Libya’s National Oil Corporation (NOC) said on Tuesday it would immediately start working to resume crude exports from ports seized in recent days by forces loyal to eastern commander Khalifa Continue Reading
NATO allies called on parties to the conflict in Libya to immediately abandon any hostile action that may jeopardize energy infrastructure and oil exports. The governments of France, Germany, Italy, Continue Reading
Haftar’s forces seen using two ports for political leverage Facility had been scheduled for first shipment since 2014 Libya’s plans to restore oil production suffered a significant setback after forces Continue Reading
When Islamic State captured this Mediterranean port last year, fighters tagged walls and buildings with the group’s name. Now, pro-government forces are on the verge of driving the extremists out Continue Reading
Logos of Shell is pictured at a gas station in the western Canakkale province, Turkey April 25, 2016. Royal Dutch Shell announced on Wednesday new natural gas discoveries in a Continue Reading
Libyan forces said they captured a residential neighborhood in central Sirte from Islamic State on Monday, leaving just one district of the city still occupied by the militants. Spokesman Rida Continue Reading
A member of the leadership of Libya’s U.N.-backed government who is close to powerful rival factions in the east of the country has said he will end his boycott of Continue Reading
Members of Libyan forces allied with the UN-backed government fire a weapon towards Islamic State militants in neighbourhood Number One in central Sirte, Libya August 28, 2016. At least 34 Continue Reading
Two weeks ago, news broke that the International Monetary Fund had reached a “tentative” agreement with Egyptian officials regarding a $12 billion loan that the Washington-based pool would pay out Continue Reading
Egypt plans to end fuel subsidies within three years and is aiming to increase fuel prices to 65 percent of their actual cost during the 2016/17 fiscal year, two government Continue Reading
Libyan forces renewed their push to oust Islamic State from its former North African stronghold of Sirte on Sunday, saying they had seized the city’s main mosque and a jail Continue Reading
Members of the NATO alliance said they welcomed Libyan investment board actions as a step toward ensuring authority over the nation’s oil wealth. The governments of France, Germany, Italy, Spain, Continue Reading
An oil tanker on Thursday began loading crude from Libya’s Zueitina port, the first cargo about to be shipped from the terminal in 10 months, a spokesman for the country’s Continue Reading
Libyan officials were cautious on Thursday about declaring complete victory over the Islamic State in the coastal city of Surt, saying unknown numbers of the militant organization’s extremists remained ensconced Continue Reading
U.S.-backed Libyan forces said on Wednesday they have taken over Islamic State group’s headquarters in Sirte, the militants’ final bastion in Libya, breaking a stalemate with the help of U.S. Continue Reading
U.S. Special Operations forces are providing direct, on-the-ground support for the first time to fighters battling the Islamic State in Libya, U.S. and Libyan officials said, coordinating American airstrikes and Continue Reading
Libya forces Operation Dignity, a Libyan militia, has attacked the Zueitina oil terminal near Benghazi, local media report . The attack, which took place on Friday, was repelled by Petroleum Continue Reading
Es Sider terminal has been closed since December 2014 Six of 19 storage tanks at port damaged in past two years Libya has started maintenance work at Es Sider port, Continue Reading
Unity government reached a deal with guards to reopen ports Measure viewed as insufficient to drive up flows from country Oil traders who specialize in purchasing cargoes from Mediterranean ports Continue Reading
U.S. airstrikes targeted Islamic State positions in the Libyan city of Sirte for the second straight day on Aug. 2, the press office of Libya’s Government of National Accord (GNA) Continue Reading
Factions in divided nation continue to shut oil fields Libya’s state crude producer is working to resume oil shipments from three ports after a deal was struck to settle payments Continue Reading
The United States launched multiple airstrikes against Islamic State militants in Libya on Monday, opening a new, more persistent front against the group at the request of the United Nations-backed Continue Reading
The US launched air strikes against Isis in the Libyan city of Sirte in a bid to support forces allied to the government who are battling to regain control of Continue Reading
Libyan oil production and export has been… Libya’s state-controlled National Oil Co. said it was taking steps to restart exports from three blocked oil ports after the government reached a Continue Reading
Libya’s state oil company said on Sunday it welcomed the “unconditional” reopening of blockaded oil ports following a controversial deal between the U.N.-backed government and a force that controls key Continue Reading
Oil tanker Libya’s key oil terminals have reopened for operations, Moussa al-Kouni, the deputy head of the country’s UN-brokered presidency council, told reporters late on Thursday at the Ras Lanuf Continue Reading
Libyan government officials were in talks with brigades holding the Ras Lanuf oil port, one of two major oil terminals shut down since December 2014, to reach a deal to Continue Reading
The chief of staff of the Libyan army has warned foreign companies the army will fire at any non-Libyan tanker entering the country’s territorial waters. The warning comes after a Continue Reading
Libya’s Petroleum Facilities Guard (PFG) will start lifting a blockade on eastern oil terminals over the next three days, though a resumption of exports will depend on the state of Continue Reading
With strengthened safety measures in place, Statoil and BP pledge their commitment to Algeria despite militant attacks on their facilities in the North African nation. Statoil ASA and BP plc Continue Reading
Libyan forces allied with the U.N.-backed government have been shelling and carrying out air strikes on the center of Sirte city in a siege of Islamic State militants there, an Continue Reading
The Marsa al-Hariga oil terminal in eastern Libya. No timing for lifting of force majeure on ports yet: NOC Four of biggest oil ports shut due to politics, fighting Libya’s Continue Reading
National Oil Corp. chairman Libyans to share oil revenue ‘fairly’ under unified company Libya’s state crude producer is seeking to reopen oil ports and restore crude output as the fractured Continue Reading
Political turmoil curbed oil and gas investment, says minister Nation is suffering high unemployment, declining energy output Social and political unrest in Tunisia is reducing energy production, adding to the Continue Reading
The ground-breaking agreement to unify Libya’s two rival National Oil Companies (NOCs) last week in Ankara, Turkey, is good news for Libyan oil exports on the surface—but the reality is Continue Reading
Last week the two administrations of Libya’s National Oil Company made a breakthrough , reaching an agreement to unify their oil operations for the greater good, but now the eastern Continue Reading
A political breakthrough in Libya could potentially contribute to the return of some of the country’s disrupted oil production. Libya has been torn apart by civil war, political gridlock, and Continue Reading
The end of a split in Libya’s National Oil Corp. marks a small step toward healing the divided country, but the political stalemate that shut down of most of its Continue Reading
National Oil Corp. leaders reach deal on unified budget NOC to be headed by Mustafa Sanalla, based in Benghazi Rival leaders of Libya’s National Oil Corp. reached an agreement to Continue Reading
Rival Libyan oil companies have finalized a deal to merge, Libyan officials said, removing a key obstacle to the unification of the conflict-torn nation under the auspices of a single Continue Reading
Attacks on oil and gas facilities, along with political instability, are damaging Libya’s oil and gas industry. Ongoing militant attacks on hydrocarbon installations in Libya have helped stem the production Continue Reading
With pressure on the sector easing, a subsidiary of field services company Schlumberger said it secured a multi-million dollar contract for offshore Egypt. Schlumberger, which has headquarters in Houston, is Continue Reading
BP sanctions the development of the Atoll Phase One project in Egypt. BP announced Monday that, together with the Egyptian Natural Gas Holding Company (EGAS), it has sanctioned the development Continue Reading
British energy company BP said Monday it was putting a deepwater natural gas project in Egypt on the fast track to development. BP and its regional partner, the Egyptian Natural Continue Reading
Fighters aligned with Libya’s unity government on Friday during the advance on Sirte. Forces aligned with Libya’s internationally backed unity government closed in on the center of the Islamic State Continue Reading
Forces aligned with Libya’s unity government said on Friday they had taken control of the port of Sirte, making further gains in Islamic State’s North African stronghold. Brigades largely composed Continue Reading
Image caption Forces loyal to the unity government in Tripoli fought street battles with IS to take Sirte’s port back Libyan forces say they have re-taken control of the port Continue Reading
A new natural gas discovery on the coast of Egypt’s Nile Delta has been made by Eni and British Petroleum (BP). The two companies own a 50-50 share of the Continue Reading
Image caption Government forces say they have already captured several strategic areas on Sirte’s outskirts Significant gains have been made by Libyan government air, sea and land forces fighting to Continue Reading
Libyan forces loyal to a U.N.-brokered government have advanced deep inside the coastal city of Sirte, the main stronghold of the Islamic State group’s local affiliate, officials said Wednesday. Brig. Continue Reading
