The Never-Ending Battle For Libya’s Oil Crescent
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
Egypt Aims For Natural Gas Dominance In The Mediterranean
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
Security Concerns Over Libya’s Oil Attracts Huge Freight Premiums
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
Libyan Oil Recovers, Exceeds 1 Million Bpd
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
Eni building up its position in Egypt
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
Libyan crude oil output jumps to two-month high above 1 million b/d
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
Egypt To Start Importing Israeli Gas For Re-export In Early 2019
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
Egyptian company to start gas imports from Israel next year, sources say
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
Production Restarting In Libya After Fields Come Back Online
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
Oil Sector Under Fire In Libyan Corruption Crackdown
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