Africa Oil & Gas: Libya’s Largest Oil Field Restarts After Armed Protests

A general view of the El Sharara oilfield, Libya

A general view of the El Sharara oilfield, Libya December 3, 2014.Ismail Zitouny/File Photo

Libya’s largest oil field, Sharara, is resuming normal operations after a brief shutdown caused by a militant attack on the control room in the port city of Zawiya, where crude from Sharara flows. Continue reading

Global Oil & Gas: Libya sends OPEC Oil Output To 2017 High

OPEC oil output has risen this month by 90,000 barrels per day (bpd) to a 2017 high, a Reuters survey found, led by a further recovery in supply from Libya, one of the countries exempt from a production-cutting deal. Continue reading

Global Oil & Gas: OPEC Considers Capping Oil Output Of Exempt Libya, Nigeria

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OPEC beleives in Balanced Oil Markets

OPEC is thinking of putting a ceiling on the crude oil outputs of Libya and Nigeria, as rising production from these two OPEC producers exempt from the cuts is further complicating the cartel’s efforts to draw down oversupply and boost oil prices, The Wall Street Journal reported on Friday, citing OPEC delegates. Continue reading

Africa Oil & Gas: Libya’s oil output tops one million barrels per day

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Libya produced more oil per day – recents data suggests

Libya’s oil production has risen to 1.012 million barrels per day (bpd), a Libyan oil industry source told Reuters on Friday, topping one million barrels for the first time in four years. Continue reading

Africa Oil & Gas: Libya’s oil production above 800,000 bpd

A general view of the El Sharara oilfield, Libya

A general view of the El Sharara oilfield, Libya December 3, 2014. REUTERS

Libya’s oil production is running at above 800,000 barrels per day (bpd) for the first time since 2014, the National Oil Corporation (NOC) said on Wednesday, but a commercial dispute with German oil firm Wintershall has shut in a further 160,000 bpd. Continue reading

Africa Oil & Gas: Libya Oil Output Rebounds as Sharara, Feel Fields Restarted

A general view of the El Sharara oilfield, Libya(Bloomberg) — Libya’s crude production rebounded to more than 700,000 barrels a day as the OPEC member’s biggest oil field and another deposit in its western region resumed pumping after a halt. Continue reading

Africa Oil & Gas: For alleged offshore fraud, Libya arrests four oil executives

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Four Oil Executives arreasted in Libya

Just as Libya loads its first tanker from a new floating storage platform in the offshore Bouri oilfield, authorities have detained four senior oil executives over fraud related to the vessel. Continue reading