1196 results found for 'Libya'

1196 results found for 'Libya'
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  • GNMTC Warns of Attempts to Sell MT Badr

    27 December 2018
    Business & Finance

    GNMTC issued a warning over the attempted sale of the company’s seized vessel.

  • Higher oil prices boost ConocoPhillips profit

    3 August 2021
    Business & Finance, Business Developments & Projects, Exploration & Production

    ConocoPhillips saw an increase in its earnings for the second quarter of 2021 compared to the same period in 2020 driven by higher oil and gas prices.

  • Italy: Acquisition Strongly Boosts RINA Development Services

    21 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 […]

  • Hess sinks deeper in the red

    26 July 2017
    Business & Finance

    Independent energy company Hess Corporation recorded a bigger loss for this year’s second quarter compared to the one in the prior-year quarter.  Hess on Wednesday reported a net loss of $449 million for the second quarter of 2017 compared with a net loss of $392 million in the second quarter of 2016, reflecting a lower effective tax rate […]

  • Gunmen abduct brother of OPEC president

    20 March 2015

    Gunmen have kidnapped a younger brother of Nigeria’s oil minister and OPEC chief Diezani Alison-Madueke. According to AFP, Joseph Agama was taken hostage Thursday in southern Bayelsa state in Nigeria. The news agency says that the investigation has been launched. No group has come forward yet to claim responsibility for the abduction. This is not the first time the oil […]

  • USA: Marathon Oil Q1 Net Income Down

    2 May 2012

    Marathon Oil Corporation today reported first quarter 2012 net income of $417 million, compared to net income in the fourth quarter of 2011 of $549 million. For the first quarter of 2012, adjusted net income was $478 million, compared to adjusted net income of $552 million, for the fourth quarter of 2011. “Marathon Oil had […]

  • EU Ministers Agree on 10-Point Action Plan on Migration

    21 April 2015

    The European Union’s foreign and interior ministers approved a 10-point plan of the immediate actions to be taken in response to the crisis situation in the Mediterranean, following an unprecedented disaster in which close to 700 migrants died after their boat capsized in Libyan waters on April 18. EU will reinforce the joint naval operations in the Mediterranean, namely Triton […]

  • ConocoPhillips profit slips on lower oil prices

    29 October 2019
    Business & Finance

    U.S. oil major ConocoPhillips recorded a smaller quarterly profit in 3Q 2019 due to lower realized oil prices and higher exploration expenses.  ConocoPhillips on Tuesday reported third-quarter 2019 earnings of $3.1 billion, compared with third-quarter 2018 earnings of $1.9 billion. Excluding special items, third-quarter 2019 adjusted earnings were $0.9 billion, compared with third-quarter 2018 adjusted […]

  • ConocoPhillips returns to profit

    26 July 2018
    Business & Finance

    U.S. oil major ConocoPhillips has returned to black in the second quarter of 2018 amid stronger market prices.

  • Eni reports 46 pct drop in adjusted net profit

    29 April 2015

    Italian oil company Eni reported its adjusted net profit for the first quarter of 2015 was €0.65 billion, down 46% from the first quarter 2014, due to lower operating profit. The company’s adjusted operating profit was €1.57 billion which down by 55% from the first quarter of 2014, driven by sharply lower oil prices, only partly offset […]

  • Repsol books highest income in six years

    28 February 2018
    Business & Finance

    Spanish oil company Repsol in 2017 recorded the highest profit in six years boosted by higher production and increase in oil price. 

  • Hess Income, Production on the Rise (USA)

    2 November 2012

    Hess Corporation, an oil company based in New York, has reported its net income was $557 million, compared with $298 million in the third quarter of 2011. The company’s oil and gas production was also on the rise. The output increased to 402,000 barrels of oil equivalent per day, up from 344,000 in the third […]

  • GECF Meeting Held in Teheran (Iran)

    4 November 2013

    The 15th Ministerial Meeting of the Gas Exporting Countries Forum (GECF) was convened in Tehran, the Islamic Republic of Iran, under the chairmanship of the Minister of Petroleum, Bijan Namdar Zanganeh, President of the Ministerial Meeting, and Mohammed Bin Saleh Al-Sada, Minister of Energy and Industry of Qatar, as Alternate President. The Meeting was attended […]

  • Medco Energi Plans to Drill 28 Exploration Wells, Indonesia

    23 September 2013

    PT Medco Energi Internasional announced its exploration activity for 2013 and 2014 program. MedcoEnergi plans to drill 28 exploration wells in 2013 and 2014. The program consists of 11 wells in Indonesia and 17 wells in international operations, namely Area 47 in Libya, Block 82, 83 and Block 9 Malik in Yemen. Up to September 2013, […]

  • ConocoPhillips profit flat

    31 July 2014

    ConocoPhillips reported second-quarter 2014 earnings of $2.1 billion, compared with second-quarter 2013 earnings of $2.1 billion. Excluding special items, second-quarter 2014 adjusted earnings were $2.0 billion, compared with second-quarter 2013 adjusted earnings of $1.8 billion. Highlights Strong second-quarter production of 1,556 MBOED from continuing operations, excluding Libya; total production of 1,594 MBOED; 6.5 percent production […]

  • Mauritania move by RWE

    20 June 2008

    Friday, June 20, 2008 Hamburg-based RWE-Dea has taken a licence stake in Mauritania after signing over two onshore blocks originally held by Repsol YPF. Germany’s RWE has taken over block TA09 and ta010 in the Taoudini Basin area 800 km (500 miles) from the Atlantic coast and 200 km (125 miles) from the border with […]

  • Oil rises on Libyan supply disruptions, likely OPEC output cut extension

    29 March 2017

    By Henning Gloystein SINGAPORE (Reuters) – Oil prices on Wednesday extended gains from the previous session, lifted by supply disruptions in Libya and expectations that an OPEC-led output reduction will be extended into the second half of the year. Front-month Brent crude futures <LCOc1>, the international benchmark for oil, rose 29 cents, or 0.6 percent, […]

  • USA: Halliburton Reports Second Quarter Results

    18 July 2011

    Halliburton announced today that net income for the second quarter of 2011 was $747 million, or $0.81 per diluted share, excluding employee separation costs of $8 million, after-tax, or $0.01 per diluted share. Reported net income for the second quarter of 2011 was $739 million, or $0.80 per diluted share. This compares to net income […]

  • ConocoPhillips posts smaller quarterly loss

    2 February 2017
    Business & Finance

    U.S. energy company ConocoPhillips narrowed its loss for the fourth quarter 2016 when compared to the same period in 2015.  The company on Thursday reported a fourth quarter 2016 net loss of $35 million, compared with a fourth quarter 2015 net loss of $3.5 billion. Excluding special items, fourth-quarter 2016 adjusted earnings were a net loss […]

  • MAST: Security Situation in the Mediterranean Could Get Out of Hand

    7 May 2015
    Business & Finance

    Incidents of criminality and piracy on the high seas and in coastal areas of the Mediterranean could become more prevalent as the human trafficking organisations become more established, says Phil Cable, CEO of security firm MAST. The rapid increase in human trafficking out of Libya and other North African countries has raised concerns as it could […]

  • Russia: Gazprom, Eni Discuss Joint Projects

    21 April 2011

      The Gazprom headquarters hosted Wednesday a working meeting between Alexey Miller, Chairman of the Company’s Management Committee and Paolo Scaroni, Chief Executive Officer of Eni. The parties discussed the issues of bilateral cooperation in the energy sector within the Strategic Partnership Agreement. The meeting addressed the preparation of a gas purchase contract between Gazprom […]

  • Highlights of the Week

    25 June 2017
    Business & Finance

    Subsea World News has put together a recap of the most interesting articles from the previous week (June 19 – June 25). Aquaterra Energy has won a contract to supply subsea high pressure riser (HPR) equipment and services for a subsea abandonment project in the central North Sea. The multi-million pound deal will see Aquaterra facilitate […]

  • ConocoPhillips’ 4Q Production Hit by Weather-Related Downtime

    8 January 2014

    ConocoPhillips has provided an update on fourth-quarter production guidance. The recent quarter’s average production was negatively impacted by significant weather-related downtime in several operational areas, notably in the Lower 48 and the North Sea. As a result, fourth-quarter production for continuing operations is expected to be approximately 1,475 thousand barrels of oil equivalent per day […]

  • Sonde expects to drill Fisal-1 well in Q4

    23 June 2014
    Business & Finance, Project & Tenders

    Sonde Resources has provided an update regarding the company’s operations in the Joint Oil Block. The Joint Oil Block is a 768,000 acre license, equally contributed by Tunisia and Libya, straddling the maritime boundary in the central Gulf of Gabes, about 100 km (62 mi) offshore in water depths averaging 95 m (312 ft). “The […]

  • IEA: Oil demand and supply close to new peaks

    15 October 2018

    Both global oil demand and supply are now close to new, historically significant peaks at 100 mb/d, and neither show signs of ceasing to grow any time soon, IEA has said.