Libya output dwindles as blockade bites
Libya’s oil production has fallen to just over 260,000 barrels per day as a result of the blockade, imposed by the Libyan National Army (LNA).
Libya
Libya’s well-timed oil blockade
The Libyan National Army’s (LNA) decision to halt exports from a number of ports brings more pressure to bear on the Tripoli-based Government of National Accord (GNA) but does little to upset the international oil market.
Oil slides on over supply as Europe mulls Libya action
Oil fell below $65 a barrel as ample global supplies offset the loss of exports from Libya, while Europe considered a military mission to help enforce an arms embargo and a potential cease-fire in the OPEC producer.
Libyan output reduced to near zero
As world powers met in Berlin to hash out a way forward in Libya, local pressures in the North African state took virtually all of its oil production offline.
Libya tots up oil earnings
While high-level meetings continue in trying to bring some sort of resolution to Libya’s conflict, the National Oil Corp. (NOC) has continued producing hydrocarbons and its commitment to transparency.
Hopes for Libyan peace shift to Berlin
The Russian-Turkish ceasefire talks for Libya fell apart on the opposition of General Khalifa Haftar on January 13, with the head of the Libyan National Army (LNA) walking away from meetings in Moscow.
Russian-Turkish ceasefire for Libya takes flight
A ceasefire in Libya driven by Turkey and Russia has received backing from the two major factions in the North African country, with hostilities having officially stopped on January 12.
Russia, Turkey call for Libya ceasefire
Russia and Turkey have called for a ceasefire in Libya, to come into force as of midnight January 12.
Turkish mercenaries turn up the pressure in Libya
The civil war in Libya is escalating as mercenaries, supplied by Turkey, have been mobilised to support the Tripoli-based Government of National Accord (GNA).
Oil trades near three-month high amid signs of shrinking supplies
Oil held gains near the highest level in more than three months on indications of shrinking U.S. crude stockpiles and optimism in the global economic outlook.
Israel endorses Egypt gas exports
Israel has approved permits to export gas to Egypt, from offshore fields. First exports are expected in January.
Wintershall reaches Libya deal
Wintershall’s local subsidiary has signed two exploration and production-sharing agreements (EPSAs) with Libya’s National Oil Corp. (NOC) after compromising on licence terms.
Total resolves Waha woes with Libya’s NOC
Total has reached an agreement with Libya’s National Oil Corp. (NOC) on the French company’s acquisition of a stake in the Waha concessions.
Tatneft kicks off seismic in Libya
Russia’s Tatneft has restarted its acquisition of seismic in Libya, the National Oil Corp. (NOC) has announced, picking up where it left off in 2014.
Libya-Turkey deal sparks Greek protests
The decision from Libya’s Government of National Accord (GNA) to sign a deal on a maritime border with Turkey has sparked condemnation from other east Mediterranean states.
El Feel knocked down in Libya
Libya’s El Feel has been shut-in as a result of local military activity, the country’s National Oil Corp. (NOC) has announced.
Libya’s NOC sets out big plans in international pitch
Libya expects to raise more than $20 billion in revenue in 2019, with production running at around 1.25 million barrels per day, the company’s chairman Mustafa Sanalla said at a conference in Tunis.
Libya’s NOC warns of coming revenue squeeze
Revenues from Libya’s oil are falling, the National Oil Corp. (NOC) has said, and may fall “precipitously” if the government does not cover the agreed budget.
Eni on living through the chaos in Libya
The week the Libyan uprising began in 2011 was one like any other for workers at Italian oil company Eni SpA in the North African country. They played soccer and watched movies, oblivious to the battles with police and mounting deaths in the revolution that toppled Muammar Qaddafi.
NOC swings at eastern competition
Libya’s National Oil Corp. (NOC) is fighting a rearguard action to secure the company’s unity, following the establishment of a rival board of directors for the Brega Petroleum Marketing Co. (BPMC).
Libyan revenues rise, despite conflict
Libya’s National Oil Corp. (NOC) reported income of $2.1 billion in July, up 23% on the previous month.
Crude at five-month high as U.S. gasoline stockpiles tumble
Crude closed at a five-month high after U.S. government data showed the biggest decline in gasoline stockpiles since 2017, offsetting an increase in crude inventories.
Oil above $70 ‘must be a positive’ as North Sea investors remain cautious
Higher crude prices should encourage North Sea oil companies to dial down the caution and bring forward more new projects, a prominent petro-economist said yesterday.
Oil rises as supplies reduced by OPEC, Libya field halt
Oil rose on renewed optimism that production cuts announced by the OPEC+ coalition will rebalance the market, while a giant Libyan field remained shut and U.S. inventories were estimated to have shrunk.
Libya oil boss sees output jump as BP, Eni may restart soon
BP Plc and Eni SpA could re-start work on a project in Libya in the first quarter, setting the stage for the OPEC member to boost production by “hundreds of thousands of barrels” a day, the head of the country’s state oil company said.