New gas production starts in Algeria
Spanish energy company Repsol said it started production from a complex of Algerian gas fields, finishing off one of its most significant African developments. Repsol CEO Josu Jon Imaz joined Continue Reading
The Battle For Libyan Oil Is Heating Up
Just as oil watchers wonder whether Libya’s ambitious oil production targets could undermine the OPEC deal, Libya’s General Haftar—the man largely responsible for freeing up Libyan oil production after two Continue Reading
Russia ready to consider easing arms embargo for Libya: Ifx cites diplomat
Russia is ready to consider easing an arms embargo for Libya, the Interfax news agency cited Russian Deputy Foreign Minister Gennady Gatilov as saying on Wednesday. Libyan Prime Minister Fayez Continue Reading
Will Libya Be First To Ditch The OPEC Production Deal?
Just two weeks after it pledged to cap its crude oil production at the level of 1 million barrels daily, Libya has sent a signal that it actually has immediate Continue Reading
Exxon eyes Egypt’s offshore oil and gas
Exxon Mobil ( XOM.N ) is considering a foray into Egypt offshore oil and gas, seeking to replicate rivals’ success in the country and boost its reserves, officials and industry Continue Reading
Can Nigeria And Libya Avoid A Production Cut?
Beyond discussing the broader terms of the production cut deal, OPEC will crunch the numbers of exempt producers Libya and Nigeria this week to see if their oil production has Continue Reading
Israel, Egypt Said to Discuss Gas Exports
Egypt clarified that option to import Israeli gas still open Previous arbitration ruling remains an obstacle to deals A natural gas production platform west of the Ashkelon shore in Israel. Continue Reading
Libyan wealth is wasted, U.N. envoy says
The humanitarian situation in Libya is in a severe state even though the OPEC-member sits on “vast wealth,” a United Nations envoy said. Ghassan Salamé, the U.N. special envoy for Continue Reading
Algeria Invests $2 Billion Into Hassi Rmel Gas Field
Algeria’s state energy firm Sonatrach on Monday started $2 billion of new investments into the Hassi Rmel gas field to keep production stable at the country’s biggest gas field. “The Continue Reading
Libyan state oil firm confirms “security breach” at El Sharara oilfield
Libya’s state oil company said on Monday there had been a “security breach” at its southern El Sharara oilfield on Sunday night. NOC blamed weak security for the incident at Continue Reading