OIL AND GAS

September 18, 2019

Libya restores storage capacity at Ras Lanuf terminal: NOC

London — Storage capacity at Libya's key 220,000 b/d Ras Lanuf oil terminal has increased following renovation work, state-owned National Oil Corporation said late Tuesday, after a number of storage tanks were destroyed by Islamic State militants in January 2016.

'This"...

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September 17, 2019

SNC-Lavalin Awarded Oil and Gas Contract from Al Yasat Petroleum, United Arab Emirates

SNC-Lavalin announces that it has been awarded a general engineering, project management and technical support services contract from Al Yasat Petroleum, a joint venture between Abu Dhabi National Oil Company (ADNOC) and China National Petroleum Corporation"...

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September 16, 2019

NNPC Agrees to $2.5bn Financing with Chinese Lender for Pipeline Project

The Group Managing Director of the Nigerian National Petroleum Corporation (NNPC), Mallam Mele Kyari, has disclosed that the corporation has agreed to a $2.5 billion financing with a Chinese lender for pipeline project in Nigeria.

Kyari"...

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September 15, 2019

Tunisia imported refined oil products for 4 billion dinars in 8 months

The National Institute of Statistics (INS) unveiled earlier this week the bad figures of Tunisian foreign trade for the first eight months of the year, announcing a trade deficit of 12.9 billion dinars, or 704 million dinars more than 2018 and 2.8 billion dinars more than in 2017.

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September 12, 2019

What Future for Solar Power in Libya

The UN Development Programme (UNDP) has installed solar panels in 15 Libyan hospitals, and Austrian and Italian companies are also lending their expertise to the country’s development of and research on solar power.

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September 12, 2019

Oil prices gain after fall in US crude stockpiles

TOKYO: Oil prices traded higher on Wednesday after an industry report said US crude stockpiles fell last week by more than twice the amount that analysts in a Reuters poll had forecast.
Brent crude futures rose 51 cents, or 0.6 per cent, to $62.89 a barrel by 04:05 GMT, while West"...

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September 12, 2019

Germany aims to host Libya conference to stabilise oil producer

Germany aims to host a conference about Libya this year in conjunction with the United Nations to try to stabilise the oil producing country, where rival factions have been fighting over the capital, Germany’s ambassador to Libya said on Wednesday, Reuters reports.

The"...

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September 11, 2019

NOC, Zallaf and De Golyer-McNoughton discuss development plans for discovered and undeveloped fields

Libya’s National Oil Corporation (NOC), its subsidiary Zallaf and De Golyer and MacNaughton (D&M), a leading U.S. independent oil consulting firm, discussed development plans for discovered and undeveloped fields during a meeting in Tunis yesterday.

The"...

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September 11, 2019

Libya’s state oil firms denies Reuters report about cutting kerosene supplies to eastern region

The National Oil Corporation (NOC) is a national institution working for the benefit of all Libyans. The NOC said on Friday that it rejects any attempt to portray it as a participant in the war, or supportive of any side of the ongoing fighting in the country. NOC added that Brega Petroleum Marketing Company (BPMC) continues to distribute and provide sufficient fuel quantities nationally to satisfy civilian demand. “Jet fuel stocks and supplies are more than adequate to cover domestic demand in both the east and west of the country.”......

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September 10, 2019

NERC Boss Optimistic about Stable Power Supply

As Nigerians anxiously await stable electricity supply in the country, the Chairman of the Nigerian Electricity Regulatory Commission (NERC), Prof. James Momoh, has expressed optimism that, “stable power supply in the nation will be realised in our life time.”

Momoh,"...

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