The future of Libya’s crude oil exports has been plunged into even greater uncertainty with a rift opening between the National Oil Corporation and the so-called Libyan National Army over Continue Reading
A rogue military commander who oversees the eastern half of Libya has handed control of vital oil facilities to a rival of the U.N.-backed government in Tripoli, potentially escalating the Continue Reading
A Libyan oil company announced that blazes at oil storage tanks at a depot in eastern Libya have been safely extinguished following mid-June militant attacks. Anti-government forces loyal to militia Continue Reading
The Libyan National Army has retaken the key eastern oil terminals of Ras Lanuf and Es Sider that shut 450,000 b/d of crude production, the head of the state-owned National Continue Reading
As the U.S. government weighs in on the conflict in the OPEC member, military forces in Libya regained control over key oil installations, reports read Thursday. Al-Jazeera reported Thursday that Continue Reading
Clashes at Libya’s oil port of Ras Lanuf resulted in a third storage tank set on fire, a witness and an oil engineer told Reuters on Thursday. Over the past Continue Reading
Libya’s oil output has been slashed to between 600,000 and 700,000 barrels per day (bpd) from more than one million following clashes at its Ras Lanuf and Es Sider oil Continue Reading
Libya has lost some 400,000 barrels per day (bpd) of oil production in recent days because of militant attacks at the Ras Lanuf and Es Sider ports, the head of Continue Reading
Continued clashes between the Libyan National Army and rival groups has cut the storage capacity at Ras Lanuf oil export terminal by 400,000 barrels, after a second tank was set Continue Reading
Saudi Aramco, the world’s largest oil producer, agreed to supply Egyptian refineries with crude oil for another six months from July, Egypt’s Petroleum Minister Tarek El Molla said on Tuesday. Continue Reading
Continued clashes between the Libyan National Army and rival groups has cut the storage capacity at Ras Lanuf oil export terminal by 400,000 barrels, after a second tank was set Continue Reading
New natural gas production should come from Egypt by the end of the year, SDX Energy said after announcing a new gas discovery on Monday. The company said it found Continue Reading
Damage from militant attacks on a crude oil terminal on the Libyan coast was described by a national oil company Monday as catastrophic. Libya’s National Oil Corp. said Monday it Continue Reading
BENGHAZI, Libya (Reuters) – An oil storage tank at the Ras Lanuf port in Libya was ablaze on Sunday amid fighting between rival factions for control of the terminals in Continue Reading
The attacks last week on Libya’s eastern oil terminals destroyed two crude oil storage tanks at Ras Lanuf, cutting its storage capacity by 42% to 550,000 barrels, the National Oil Continue Reading
Continuing clashes between the Libyan National Army and rival militant groups have cut Libya’s oil production by 240,000 bpd, prompting the shutdown of Libya’s two biggest oil ports, Es Sider Continue Reading
Egypt raised gasoline prices by up to 50 percent, the oil ministry said on Saturday, under an IMF reform plan that calls for the slashing of state subsidies on some Continue Reading
The major Libyan oil ports of Ras Lanuf and Es Sider were closed and evacuated on Thursday due to attacks by armed brigades opposed to the powerful eastern commander Khalifa Continue Reading
Libyan oil production is down by about a quarter-million barrels per day because of clashes at two export terminals, the national oil company said Thursday. “The National Oil Corp. has Continue Reading
Results from a drilling operation announced Thursday in the Gulf of Suez could dictate the next steps for oil exploitation, regionally-focused SDX Energy said. SDX announced the start of an Continue Reading
The Es Sider oil export terminal in Libya was shut down and loadings at another one, Ras Lanuf, were suspended today after clashes between the Libyan national Army and the Continue Reading
The major Libyan oil ports of Ras Lanuf and Es Sider were closed and evacuated on Thursday after armed brigades opposed to the powerful eastern commander Khalifa Haftar stormed them, Continue Reading
Total has extended a partnership in an Algerian natural gas field for the next 25 years. File Photo by Steve Oehlenschlager/Shutterstock June 11 (UPI) — French energy company Total said Continue Reading
The Federal Republic of Nigeria and the Kingdom of Morocco on Monday in Rabat, Morocco, signed three agreements, which includes a regional gas pipeline that will see Nigeria providing gas Continue Reading
Libya’s oil crescent on Sunday announced a maximum security alert over possible terrorist attacks in vital oil ports and oilfields, as OPEC’s third disruptor—after Iran and Venezuela—threatens to further unsettle Continue Reading
A Libyan oil company has had to significantly reduce oil production at its fields because the hot weather has caused several turbines to stop working. The company is Agoco, a Continue Reading
Libya’s National Oil Corporation shipped its first cargo of propane from Zueitina port, four years after the gas processing plant at the port was closed due to protests, the company Continue Reading
A group of unemployed Libyan youths will shut down oilfields in Marada town in the east unless demands for better state services are met, the group said on Sunday. An Continue Reading
Natural gas production from the largest field ever discovered off the coast of Egypt is on pace for a 9 percent increase in output, Italy’s Eni said Thursday. Eni said Continue Reading
Algeria plans to raise its budget expenditure by 6 percent this year to capitalize on the higher oil prices ahead of presidential elections next year, but economists warn that boosting Continue Reading
Libya’s National Oil Corporation (NOC) has held discussions with majors BP and Eni about resuming exploration activity in the North African country, it said on Thursday. BP signed a major Continue Reading
Libyan authorities were informed before French energy major Total closed a $450 million deal with Marathon Oil to take over the U.S. firm’s 16 percent share in the Waha concession, Continue Reading
Egypt’s oil and gas future has been looking bleak for years, as the impact of the Arab Spring, the emergence of a Muslim Brotherhood government and a military coup by Continue Reading
Libyan production for U.S. energy company Hess Corp. increased exponentially from first quarter 2017. Production for Libya in general all but collapsed at the height of civil war. File Photo Continue Reading
An early report by Reuters cited a source from the pipeline operator Waha Oil Company who said the pipeline had been attacked by “a terrorist group.” Later, parent company NOC Continue Reading
It could be another week before Libya is able to resume gas exports to Italy as work to complete planned maintenance at key offshore gas fields continues, sources close to Continue Reading
The future of North Africa’s leading oil and gas producer Libya is once again under threat. International media reports that Libya’s strongman General Khalifa Haftar, leader of the LNA, the Continue Reading
Is General Khalifa Haftar dead or alive? The leader of the Libyan National Army disappeared from the public eye earlier this month, and now rumors surrounding his health are beginning Continue Reading
Libya’s National Oil Corporation (NOC) is considering using a chemical marking system to help trace oil products smuggled out of the country, its chairman said on Wednesday. Mustafa Sanalla also Continue Reading
Italian energy company Eni said Tuesday it signed a series of agreements with a state-run company in Algeria that could lead to greater gas production. Eni CEO Claudio Descalzi met Continue Reading
In Benghazi’s devastated downtown, ex-fighters warmed themselves over a bonfire made from broken furniture. The forces of Gen. Khalifa Hifter routed the last Islamist militias from Benghazi in December. BENGHAZI, Continue Reading
Since the ousting and subsequent killing of Muammar Gaddafi in 2011, Libya’s oil production has remained below capacity. With the lingering effects of civil war, the country which is a Continue Reading
Libya’s National Oil Corporation (NOC) said on Wednesday it had signed a deal with French building and engineering group Artelia to manage the development of an office complex in the Continue Reading
The Sahara Desert has expanded by about 10 percent since 1920, according to a new study by University of Maryland scientists. The research is the first to assess century-scale changes Continue Reading
Oil majors Anadarko, Total, ENI and Statoil have expressed interest in helping Algeria start offshore drilling, according to state news agency APS which quoted the CEO of the North African Continue Reading
Algeria is mulling over luring in international oil companies with tax incentives in a new energy law aimed at stimulating the North African country’s oil and gas industry. The government Continue Reading
A fractured political landscape is creating economic headwinds for oil-rich Libya, Human Rights Watch said. File photo by cherezoff/Shutterstock March 21 (UPI) — Oil-rich Libya is risking economic opportunities with Continue Reading
In February, Noble Energy and its partners reached an agreement with the Egyptian company Dolphinus Holdings to sell gas from offshore Israel to Egypt, a deal that could jumpstart a Continue Reading
British Petroleum has begun to sell off its mature oil fields in Egypt to shift its focus to developing the country’s large natural gas reserves, according to a new report Continue Reading
A labor strike at the Zawiya oil port in Libya delayed operations on Monday, but oil trading sources that spoke to Reuters said negotiations to end the disruptions are ongoing. Continue Reading
