Having fallen nearly 40% since the end of February, Libyan crude oil output could bounce back to around 1 million b/d with the restart of the 90,000 b/d Elephant oil Continue Reading
Crude oil production at Sharara, Libya’s biggest oil field, was briefly suspended after the pipeline that feeds the crude from the field to the Zawiya terminal was blocked. That’s what Continue Reading
Investment uptick in Libya is unlikely until more substantial political progress is made, analysts say. Total S.A.’s recent acquisition of Marathon Oil Libya Limited is a sign of gradual improvement Continue Reading
Libya resumed production on Monday from its largest oil field, the 340,000 b/d Sharara field, after a brief shutdown caused by the closure of its Sharara-Zawiya export pipeline. The field Continue Reading
Libya’s Sharara oilfield stopped pumping crude oil several days after output plunged at another of the OPEC member’s biggest deposits. View full article at www.bloomberg.com
French energy company Total said Friday it spent $450 million to take on Marathon’s holdings in Libya after the latter company announced its divestment. The French company said it moved Continue Reading
A new round of U.S. sanctions targets Libyan smugglers to block the unauthorized exploitation of natural resources in the North African country, according to a new report by Reuters . Continue Reading
El-Feel protests disrupt output for first time in two months Oil field has output capacity of about 90,000 barrels a day Libya’s oil exports from the Mellitah terminal will be Continue Reading
Libya’s National Oil Corporation has evacuated its workers from the El Feel, or Elephant, oil field amid threats from the field’s guards who are locked in a pay dispute with Continue Reading
Delays in budget payments to the National Oil Corporation of Libya could threaten the country’s oil production, NOC’s chairman Mustafa Sanalla said in a statement. “The entire sector is suffering Continue Reading
Investors in Israel’s natural-gas fields agreed to supply an Egyptian company with gas valued at $15 billion, a deal that will build on growing ties between once-hostile neighbors that now Continue Reading
German energy company Wintershall said it was able to restart production from a license area in Libya, which the government said was closed illegally. A spokesman for the company said Continue Reading
The world’s longest river, a lifeline for hundreds of millions of people, is also fast becoming a fault line. Ethiopia’s ambitious $4.2 billion hydroelectric dam project on the Nile River’s Continue Reading
Vitol will get 1.5 to 2 million barrels of crude per month from Algeria’s state oil firm Sonatrach and deliver fuel to the country in exchange, in a rare such Continue Reading
Morocco is preparing to launch a tender for a natural gas project worth US$4.6 billion, the country’s Energy Minister Aziz Rabbah said in a Bloomberg interview. The gas will be Continue Reading
Libya’s oil revenues nearly tripled in 2017 to US$14 billion as the country managed last year to gradually recover its oil production, reaching 1 million bpd for the first time Continue Reading
Repairs have been finished on a Libyan oil pipeline damaged in a suspected attack five days ago and production is restarting gradually, engineers said. The blast and resulting fire on Continue Reading
Tunisia announced on Sunday the second increase in fuel prices in six months, raising the price of petrol by 2.85 percent as the government tries to rein in the budget Continue Reading
Algeria needs to exploit its shale gas resources to offset a surge in local energy consumption that is eating into vital exports, but developing the industry will take time and Continue Reading
Libya’s Waha Oil company plans to repair a crude pipeline blown up on Tuesday within a “very few” days, it said on Thursday. On Tuesday, the explosion, about 130 km Continue Reading
The Libyan crude oil pipeline blown up on Tuesday will take about a week to repair , the chairman of Libya’s National Oil Corporation (NOC) said on Wednesday. On Tuesday, Continue Reading
A Libyan crude oil pipeline blown up on Tuesday will take about a week to repair, the head of state oil firm NOC told Reuters on Wednesday. A “terrorist group” Continue Reading
A Libyan company said it expects to be out at least 70,000 barrels of oil per day because of an explosion at a pipeline feeding the nation’s largest oil depot. Continue Reading
Trading sources said Wednesday that crude cargoes at Libya’s Es Sider port were still loading without any interruption, following the news that there had been an explosion on one of Continue Reading
Egypt is set to inaugurate a new wharf for natural gas and petroleum product tankers on the Gulf of Suez in the coming days, another step in its plan to Continue Reading
Two and a half years ago, analysts asked when Italy’s Eni would be able to start producing gas from the giant Zohr field offshore Egypt. The overwhelming majority said this Continue Reading
The quick turnaround from discovery to production hasn’t gone unnoticed in the industry. It represents a seismic shift for Big Oil. The fact even senior managers privately described the plan Continue Reading
The Egyptian energy sector will be transformed now that production started at the Zohr gas field, one of the biggest in the world, Italy’s Eni said Wednesday. Production started at Continue Reading
Eni SpA announces the production start up of Zohr, the largest ever discovery of gas in the Mediterranean Sea. Eni SpA announced Wednesday the production start up of Zohr, the Continue Reading
Eni SpA announces the production start up of Zohr, the largest ever discovery of gas in the Mediterranean Sea. Eni SpA announced Wednesday the production start up of Zohr, the Continue Reading
Spanish energy company Repsol said it started production from a complex of Algerian gas fields, finishing off one of its most significant African developments. Repsol CEO Josu Jon Imaz joined Continue Reading
Just as oil watchers wonder whether Libya’s ambitious oil production targets could undermine the OPEC deal, Libya’s General Haftar—the man largely responsible for freeing up Libyan oil production after two Continue Reading
Russia is ready to consider easing an arms embargo for Libya, the Interfax news agency cited Russian Deputy Foreign Minister Gennady Gatilov as saying on Wednesday. Libyan Prime Minister Fayez Continue Reading
Just two weeks after it pledged to cap its crude oil production at the level of 1 million barrels daily, Libya has sent a signal that it actually has immediate Continue Reading
Exxon Mobil ( XOM.N ) is considering a foray into Egypt offshore oil and gas, seeking to replicate rivals’ success in the country and boost its reserves, officials and industry Continue Reading
Beyond discussing the broader terms of the production cut deal, OPEC will crunch the numbers of exempt producers Libya and Nigeria this week to see if their oil production has Continue Reading
Egypt clarified that option to import Israeli gas still open Previous arbitration ruling remains an obstacle to deals A natural gas production platform west of the Ashkelon shore in Israel. Continue Reading
The humanitarian situation in Libya is in a severe state even though the OPEC-member sits on “vast wealth,” a United Nations envoy said. Ghassan Salamé, the U.N. special envoy for Continue Reading
Algeria’s state energy firm Sonatrach on Monday started $2 billion of new investments into the Hassi Rmel gas field to keep production stable at the country’s biggest gas field. “The Continue Reading
Libya’s state oil company said on Monday there had been a “security breach” at its southern El Sharara oilfield on Sunday night. NOC blamed weak security for the incident at Continue Reading
The Libyan National Oil Company (NOC) said it was “very concerned” about the development of events in the area, adding notes that Wintershall had been reducing production without official notification. Continue Reading
War damage to port facilities in Libya could constrain production to around 1.25 million barrels per day, analysis from consultant group Wood Mackenzie found. Secondary sources reporting to the economists Continue Reading
Russian Prime Minister Dmitry Medvedev discussed supplying liquefied Russian natural gas to Morocco on a visit to Rabat on October 11 during which he signed a string of energy, military, Continue Reading
Russia’s oil giant Rosneft has closed the deal to buy from Italy’s Eni a 30-percent stake in the offshore concession in Egypt where the giant Zohr gas field is located, Continue Reading
State oil company Pemex’s effort to secure a partner for two shallow-water fields in the Gulf of Mexico fell flat as none of the registered companies presented bids. Cheiron, part Continue Reading
After a three-day suspension of production due to a blockade by an armed group, Libya’s giant Sharara oil field re-opened on Wednesday, Bloomberg reports, quoting an emailed statement by Libya’s Continue Reading
State oil company Pemex’s effort to secure a partner for two shallow-water fields in the Gulf of Mexico fell flat as none of the registered companies presented bids. Cheiron, part Continue Reading
Less than a month after Libya’s giant oil field Sharara returned to pump oil following a two-week disruption, Sharara closed again on Sunday evening, and more than 230,000 bpd of Continue Reading
Engineering company KBR said Monday it would support construction activity for gas operations in Algeria at two sites hit in terrorist attacks in recent years. KBR, which has headquarters in Continue Reading
A European memo on the status of stability in OPEC-member Libya warns that progress in the war-torn country may be limited. The EUobserver reported Monday it obtained access to a Continue Reading
