Libya has restarted production at its largest field, Sharara, as peace talks began between eastern and western forces. The national Oil Corporation announced it had lifted the force majeure on Continue Reading
The prospect of the return of the 1.2 million barrels per day (bpd) of crude oil that Libya was producing before the broad-based blockade of its energy infrastructure caused it Continue Reading
Libya took a major step toward reviving its battered oil industry by reopening its biggest field, presenting a new headache for OPEC+ as the alliance of major producers tries to Continue Reading
Sharara can contribute an additional 300,000 barrels a day, the officials said. Its initial output was 27,000 barrels a day as of Sunday. Output at the field has been shut Continue Reading
The governor of the Libyan central bank has called for the increase of oil production to 1.7 million bpd as soon as possible as the country’s economy continues to struggle Continue Reading
Highlights President Buhari urges quick passage of oil reform bill Says amnesty program for militants to stay in place No U-turn on recently announced end to fuel subsidies Lagos, Nigeria Continue Reading
Nigeria, Africa’s largest crude oil producer and exporter, expects to end its crude-for-fuel swap deals by 2023 when its refining capacity is set to increase with state refineries revamped and Continue Reading
The number of people hit by seasonal flooding in East Africa has increased more than fivefold in four years, according to UN figures. Nearly six million people have been affected Continue Reading
Nigeria will end the exchange of its crude for fuel by 2023 as domestic refining capacity improves, ThisDay newspaper reports, citing Mele Kyari, head of the state-owned oil company. The rehabilitation Continue Reading
If there’s one thing three of the world’s most prominent geologists, geochemists and drill completion experts agree on it’s this: Namibia’s Kavango Basin could end up being the last major Continue Reading
