Africa Oil & Gas: Libyan oil revenue dips to $2.4 billion in November

Africa Oil & Gas: Libyan oil revenue dips to $2.4 billion in November

Libyan oil revenue dips to $2.4 billion in NovemberDUBAI: Libya’s oil and gas revenue dipped to $2.4 billion in November from $2.87 billion in October, but full-year revenue is expected to surge by 76 percent to $24.2 billion, state oil firm NOC said on Friday.

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Africa Oil & Gas: Sharara To Reopen After PM Negotiates Withdrawal Of Protesters

Africa Oil & Gas: Sharara To Reopen After PM Negotiates Withdrawal Of Protesters

Libya’s largest oil field Sharara will reopen after Prime Minister Fayez al-Sarraj negotiated with the protesters that had blockaded it and agreed to meet their demands, Libyan media report. However, the National Oil Corporation has not confirmed it will restart the field.

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Africa Oil & Gas: US Calls On Libya To Resolve Sharara Problem

Africa Oil & Gas: US Calls On Libya To Resolve Sharara Problem

The U.S. State Department has issued a statement urging the Libyan authorities and the militants who put a blockade on the country’s biggest oil field to resolve their differences so production could resume.

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Africa Oil & Gas: OPEC Urges Nigeria, Libya To Join Oil Production Cuts

Africa Oil & Gas: OPEC Urges Nigeria, Libya To Join Oil Production Cuts

OPEC is trying to persuade Libya and Nigeria to join cuts if the cartel agrees to reduce production, delegates told S&P Global Platts, while the OPEC and non-OPEC leaders of the deal, Saudi Arabia and Russia, are still discussing how much to cut and how to share these cuts out.

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Africa Oil & Gas: Bad Weather Closes Libyan Oil Ports, 150,000 Bpd Output Shut In

Africa Oil & Gas: Bad Weather Closes Libyan Oil Ports, 150,000 Bpd Output Shut In

Several crude oil terminals in Libya have been closed due to inclement weather, with oil production in the country already down by 150,000 bpd and likely to drop by a further 50,000 bpd, Libya’s National Oil Corporation (NOC) said on Friday.

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Africa Oil & Gas: Libya’s Bahr Essalam Phase 2 project to complete by end of 2018

Africa Oil & Gas: Libya’s Bahr Essalam Phase 2 project to complete by end of 2018

Libya’s National Oil Corporation (NOC) chairman, Eng. Mustafa Sanalla, met with the CEO of Italian oil major Eni, Claudio Descalzi, at NOC headquarters on November 3, 2018, to discuss ongoing in-country operations, including plans for the seven remaining wells at the offshore Bahr Essalam Phase 2 project – expected to complete by the end of 2018.

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