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
