
The recent turmoil in Libya’s Oil Crescent – a region which stretches along the coast from Sirte to Ras Lanuf, and which extends down to the Jufra district – has Continue Reading
The natural market gas in the Eastern Mediterranean is in full ebullition – with Egypt determined to be the center of this regional marketplace. The country faces challenges, including maintaining Continue Reading
Persisting security concerns over Libya’s oil export capacity and the political divisions in the country fetch large tanker freight premiums for shipowners daring to call at Libyan ports for crude Continue Reading
Libya’s crude oil production has exceeded 1 million bpd for the first time since June, when port blockades and a kidnapping caused production outages that within a month brought production Continue Reading
From an exploration license offshore to a contract extension near the Western Desert, Italian energy company Eni said it’s strengthening its position in Egypt. The company stated Tuesday that its Continue Reading
Libya’s crude oil recovery has seen output rise above 1 million b/d for the first time since early June, sources close to the production said Tuesday. Receive daily email alerts, Continue Reading
An Egyptian company is set to begin importing gas from Israeli offshore fields in the first quarter of 2019 and to re-export it as part of its plan to become Continue Reading
An Egyptian company plans to start importing gas from Israel for re-export in the first quarter of 2019, sources in the country’s energy sector said on Sunday, under agreements signed Continue Reading
Kayrros estimates that more production capacity started to come online at the Elephant oil field and the Sirte basin fields on July 13, reducing total shut-in production in Libya to Continue Reading
The latest port blockade in Libya, which had sent the country’s oil production plunging and oil prices surging, was lifted last week with new promises of transparency and the fair Continue Reading
Just a few days after Libya reopened its eastern oil ports and started to ramp up production that had been offline for weeks, the National Oil Corporation (NOC) declared force Continue Reading
After a relatively stable spell, Libya’s oil production has see-sawed again because of a standoff at eastern export terminals and the abduction of two workers at the giant Sharara oilfield. Continue Reading
Africa-focused SDX Energy said Monday it achieved success at an emerging natural gas reservoir that could be in production by the fourth quarter. The company in June announced the discovery Continue Reading
Just a few days after Libya reopened its eastern oil ports and started to ramp up production that had been offline for weeks, production at one of the country’s largest Continue Reading
Mustafa Sanalla, the head of Libya’s U.N.-backed oil company, said work is under way to bring production back to normal after four weeks of unrest. Photo courtesy of the National Continue Reading
Libya’s Abu Attifel oil field has restarted operations after a two-week halt due to the closure of oil ports—a closure that ended on Wednesday after Libya’s National Oil Corporation (NOC) Continue Reading
When back in September 2016 the Libyan National Army retook control over the export terminals in the country’s Oil Crescent from the Petroleum Facilities Guard and handed it over to Continue Reading
Libya has lifted as of Wednesday its force majeure on the Ras-Lanuf, Es sider, Marsa, El Hariga and Zueitina oil terminals, National Oil Corporation Chairman Mustafa Sanalla said in a Continue Reading
With oil production woes pressuring the Libyan economy, the president of the European Parliament said Monday that Libyan security means European security. European Parliament President Antonio Tajani met Monday in Continue Reading
A new oil discovery in the Western Desert of Egypt could unlock a new area for productivity gains in the country, Italian energy company Eni said Monday. Eni said it Continue Reading
A Libyan oil executive called on international investors to remain committed to the country, adding economic problems could have a spillover effect. Mustafa Sanalla, the head of Libya’s National Oil Continue Reading
The start of natural gas production off the coast of Libya is a breath of fresh air for a country facing significant security risks, a company chairman said. A joint Continue Reading
The eastern Libyan government based in Tobruk has accused Qatar of aiding the militant groups that tried to take over the country’s oil ports last month, Sputnik reports , citing Continue Reading
Libya’s Tripoli-based National Oil Corporation (NOC) is calling for sanctions against 46 individuals and entities seeking to run four oil ports that are now closed after the latest unrest took Continue Reading
Libya is mired in a fresh struggle over control of its crude exports after a major rift opened up this week between the Tripoli-based and UN-backed National Oil Corporation and Continue Reading
A Libyan company said oil production was cut Monday by 850,000 barrels per day because operations at two oil terminals were suspended over control disputes. The Libyan National Oil Corp. Continue Reading
The World Bank supports Egypt’s efforts to be a regional oil and gas trading hub, as several new gas projects started up recently in the Mediterranean country, the Egyptian Ministry Continue Reading
Control over oil production in Libya and the revenues it generates need to be in the appropriate hands, the U.N. secretary-general said Thursday. Libya’s National Oil Corp. rejected a move Continue Reading
Conflicting claims over oil in OPEC-member Libya threaten to tear the country apart, a researcher at a risk consultant group said. File Photo by cherezoff/Shutterstock June 26 (UPI) — The Continue Reading
The Libyan oil plot jut thickened after the Libyan National Army said it had passed control of the country’s oil ports to a non-officially recognized National Oil Corporation affiliated with Continue Reading
