Egypt Explores for Natural Gas With Eye on Exports by 2019
Egypt may announce new discoveries of natural gas by the second half of this year, Oil Minister Tarek El Molla said, bringing it closer to its goal of self-sufficiency by Continue Reading
Libya’s oil sector may be opening to foreigners
Libya plans to start opening the doors to foreign investors that may be ready to step back into the country’s oil sector, a national oil company announced. Mustafa Sanalla, the Continue Reading
How The Saudi Rift With Egypt Is Spiraling Out Of Control
Saudi Arabia’s rift with Egypt is spiraling out of control, with major strategic ramifications for both countries, as well as for the Yemen conflict and other Red Sea security challenges. Continue Reading
Libya’s Oil Output Is at Three-Year High and Rising
OPEC Cuts Won’t Debt Global Inventories Libya is pumping 715,000 barrels a day of oil, the most since 2014, and is on track to keep boosting output this year as Continue Reading
Libya Says Oil Sector Open Again for Business
Libya intends to reopen its oil sector to new foreign investments, its state-run oil company’s chief said Tuesday, a move that would give oil companies the opportunity to develop the Continue Reading
Is Libya A Bigger Threat To Oil Prices Than U.S. Shale?
Despite some suggestions that oil prices will level off at around $60 in 2017, since the initial surge of the OPEC production deal prices have barely nudged above $53. Over Continue Reading
60,000 Bpd Offline In Libya After Technical Malfunction
After an electrical failure at the Sarir oilfield caused by a fire at a substation, Libya’s oil production has fallen by 60,000 barrels per day , National Oil Corp. head Continue Reading
Egypt set for a gas turnaround
The Egyptian natural gas sector is on track for an about-face, though complex dynamics could keep pressure on the industry, Wood Mackenzie found. Italian energy company Eni in December secured Continue Reading
Libya Ramps Up Oil Production, Threatening OPEC Plans
Libya’s crude-oil production has more than tripled in the past six months, imposing an obstacle to the Organization of the Petroleum Exporting Countries’ plans to raise petroleum prices by collectively Continue Reading
Libya To Re-Open Last Major Oil Export Terminal
Libya is about to re-open the last major oil terminal that has been shut due to factions fighting in a move that would allow it to further increase oil exports, Continue Reading