1196 results found for 'Libya'

1196 results found for 'Libya'
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  • OPEC production at 29.56 million b/d in March

    11 April 2014

    Oil production from the Organization of the Petroleum Exporting Countries (OPEC) plunged 550,000 b/d from February to 29.56 million b/d in March — its lowest level since mid-2011 — according to the latest Platts survey of OPEC and oil industry officials and analysts. The decline followed February production of 30.11 million b/d and was mainly […]

  • Total buys into Libyan gas concession

    5 March 2018

    France’s Total has acquired Marathon Oil Libya which holds a 16,33 percent stake in the Waha Concessions in the country.

  • Hess sinks deeper into the red despite higher output

    29 January 2020
    Business & Finance

    Hess Corporation sank deeper into the red in the last quarter of 2019 despite higher production levels when compared to the prior-year quarter.

  • Repsol 1Q 2019 income flat despite lower oil prices

    30 April 2019
    Business & Finance

    Spanish oil firm Repsol posted a net income for the first quarter of the year of 608 million euros, almost even compared to last year’s 1Q income of 610 million euros.

  • Platts: Libyan Output Drop-Off Hits OPEC’s July Oil Production

    9 August 2013

    Crude oil output from the Organization of the Petroleum Exporting Countries (OPEC) fell 110,000 barrels per day (b/d) to 30.34 million b/d in July from 30.45 million b/d in June, a Platts survey of OPEC and oil industry officials and analysts showed Thursday. “When the consuming world wonders why oil prices remain relatively high, the […]

  • Effects of President Trump’s Travel Ban on Ships Calling US

    2 February 2017
    Business & Finance

    President Trump’s Executive Order on immigration and travel to the United States has immediate implications for ships which call in the US ports, according to the Standard P&I Club. Namely, the order bans all immigrant or non-immigrant entry into the US of citizens from Syria, Yemen, Sudan, Somalia, Iraq, Iran and Libya and is therefore affecting vessels […]

  • Italy: RINA Boosts LNG Business with Aquisition

    18 November 2011

    By taking control of the D’Appolonia Group, a global engineering consultancy, international classification society RINA has increased its group turnover by almost 50 per cent and significantly strengthened its expertise and range of services in the offshore and port development fields. Says Ugo Salerno, CEO, RINA, “By bringing the D’Appolonia Group’s 580 multidisciplinary staff and […]

  • Oil Cargo Loading Halted at Ras Lanuf amid Fresh Conflicts

    19 September 2016
    Business & Finance

    The Malta-flagged tanker Seadelta, which was due to load 781,000 barrels of crude oil from storage tanks at Libya’s port of Ras Lanuf, has been withdrawn to a‎ safe distance offshore after a fresh outbreak of fighting near the port, according to the country’s National Oil Corporation (NOC). NOC chairman Mustafa Sanalla said that the move was made as […]

  • ICS Voices Concern over Mediterranean Migrant Rescue Incident

    29 March 2019

    ICS expresses concerns about the recent incident involving migrants on board El Hiblu 1. 

  • Top News of the Week July 22 – 27, 2013

    28 July 2013

    DSME Bags USD 595 Million Worth Drillship Order VANTAGE Drilling has placed an order with South Korea’s Daewoo Shipbuilding & Marine Engineering for the construction of a new drillship. According to the DSME’s regulatory filing from July 19, the order is estimated to be worth around $595 million. Cosco Orders Four Vessels from NACKS (China) […]

  • First Subsea to Deliver Bend Stiffener Connectors for Gaza FSO

    9 January 2014
    Business & Finance, Equipment

    First Subsea has been awarded a contract by EMAS AMC (Singapore) to supply diverless bend stiffener connectors for risers and umbilicals connected to the turret moored, Gaza Floating Storage and Offloading (FSO) vessel, offshore Libya, in the Mediterranean. In total, four First Subsea Type 2 bend stiffener connectors (BSCs) will be used to connect three […]

  • Eni Q3 Profit Drops (Italy)

    30 October 2013

    Eni announced its results for the third quarter and nine months 2013. Financial highlights  Adjusted operating profit: €3.44 billion for the quarter (down 15.7%3); €9.1 billion for the nine months (down 35.2%3);  Adjusted net profit: €1.17 billion for the quarter (down 29.4%3); €3.13 billion for the nine months (down 41%3);  Net profit: €3.99 billion for […]

  • Backed by higher crude prices, Hess returns to profit

    31 October 2018
    Business & Finance

    Hess Corporation has returned to profit in the third quarter of 2018 compared to the prior-year quarter helped by higher crude oil selling prices.

  • USA: Hess Q3 Profit Climbs

    2 November 2012

    Hess Corporation reported net income of S557 million for the third quarter of 2012, compared with $298 million for the third quarter of 2011. Third Quarter Highlights: • Net income was $557 million, compared with $298 million in the third quarter of 2011 • Net income excluding items affecting comparability between periods was $495 million […]

  • First Vessels Load Crude from Libyan Ports

    2 July 2014

    Two vessels loaded crude from the Mellitah export terminal and one from Marsa al-Hariga port in Libya over the weekend, thus heralding a recovery of the Libyan oil market output which fell to less than 200,000 bpd. Crude oil tanker EBN Battuta had loaded its crude oil cargo on Saturday, while the second vessel, the […]

  • Bulker Docks at Ras Lanuf, Oil Terminal Still Closed

    4 June 2015
    Business & Finance

    A bulker berthed at Libya’s Ras Lanuf’s non-oil port to discharge cement but found the port closed with Libya’s National Oil Company (NOC) declaring force majeure. NOC also stated that there would be no oil exports from Ras Lanuf or the neighbouring Es Sider Oil Port. The force majeure was declared in March as attacks on oilfields […]

  • Oil up for seventh session but set for worst first half since 1998

    30 June 2017

    By Karolin Schaps LONDON (Reuters) – Oil prices climbed for a seventh straight session on Friday thanks to a weaker U.S. dollar in their longest bull run since April but were still set for their worst first-half performance since 1998. Lingering worries about oversupply have knocked 16 percent off Brent crude so far this year, […]

  • Containerships Launches New Black Sea Service

    17 July 2015
    Business & Finance

    Finnish short-sea shipping specialist Containerships has started a new Black Sea Express service linking Russia with Turkey. The new service will offer a direct link between the Russian port of Azov and Turkey via ports of Istanbul (MARDAS) and Gemlik (RODAPORT), with further connections to North African countries. The service will start on August 20, and will run every […]

  • Containerships Launches New Black Sea Service

    17 July 2015
    Business & Finance

    Finnish short-sea shipping specialist Containerships has started a new Black Sea Express service linking Russia with Turkey. The new service will offer a direct link between the Russian port of Azov and Turkey via ports of Istanbul (MARDAS) and Gemlik (RODAPORT), with further connections to North African countries. The service will start on August 20, and will run every […]

  • Force Majeure Declared at Hariga and Zuetina Ports

    4 July 2018
    Business & Finance

    NOC declared force majeure on crude oil loading at Hariga and Zuetina oil terminals.

  • Italy: RINA Boosts Offshore and Port Development Services

    18 November 2011
    Business & Finance

    By taking control of the D’Appolonia Group, a global engineering consultancy, international classification society RINA has increased its group turnover by almost 50 per cent and significantly strengthened its expertise and range of services in the offshore and port development fields. Says Ugo Salerno, CEO, RINA, “By bringing the D’Appolonia Group’s 580 multidisciplinary staff and […]

  • First Subsea Supplies Riser Connectors for Gaza FSO

    9 January 2014
    Business & Finance, Equipment

    First Subsea has been awarded a contract by EMAS AMC (Singapore) to supply diverless bend stiffener connectors for risers and umbilicals connected to the turret moored, Gaza Floating Storage and Offloading (FSO) vessel, offshore Libya, in the Mediterranean. In total, four First Subsea Type 2 bend stiffener connectors (BSCs) will be used to connect three […]

  • Sonde, Viking Extend Farm-Out Deadline for Offshore Tunisia Block

    5 April 2013

    Canada’s Sonde Resources Corp., has entered into an agreement with Viking Energy North Africa Limited to extend the deadline for meeting the conditions precedent under the Farm-Out Agreement that includes obtaining the consent of Joint Oil to the transfer of a 66.67% interest in the Joint Oil Block, offshore Tunisia, pursuant to the previously announced […]

  • Alexander Maersk Berths in Sicily, Disembarks 108 Migrants

    26 June 2018
    Business & Finance

    Maersk ship, which picked up 113 migrants on Friday, has berthed at Pozzallo, disembarking distressed people.

  • Russia: Eni Announces Agreement for Entry of Wintershall and EDF in South Stream Project

    19 September 2011
    Business & Finance, Operations & Maintenance, Project & Tenders

      Alexey Miller, Gazprom Chairman, Harald Schwage, Member of the Board of Executive Directors of BASF SE, Henri Proglio, Chairman and CEO of EDF, and Eni CEO, Paolo Scaroni, signed an agreement in Sochi, in the presence of Russian Prime Minister Vladimir Putin, establishing the entry of Wintershall and EDF in the South Stream project […]