The closure of Libya’s El Sharara oilfield by local protesters entered its fifth day on Saturday, as the interim unity…
Browsing: Oil & Gas
Oil prices rose on Friday by over $1 on Friday, where Brent crude futures were up $1.10, or 1.42%, at $78.69 a barrel, while U.S. West Texas Intermediate crude futures rose $1.45, or 2.01%, to $73.64, according to Reuters.
An official security source in the El-Feel oilfield, located in the Murzuq basin, confirmed the the oil site is still open and that the production proceeds regularly, despite the protests that led to the closure of the nearby Sharara fiel in Ubari, reports Italian news agency Nova.
Oil prices were little changed in Asian trade on Wednesday after sharp moves earlier in the week, as markets weighed concerns about the U.S. economy against potential supply disruptions from ongoing tensions in the Red Sea, according to Reuters.
International oil prices are likely to stay near $80 a barrel in 2024, a Reuters poll showed on Friday, as analysts predicted weak global growth would cap demand, while geopolitical tensions could provide support.
Libya’s top financial auditor has sounded alarms over a tentative deal between the state-owned National Oil Corporation (NOC) and foreign…
The Libyan National Oil Corporation (NOC) announced Tuesday that its subsidiary Mellitah Oil and Gas Company completed re-drilling the Fourth Well in the El Feel field, with a production capacity of about 3,500 barrels of oil per day.
Libya natural gas production has decreased by 8 percent due to the progressive depletion of existing wells, according to the country’s Audit Bureau.
The National Oil Corporation (NOC), Libya’s state oil company, has announced that oil production reached 1,219 million barrels per day, to which 56 thousand barrels of condensate are added, on Sunday 17 December.
Libya’s state-owned National Oil Corporation (NOC) held a technical meeting last Monday with representatives of its Algerian counterpart, Sonatrach, to define an exploration plan to be carried out in 2024 in the Ghadames Basin, in western Libya.