OIL AND GAS

January 21, 2020

Pipeline closure risks taking nearly all Libya’s oil offline

CAIRO: Two major oilfields in southwest Libya began shutting down on Sunday after forces loyal to Khalifa Haftar closed a pipeline, potentially reducing national output to a fraction of its normal level, the National Oil Corporation (NOC) said.
The closure, which follows a blockade"...

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January 21, 2020

GECOL tells consumers to expect more hours of power cuts following closure of gas fields

The General Electricity Company of Libya (GECOL) confirmed on Sunday that it had lost more than 300 megawatts of productive capacities produced by the power plants in Zueitina and North Benghazi, after closing the gas fields in the eastern line feeding the two plants.

This"...

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January 21, 2020

Oil revenues for 2019 exceeded 20 billion USD until the end of November 2019

National Oil Corporation (NOC) reported November 2019 revenues of approximately 1.8 billion USD, a decrease of around 410 million USD (19%) on October 2019 revenues and a decrease of 613 million USD (25%) compared with November 2018. This takes total revenues in 2019 until the end of November"...

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January 20, 2020

Southern Libyan oilfields face threat of closure

A group that has previously shut down Libya’s largest oilfield is threatening to do so again as international powers gather in Berlin for summit on Libya, potentially taking nearly all the country’s oil output offline.

According"...

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January 20, 2020

Oil spike likely as markets reopen after Libyan supply disruption

The closure of ports in Eastern Libya on Saturday could cause prices to rise once global oil markets resume trading on Monday, but any increase could be short-lived if a political agreement between warring factions in the north African country is reached at a summit currently under way"...

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January 19, 2020

Libya oil exports blocked, raising stakes for Berlin peace summit

BERLIN — Forces loyal to Libyan military strongman Khalifa Haftar blocked oil exports from the war-ravaged country's main ports Saturday, raising the stakes on the eve of an international summit aimed at bringing peace to the North African nation.

The"...

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January 15, 2020

Customs Laments Sustained Smuggling of Petrol at Border Communities

The Nigeria Customs Service (NCS) Co-ordinator in-charge of the North central zone, which comprises Kwara, Kogi, Niger and Benue states, Mr. Mohammed Uba Garba, has lamented the continued smuggling of petroleum products across the border communities, despite the federal government directive"...

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January 15, 2020

Delta Bans Protest to Oil Companies

Relief may have come the way of international oil companies (IOCs) operating in Delta as the state government has placed a ban on any form of protest by youths and communities to any of their offices in the state.

The"...

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January 9, 2020

Midwestern Oil Empowers Youths

The Midwestern Oil and Gas Company Limited has awarded scholarship to 48 students drawn from its host communities in Delta State.
This bring to 217, the total number of sponsored students since the inception of the programme five years ago.

According"...

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December 30, 2019

Sun'allah: We Consider Possible Suspension of Oil Operations in Clashes Areas to Protect Personnel

Tripoli, 29 December 2019(Lana) Chairman of the Board of the National Oil Company Mustafa Sun'allah has warned against fighting spreading to the Al Zawiyah refinery. Reports Friday confirmed a site near a reservoir operated by the Al Zawiyah Refinery was hit by a rocket BUT NO ONE WAS"...

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