• 9 hours Russia Approves Profit-Based Oil Tax For 2019
  • 13 hours French Strike Disrupts Exxon And Total’s Oil Product Shipments
  • 15 hours Kurdistan’s Oil Exports Still Below Pre-Conflict Levels
  • 17 hours Oil Production Cuts Taking A Toll On Russia’s Economy
  • 19 hours Aramco In Talks With Chinese Petrochemical Producers
  • 20 hours Federal Judge Grants Go-Ahead On Keystone XL Lawsuit
  • 22 hours Maduro Names Chavez’ Cousin As Citgo Boss
  • 1 day Bidding Action Heats Up In UK’s Continental Shelf
  • 1 day Keystone Pipeline Restart Still Unknown
  • 2 days UK Offers North Sea Oil Producers Tax Relief To Boost Investment
  • 2 days Iraq Wants To Build Gas Pipeline To Kuwait In Blow To Shell
  • 2 days Trader Trafigura Raises Share Of Oil Purchases From State Firms
  • 2 days German Energy Group Uniper Rejects $9B Finnish Takeover Bid
  • 2 days Total Could Lose Big If It Pulls Out Of South Pars Deal
  • 2 days Dakota Watchdog Warns It Could Revoke Keystone XL Approval
  • 3 days Oil Prices Rise After API Reports Major Crude Draw
  • 3 days Citgo President And 5 VPs Arrested On Embezzlement Charges
  • 3 days Gazprom Speaks Out Against OPEC Production Cut Extension
  • 3 days Statoil Looks To Lighter Oil To Boost Profitability
  • 3 days Oil Billionaire Becomes Wind Energy’s Top Influencer
  • 3 days Transneft Warns Urals Oil Quality Reaching Critical Levels
  • 3 days Whitefish Energy Suspends Work In Puerto Rico
  • 3 days U.S. Authorities Arrest Two On Major Energy Corruption Scheme
  • 3 days Thanksgiving Gas Prices At 3-Year High
  • 4 days Iraq’s Giant Majnoon Oilfield Attracts Attention Of Supermajors
  • 4 days South Iraq Oil Exports Close To Record High To Offset Kirkuk Drop
  • 4 days Iraqi Forces Find Mass Graves In Oil Wells Near Kirkuk
  • 4 days Chevron Joint Venture Signs $1.7B Oil, Gas Deal In Nigeria
  • 4 days Iraq Steps In To Offset Falling Venezuela Oil Production
  • 4 days ConocoPhillips Sets Price Ceiling For New Projects
  • 6 days Shell Oil Trading Head Steps Down After 29 Years
  • 7 days Higher Oil Prices Reduce North American Oil Bankruptcies
  • 7 days Statoil To Boost Exploration Drilling Offshore Norway In 2018
  • 7 days $1.6 Billion Canadian-US Hydropower Project Approved
  • 7 days Venezuela Officially In Default
  • 7 days Iran Prepares To Export LNG To Boost Trade Relations
  • 7 days Keystone Pipeline Leaks 5,000 Barrels Into Farmland
  • 7 days Saudi Oil Minister: Markets Will Not Rebalance By March
  • 7 days Obscure Dutch Firm Wins Venezuelan Oil Block As Debt Tensions Mount
  • 8 days Rosneft Announces Completion Of World’s Longest Well
Can The Gas Glut Kill The Permian Boom?

Can The Gas Glut Kill The Permian Boom?

The natural gas glut is…

Europe’s Toxic Radiation Cloud Remains A Mystery

Europe’s Toxic Radiation Cloud Remains A Mystery

Last month’s mysterious radiation cloud…

U.S. Launches Airstrikes on ISIS Positions in Libya

U.S. Launches Airstrikes on ISIS Positions in Libya

U.S. warplanes have carried out attacks on Islamic State militants, targeting an apparent training camp in Sabratha, some 70 kilometers west of the capital, Tripoli.

The air strike wave is said to have killed at least 40 people, according to the US Department of Defense.

A key target was Tunisian extremist Noureddine Chouchane (aka Sabir), who is said to be a senior ISIS facilitator in Libya. U.S. officials said it was “likely” that Chouchane was among those killed, but there is no official confirmation of that.

“Destruction of the camp and Chouchane's removal will eliminate an experienced facilitator and is expected to have an immediate impact on ISIL's ability to facilitate its activities in Libya, including recruiting new ISIL members, establishing bases in Libya, and potentially planning external attacks on U.S. interests in the region,” Pentagon Press Secretary Peter Cook said.

Related: Russia Looks To Privatize Oil Assets, But Who Will Buy Them?

Noureddine Chouchane has been linked to two attacks in Tunisia last year, including an attack that killed 30 British tourists.

Civil war-torn Libya is an easy target for the Islamic State, which has largely taken control of the Libyan city of Sirte and its hundreds of miles of coastline, and ransacked two key oil terminals in an attempt to wrest control from fragile Libyan officials. ISIS is banking on taking over these oil facilities and is now reportedly recruiting its own oil and gas engineers.

The U.S. estimates that the group has some 6,000 fighters now active in Libya.

Related: Venezuela Raises Fuel Prices By More Than 6,000 Percent

Media reported that small teams of U.S., British, French and Italian special forces were present in Libya in recent months, helping the local authorities with aerial surveillance, mapping and intelligence gathering.

Earlier this week, a MiG-23 fighter jet of Libya's internationally recognized government has been shot down while carrying out airstrikes against militant positions in the coastal city of Benghazi.

By Charles Kennedy of Oilprice.com

More Top Reads From Oilprice.com:



Join the discussion | Back to homepage

Leave a comment

Leave a comment

Oilprice - The No. 1 Source for Oil & Energy News