Africa Oil & Gas: Libya Faces Oil Disaster As Biggest Field Stops Pumping

Africa Oil & Gas: Libya Faces Oil Disaster As Biggest Field Stops Pumping

Libya is facing a major oil crisis as a group comprising local tribesmen and members of the field’s security guard seized the largest field in the country, Sharara. Advertisements

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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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Global Markets: OPEC Output Climbs to Highest Since 2016 on Saudi and Libyan Gains

Global Markets: OPEC Output Climbs to Highest Since 2016 on Saudi and Libyan Gains

OPEC’s crude production climbed to the highest level since 2016 as increases by Saudi Arabia and Libya offset losses stemming from impending U.S. sanctions on Iran. The group’s 15 members boosted output by 430,000 barrels a day to 33.33 million a day in October, according to a Bloomberg survey of officials, analysts and ship-tracking data. That’s the highest since November 2016, just before the Organization of Petroleum Exporting Countries implemented production cuts to clear a…

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Africa Oil & Gas: Libya Seeks Reconciliation With Oil Conference

Africa Oil & Gas: Libya Seeks Reconciliation With Oil Conference

Libya held on Wednesday an oil and gas forum in the eastern city of Benghazi, where its state owned National Oil Corporation (NOC) ”reached out to a region home to a parallel government backing a rival oil firm”, according to Reuters.

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