Oil prices fell back Tuesday after a brief surge on Monday over fears that a production cut deal might face hurdles in implementation.
Both Saudi Arabian and Russian…
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Oil Reserves48.4 billion barrels
Gas Reserves1.4 tcm
Ibraheim Mejerissi of Wazen Oil Services talks about Libya’s opportunity to increase gas exports to Europe.
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Libya has signed production-sharing agreements with international energy companies to boost upstream exploration and lift output.
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Libya’s NOC has announced three new oil and gas discoveries with Eni, Repsol and Sonatrach across onshore and offshore basins.
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Eni has announced gas discoveries in Libya totalling more than 1 tcf, boosting supply for the domestic market.
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TotalEnergies has restarted production at the Mabruk oilfield in Libya.
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Oil prices fell back Tuesday after a brief surge on Monday over fears that a production cut deal might face hurdles in implementation.
Both Saudi Arabian and Russian…
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Fighting in Libya over the weekend saw clashes between the Petroleum Facilities Guards (PFG) and the Libyan National Army for control of the Es Sider and Ras Lanuf oil…
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At least two key oil ports were seized by a faction loyal to East Libyan commander Khalifa Haftar from forces loyal to Libya’s UN-backed government on Sunday.
The…
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Libya’s National Oil Corporation (NOC) has begun work on ramping up crude exports after the government on Sunday reached a deal with the Petroleum Facilities Guards…
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The global glut shows little signs of easing, the International Energy Agency (IEA) signalled in its report on Wednesday, pointing to the increase in floating storage…
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The prospect of increased crude supplies from Libya and the partial recovery of oil production in Nigeria put pressure on crude futures on Tuesday, with September Brent…
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Rivalling officials at the National Oil Companies in Libya have decided to close ranks, a statement released over the weekend said. The decision builds on the agreement…
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Ayham Ammora, the country chairman and area business manager for North Africa and the Levant at Chevron Egypt Lubricants, talks to TOGY about the advantages and…
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Clashes over the weekend near key Libyan oil facilities left at least three people dead and 10 wounded, casting doubts over the safety and security of oil…
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Crude futures hit a three-week low on Wednesday, continuing a downward trend for the fifth day in a row. Analysts pointed to fears over the UK leaving the EU and…
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