Libya’s al-Bayda Oilfield Resumes Operations: Engineer
Libya’s al-Bayda oilfield has resumed operations following five months of inactivity due to heavy fighting.
Ras Lanuf | Egypt Oil & Gas
Libya Hydrocarbon Revenues Fall $455M in August
Libya’s oil and gas revenues have fallen to roughly $1.57 billion in August, a $445 million drop off from the previous month, the Libyan National Oil Company (NOC) announced on October 26.
Libya Declares Force Majeure on Supplies, Oil Rises
Libya has declared a force majeure on significant ammounts of its supply, pushing oil prices to highs not seen since 2014.
Libya Oil Facilities Suffer ‘Catastrophic Losses’ After Clashes
Libya’s National Oil Company stated that clashes at oil facilities on the country’s northeast coast have caused “catastrophic losses” after two storage tanks were destroyed.
Libyan Oil Ports Close After Armed Clashes
Armed clashes have halted oil loadings at Libya’s Es Sider and Ras Lanuf oil ports, and at least one storage tank at Ras Lanuf was set alight.
Libya Targets 1.25 Mb/d of Oil by the End of 2017
The North African country is targeting 1.5 million b/d of oil by the end of 2018, with hopes of reaching 2.1 million b/d after four or five years.
Libya Resumes Operations at Major Ports
Libya’s major oil ports of al-Sidra and Ras Lanuf are resuming operations and preparing to export crude after two weeks without activities.
Libya’s Biggest Ports Shut Following Militant Attack
Libya halted exports from its two of biggest oil ports and reduced production from some fields after clashes threatened to reverse the North African country’s progress in reviving crude output and sales.
Libya to Produce 900,000b/d of Oil
The Libyan National Oil Corporation's (NOC) Chairman, Mustafa Sanallah, said that Libya's oil production had passed 554,000b/d and was on track to hit the 900,000b/d mark by the end of 2016.
