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
