Libya sees oil production gains ahead – UPI.com
An agreement with German energy company Wintershall means Libya has a better chance of meeting oil production goals, a national oil company said. The Libyan National Oil Co. said it Continue Reading
Libya’s NOC, Wintershall Agree To Resume 160,000 Bpd Output
Libya’s National Oil Corporation (NOC) said on Tuesday that it had reached an interim deal with Germany’s Wintershall to immediately resume production in concession areas and related fields, which would Continue Reading
Qatar Spat Spills Over To Libya’s Oil, Rekindles Political Divides
Just as Libya’s National Oil Corporation (NOC) is targeting to raise crude oil output to 1 million bpd by the end of July, the rivaling factions in the east and Continue Reading
Libya’s Largest Oil Field Resumes Production
Libya’s largest oil field, El Sharara, has resumed production after workers had shuttered the 270,000-bpd field on Wednesday, protesting over the lack of medical treatment for a co-worker who had Continue Reading
Oil Bears Can’t Count on Libya as Expat Exodus Hinders Recovery
Output won’t rise much above 1 million barrels a day: WoodMac OMV says security must improve before it can send expats back The rapid increase in Libya’s oil production is Continue Reading
Libya’s Biggest Oil Field Boosts Production, Raising the Country’s Output
Sharara field production said to rise 25,000 barrels a day North African nation output at highest since October 2014 Libya’s biggest oil field boosted production, allowing the OPEC nation to Continue Reading
OPEC Insiders Reel After Key Minister Is Fired During Their Meeting
Algerian oil minister learns of dismissal from news report Boutarfa was architect of OPEC, non-OPEC production cut deal As OPEC ministers gathered in Vienna Thursday to agree a nine-month extension Continue Reading
Libyan oil production has potential to cross 1 million barrels per day
Libya has the technical potential to produce as much as 1.2 million barrels of oil per day, though commercial and security issues interfere, an oil leader said. Mustafa Sanalla, the Continue Reading
Libya’s Oil Output Tops 800,000 Bpd For The First Time Since 2014
Libya’s crude oil production has exceeded 800,000 bpd for the first time since 2014, and could average up to 1.2 million bpd for the rest of this year if oil Continue Reading
Libya Adds to OPEC’s Burden as Output Reaches Highest Since 2014
Output at about 780,000 barrels a day on Sharara field boost Global producers signal extension in cuts amid oil price slump Libya is pumping the most oil since October 2014 Continue Reading
Libya Adds to OPEC’s Burden as Output Reaches Highest Since 2014
Output at about 780,000 barrels a day on Sharara field boost Global producers signal extension in cuts amid oil price slump Libya is pumping the most oil since October 2014 Continue Reading
Libya Adds to OPEC’s Burden as Output Reaches Highest Since 2014
Output at about 780,000 barrels a day on Sharara field boost Global producers signal extension in cuts amid oil price slump Libya is pumping the most oil since October 2014 Continue Reading
Stability In Libya To Start An Oil Race
Libya’s ongoing civil war, which has resulted in a hothouse environment for extremists, Da’esh supporters and regional coalitions, could be heading to a slowdown in activity. Arab media sources claim Continue Reading
Oil Politics Driving Libya Closer To Failure
A rift has opened between Libya’s U.N.-backed government and its powerful National Oil Corporation (NOC), threatening the fractured country’s political cohesion and its nascent petroleum-industry recovery. On Monday, NOC Chairman Continue Reading
Libya’s oil output hits 760,000 bpd, highest since 2014: NOC
Libya’s oil production has risen above 760,000 barrels per day (bpd), its highest since December 2014, the National Oil Corporation (NOC) said on Monday. Chairman Mustafa Sanalla said in a Continue Reading
Libya Oil Output Rebounds as Sharara, Feel Fields Restarted
OPEC member pumping more than 700,000 barrels a day: Alaokali Biggest field Sharara at 216,400 barrels daily after restart Libya’s crude production rebounded to more than 700,000 barrels a day Continue Reading
Libya confirms restart of its largest oil field
Libya’s national oil company said there may be long-standing agreements in place to keep the taps open in the company to the tune of 200,000 barrels per day. Crude oil Continue Reading
Libya’s Oil Chief Rebukes U.N.-Backed Government
A rift has opened between Libya’s U.N.-backed government and its powerful National Oil Co., threatening the fractured country’s political cohesion and its nascent petroleum-industry recovery. Libya’s oil-industry chief, Mustafa Sanallah, Continue Reading
Will Libya’s Production Rebound As Its Largest Oil Field Re-Opens?
Libya’s biggest oil field, Sharara, which has been offline for most of the past month, is set to reopen after the Petroleum Facilities Guard (PFG) reached an agreement with protesters Continue Reading
Eni-Operated Libya Oil Field to Re-Open After Two-Year Halt
El-Feel deposit has yet to resume output due to power outage Field known also as Elephant has 80,000 barrel-a-day capacity Libya’s El-Feel oil field, operated by a venture between Eni Continue Reading
Giant Libyan Oilfield Reopens After 2 Year Outage
The El-Feel oil field in western Libya—operated by a joint venture between Italy’s Eni and Libya’s National Oil Corporation (NOC)—reopened on Wednesday after two years, and expects to start pumping Continue Reading
Libya’s Haftar says Russian base not being discussed – RIA
The question of a Russian military base being set up on Libyan territory is not being discussed, Russia’s RIA news agency quoted Libyan military commander Khalifa Haftar as saying on Continue Reading
Libyan Oil Output Said to Drop to Six-Month Low on Field Halt
Production cut to 490,000 barrels a day, person familiar says Country’s biggest field Sharara stopped pumping on April 9 Libya’s oil production fell by 30 percent to the lowest level Continue Reading
Libya estimates field closure costing $9.8 million per day
The closure of one of the largest oil fields in Libya means a loss of about $9.8 million and the outage of huge volumes of oil, a national oil company Continue Reading
Libyan Oil Production Falls Further As Wafa Field Goes Offline
Just a day after production at Libya’s largest oil field was suspended , the National Oil Corporation told local media that another field, Wafa, has also stopped producing. This could Continue Reading
Libya Biggest Oil Field Said to Shut for 2nd Time in Two Weeks
Libya’s biggest oil field was said to stop producing, just one week after it reopened, the latest in a series of disruptions in the country’s crude output. The pipeline carrying Continue Reading
OMV sees Libya as a natural fit
Libya fits in well with a strategy of capitalizing on mature onshore oil basins and service to European energy needs, the head of Austria’s OMV said. Representatives from the National Continue Reading
Libya Biggest Oil Field Said to Shut for 2nd Time in Two Weeks
Libya’s biggest oil field was said to stop producing, just one week after it reopened, the latest in a series of disruptions in the country’s crude output. The pipeline carrying Continue Reading
Oil Rally Stalls as Libya Production Resumes
Crude-oil futures fell on Monday, snapping a four-session winning streak, after the resolution of output disruptions in Libya brought the recent rally in prices to a halt. U.S. crude futures Continue Reading
Libya’s Oil Production Set to Rebound as Biggest Field Reopens
Libya’s crude production rebounded to about 660,000 barrels a day as the OPEC nation’s biggest oil field resumed output after about a week of disruption. Force majeure on the Zawiya Continue Reading
Mysterious Outage In Libya Could Drive Oil Prices Higher
It’s been a rollercoaster ride for Libya’s oil sector the last few months . With production from this important OPEC player swinging wildly with unstable politics in the country. And Continue Reading
Egypt To Halve Arrears With Oil Companies In Coming Weeks
Egypt expects to cut the $3.5 billion euros it owes to international oil companies by around half in coming weeks, the Egyptian oil minister said on Wednesday. “We have made Continue Reading
Libya’s Oil Output Falls to Six-Month Low as Field Shuts
Libya’s crude production dropped to about 500,000 barrels a day, the lowest since September, as exports from the nation’s second-largest terminal at Zawiya were disrupted. The OPEC nation’s output has Continue Reading
Libya’s NOC locked in new battle over oil sector powers
Libya’s National Oil Corp, or NOC, has become embroiled in a new political battle as it seeks to defend its role as both policy setter and regulator in the oil Continue Reading
Libya’s Oil Output Drops After Biggest Field Closes
Libya’s biggest oil field was said to stop producing, leading to a 20 percent decline in crude output from the country with Africa’s largest reserves. The OPEC nation’s output dropped Continue Reading
Libya’s oil output down 252,000 bpd due to armed protests
A general view of the El Sharara oilfield, Libya December 3, 2014. Oil production from the western Libyan fields of Sharara and Wafa has been blocked by armed protesters, reducing Continue Reading
Libya’s Biggest Port Loads First Oil Tanker Since Clashes
Libya’s biggest oil terminal loads its first tanker since fighting between armed groups earlier this month halted shipments from two ports in the country with Africa’s largest crude reserves. The Continue Reading
Libya’s National Oil Corp warns of new attempt at independent oil sales
Libya’s National Oil Corporation (NOC) said on Sunday that it had identified “illegal” efforts to sell crude oil without its approval and warned potential buyers not to enter into such Continue Reading
Libya sets goals for higher oil production
Libya aims to increase crude oil production at some of its fields by 55,000 barrels to the extent that conditions permit, the nation’s main oil company stated. Officials with Libya’s Continue Reading
Libyan oil output rises to 700,000 bpd after port fighting ends: NOC
Libya’s oil production has reached 700,000 barrels per day (bpd), the National Oil Corporation (NOC) said on Wednesday, recovering from a drop earlier this month caused by fighting at two Continue Reading
Algeria’s Sonatrach to Invest $50 Billion, Boost Crude Output
Algeria’s state-run energy producer plans to boost crude oil output by 14 percent in the four years to 2019 and invest billions of dollars in exploration projects. Sonatrach Group expects Continue Reading
Libya’s Oil Production Rebounds Back to Level Before Clashes
Libya’s oil production has climbed back to the level before clashes disrupted output three weeks ago and forced the OPEC nation’s two biggest oil ports to halt shipments. Output is Continue Reading
Why Libya Oil Revival Hinges on Fate of Two Ports
Libya’s ability to reclaim its role as a reliable supplier of crude depends on the fate of a pair of oil ports on the war-ravaged country’s coast. Es Sider and Ras Continue Reading
A New Start For Egypt And Saudi Arabia’s Weathered Relationship
Saudi oil shipments to Egypt have resumed after several months of political crisis between Cairo and Riyadh. Egyptian oil ministry sources stated on 19 March that the first two oil Continue Reading
Why Libya Oil Revival Hinges on Fate of Two Ports
Libya’s ability to reclaim its role as a reliable supplier of crude depends on the fate of a pair of oil ports on the war-ravaged country’s coast. Es Sider and Ras Continue Reading
Libya Ports Poised to Ship Oil as Workers Back After Clashes
Libya’s major oil ports of Es Sider and Ras Lanuf are resuming operations and preparing to export crude after a two-week halt in shipments due to military clashes in the Continue Reading
Russia enlarges military footprint in Libya
Libyan Field Marshall Khalifa Haftar, a fiery commander in eastern Libya, has declared war against radical Islamists, including the Islamic State and al-Qaida, but is controversial for perceived iron-fist tactics. Continue Reading
Egypt moves from electricity deficit to sufficiency
The opening of three major power plants in March was the latest in Egypt’s efforts to end its electricity shortage crisis. “Huge work is being done in this country to Continue Reading
Who Gets Control Of Libya’s Oil As The Guns Go Silent?
The Libyan National Oil Corporation expects to soon regain control over the Es Sider and Ras Lanuf oil terminals, which were the point of clashes between the Libyan National Army Continue Reading
Libya Ports Poised to Ship Oil as Workers Back After Clashes
Libya’s major oil ports of Es Sider and Ras Lanuf are resuming operations and preparing to export crude after a two-week halt in shipments due to military clashes in the Continue Reading