Offloading operations for fuel vessels in a port in Tripoli have been halted, Libya’s National Oil Corporation (NOC) announced on Tuesday, according to Reuters, as military forces led by Khalifa Continue Reading
Libya’s oil output is down to less than 125,000 b/d, a drop of more than 90% since the Libyan National Army imposed a blockade on the country’s five export terminals Continue Reading
The Nigerian National Petroleum Corporation, NNPC, Tuesday, decried the growing activities of oil thieves and pirates, stating that Nigeria lost about $750 million to oil theft in 2019. In a Continue Reading
The European Union agreed on Monday to launch a new naval and air mission to stop more arms reaching the warring factions in Libya, overcoming initial objections from Austria and Continue Reading
European Union foreign ministers agreed to revive a naval mission in the Mediterranean Sea to enforce the internationally backed arms embargo on Libya, a move likely to encounter stiff challenges Continue Reading
Libya’s combatants are readying for a long conflict, as foreign weapons flood in, eastern factions close oil ports and rival alliances wrangle over revenues from Africa’s largest petroleum reserves. y Continue Reading
A top UN official has described the arms embargo on Libya as a “joke” and said the pause in fighting was “holding by a thread”, in a gloomy assessment of the Continue Reading
In its latest information bulletin on the oil blockade of ports and pipelines released yesterday, Libya’s state National Oil Corporation (NOC) confirmed a drop in production to the current level Continue Reading
Fuel shortages have left motorists in Sudan skipping work to queue for petrol and forced the transitional government to introduce a rationing system as it tries to manage acute economic Continue Reading
Oil operations in South Sudan have resulted in soil and water being polluted with toxic chemicals and heavy metals that have serious consequences on the health of residents in oil-rich Continue Reading
Fully controlling Libya’s oil sector, particularly its oil and gas revenues, remains the big prize for Khalifa Haftar’s self-styled Libyan National Army. Haftar controls the bulk of Libya’s key oil Continue Reading
Nigeria’s oil production could drop by 35 percent in the next ten years as regulatory uncertainty and costs amid languishing oil prices may prompt oil majors to postpone final investment Continue Reading
The United Nations Security Council voted to extend sanctions on illicit oil exports from Libya ahead of a vote on a draft resolution seeking to help resolve the situation in Continue Reading
As the 2019-nCoV coronavirus continues to wreak havoc on the oil markets, dropping oil prices more vehemently and abruptly than the 2003 SARS outbreak did, the current plight of Libya Continue Reading
Oil field The Minister of State for Petroleum Resources, Timipre Slyva, said that about one billion barrels of crude oil have been discovered in the Northeastern part of Nigeria. Mr Continue Reading
Forces loyal to Khalifa Haftar have blocked flights carrying United Nations staff to and from Libya, hampering humanitarian and mediation efforts, the U.N. mission said on Wednesday. Haftar’s eastern-based Libya Continue Reading
Libya’s oil production is down to less than 200,000 bpd, and the uncertainty surrounding the outage create complications for OPEC+ as it looks to cut deeper. Libya’s civil war entered Continue Reading
Libya’s Azzawiya Oil Refining Company has suspended its operations for lack of feedstock amid the continued blockade of oil ports that has led to the shutdown of several fields, Reuters Continue Reading
Amnesty says that Nigerian regulations lay down that a clean-up should start within 24 hours of an oil spill, but that three years on, the people of Bodo are still Continue Reading
The Egyptian farmer stood in his dust-blown field, lamenting his fortune. A few years ago, wheat and tomato-filled greenhouses carpeted the land. Now the desert was creeping in. “Look,” he Continue Reading
Liberians have faced long queues at petrol pumps for nearly two weeks as sloppy bookkeeping and poor port infrastructure have triggered economically damaging fuel shortages. Incorrect fuel-reserve figures in the Continue Reading
Economic losses resulting from the blockades of Libyan ports used by the National Oil Corporation of Libya ( NOC ) have surpassed $930 million , the NOC reports. In January Continue Reading
Libya is producing about 204,000 bpd of crude oil at the moment, an unnamed source has told Bloomberg, as a blockade of the country’s export terminals and several fields enters Continue Reading
The outbreak of coronavirus in China has caused uncertainty among concerned operators in the Nigerian economy as oil prices continue to slide downward below the nation’s budget benchmark. PREMIUM TIMES’ Continue Reading
The U.N. envoy to Libya said on Tuesday there was a “genuine will to start negotiating” between rival military factions as they planned to meet for the first time for Continue Reading
Since the end of the 1990s Egypt has dreamt of becoming an East Mediterranean gas and energy hub. The discoveries offshore in the Nile Delta at the end of the Continue Reading
Eni’s joint venture with the Libyan National Oil Corporation is losing 155,000 barrels of oil per day of production because of the continued blockade of oil export terminals and fields, Continue Reading
Exxon Mobil Corp ( XOM.N ) and Total ( TOTF.PA ) have asked Mozambique to send more troops to guard their operations in the far north after a surge of Continue Reading
A resumption in fighting in Libya is threatening to unravel efforts to end a nearly decadelong crisis in the North African country, less than two weeks after foreign backers of Continue Reading
The destabilization of Libya after the ousting of longtime dictator Muammar Khadaffi has created an unstable country where states support a proxy in the continuing civil war. The recent focus Continue Reading
As the Libyan National Army’s blockade of the country’s oil ports enters a second week, the urgency with which European oil traders are seeking alternatives to fill the 1 million Continue Reading
Libya is facing the risk of its oil production grinding to near full stop if a blockade of its export terminals and several fields continues, the chairman of the country’s Continue Reading
ExxonMobil and Egypt have signed two oil and gas exploration deals in the Eastern Mediterranean, the Egyptian Ministry of Petroleum said on Tuesday, weeks after Exxon said it had secured Continue Reading
There are indications that the Federal Governments’ plan to add additional 1.6 million of barrels per day, through new modular refinery may meet dead end, as lack of funds and Continue Reading
Several weeks ago, we have looked into a very recent Russian initiative to increase their presence in the southern part of the Gulf of Guinea, encompassing a new product pipeline Continue Reading
Libya’s oil production took a nosedive to less than 300,000 bpd last week, from over 1 million bpd following a blockade of its main oil export terminals, which has in Continue Reading
Libya’s oil sector is facing a catastrophic situation as production is poised to fall to just 72,000 b/d “very soon” if the blockade led by the self-styled Libyan National Army Continue Reading
Eastern Libyan military commander Khalifa Haftar sought on Sunday to open a new front by moving forces towards the city of Misrata, which is allied to the country’s internationally recognised Continue Reading
Migrants are seen at the Anti-Illegal Immigration Agency in Tajora shelter center in Tripoli, Libya April 24, 2019. (Reuters) Dozens of illegal migrants held in centers in western Libya have Continue Reading
Libya’s oil production has fallen by almost 80% since forces loyal to self-styled General Khalifa Haftar of the Libyan National Army imposed a blockade on the OPEC producer’s five key Continue Reading
Chairman of the National Oil Corporation (NOC) Mustafa Sanallah [Photo: Archive] Libya’s oil output will collapse “within days” to the lowest level since the 2011 civil war as a blockade Continue Reading
Libya: Haftar Shifts Strategy from Oil ‘Protector’ Shutting off Libya’s oil was always General Khalifa Haftar’s trump card to play when the time was right. That time is now, with Continue Reading
The Nigerian National Petroleum Corporation, NNPC, said that the country recorded 2,181 vandalised pipeline points within one year period between October 2018 and October 2019. Investigation shows that this development Continue Reading
In just one day, a swarm of locusts the size of Paris could eat the same amount of food as half the population of France The UN has called for Continue Reading
General Khalifa Haftar has shut off more than half of Libya’s oil exports, and the National Oil Company (NOC) has declared force majeure, taking a whopping 800,000 barrels per day Continue Reading
Libya’s National Oil Company has confirmed that is has lost virtually all of its oil production, at 1.2 million barrels per day of oil production, and $77 million in daily Continue Reading
The U.S. Embassy in Libya said on Tuesday that the country’s National Oil Corporation (NOC) should be allowed to immediately resume oil operations that were suspended over the weekend after Continue Reading
Libya’s oil output will collapse “within days” to the lowest level since the 2011 civil war as a blockade of its export terminals has forced a rapid shutdown of production Continue Reading
Oil prices rose to their highest in more than a week on Monday after two large crude production bases in Libya began shutting down amid a military blockade, risking reducing Continue Reading
Tribal groups loyal to General Khalifa Haftar have blocked oil exports from eastern Libyan ports and have also seized several oil fields in the south ahead of peace talks between Continue Reading
