Posts Tagged ‘#Oil’

Oil prices rise over Libya exports’ cuts

  • 12 December 2018 - 18:42
Oil prices rise over Libya exports’ cuts

Oil prices rose on Wednesday, supported by a report showing a drop in U.S. crude inventories, a cut in Libyan exports and an OPEC-led deal to trim output. U.S. commercial crude inventories fell by 1.2 million barrels in the week through Dec. 7, the U.S. Energy Information Administration...

Libya’s state oil firm declared force majeure at Sharara oilfield

  • 10 December 2018 - 19:56
Libya’s state oil firm declared force majeure at Sharara oilfield

Libya’s National Oil Company (NOC) said on Monday it had declared force majeure on exports from Sharara oilfield - Libya's largest - after the facility was seized by local protesters identifying themselves as Fezzan Rage Movement. NOC said in a statement the shutdown of its biggest oilfield...

Libya’s Sharara oilfield closed by Fezzan Rage Movement protesters

  • 8 December 2018 - 16:50
Libya’s Sharara oilfield closed by Fezzan Rage Movement protesters

The Libyan biggest oilfield, Sharara, has been shut down by a number of protesters from the Fezzan Rage Movement, the movement said on is social media pages. The movement said the shutdown also included El Feel oilfield. The closure is because of the inaction of the National Oil cooperation...

Libya’s oil ports in the east reopen

  • 8 December 2018 - 12:33
Libya’s oil ports in the east reopen

Eastern Libyan oil export ports have reopened after bad weather forced their shutdown, Libyan state oil company NOC said on Friday. NOC’s statement said storage tanks at the port of Es Sider could accommodate three days of production. One vessel is being loaded now and another is on its way to...

Libya’s oil terminals resume exports after brief closure over bad weather

  • 2 December 2018 - 16:17
Libya’s oil terminals resume exports after brief closure over bad weather

Four Libyan oil export ports that were closed last week because of bad weather have reopened, a Libyan shipping source and port engineers told Reuters on Sunday. Tankers were docking at the eastern Ras Lanuf, Es Sider, Zueitina and Brega ports as well as the western Zawiya terminal linked to the...

Libya’s oil output falls by 150.000 bpd, NOC says

  • 1 December 2018 - 14:02
Libya’s oil output falls by 150.000 bpd, NOC says

The Libyan National Oil Corporation (NOC) said Friday that operations at four oil terminals in the country had been temporarily halted due to bad weather conditions. “Ras Lanuf, Zueitina, Zawiya and Es Sider terminals have all been temporarily shut due to persistent bad weather,” the NOC said...

Libya’s oil exports to China doubled since last year

  • 29 November 2018 - 23:11
Libya’s oil exports to China doubled since last year

Libya’s oil exports to China this year, totalling $3.5 billion so far, are already more than double last year’s, Libya’s National Oil Corporation (NOC) said on Thursday. NOC Chairman Mustafa Sanallah said during a meeting with China’s Chargé d’Affaires in Libya that he was “rightly...

Oil Libya makes a re-brand into OLA Energy in Kenya

  • 28 November 2018 - 15:31
Oil Libya makes a re-brand into OLA Energy in Kenya

Libya Oil Kenya Limited unveiled a new visual identity Wednesday, under the brand OLA Energy, the new brand for its extensive network of retail outlets and petroleum products, Capital Business reported.  “This new brand captures the essence of our company as a modern energy player across our...

Algeria’s state oil firm abandons Libya drilling work

  • 27 November 2018 - 13:29
Algeria’s state oil firm abandons Libya drilling work

Algeria’s state oil and gas company has pulled out of Libya citing deteriorating security conditions. Sonatrach said it had first evacuated its personnel from Libya and then transported production equipment across the border. Algeria's Sonatrach had partnered with the Libyan National...

Libya’s larger oilfield “Sharara” attacked by armed men

  • 21 November 2018 - 19:47
Libya’s larger oilfield “Sharara” attacked by armed men

The National Oil Corporation (NOC) subsidiary Akakus has confirmed that Sharara oilfield sub-station B-6NC-186 has been attacked around 3 pm on Tuesday, November 20, 2018, by an armed group of eight men, adding that no employees were hurt in this attack or production affected by this...