1196 results found for 'Libya'

1196 results found for 'Libya'
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  • Eni Q1 Profit Rises (Italy)

    27 April 2012

    Eni of Italy said its net profit rose 42% to €3.62 billion in the first quarter of 2012. Financial Highlights – Adjusted operating profit: up 27% to €6.45 billion – Adjusted net profit: up 13% to €2.48 billion – Net profit: up 42% to €3.62 billion – Cash flow: €4.19 billion Operational Highlights – Oil […]

  • BP reports worst annual loss in at least 20 years, cuts more jobs

    2 February 2016

    BP on Tuesday reported its worst annual loss in at least 20 years and thousands more job cuts as the British oil and gas company grappled with a collapse in oil prices.

  • Marathon Announces Bravo-1 Exploration Well Results in Deepwater Indonesia

    13 December 2010
    Business & Finance

    Marathon Oil Corporation (NYSE: MRO) announced today the results of the deepwater Bravo-1 well drilled in the northeastern portion of the Pasangkayu production sharing contract (PSC) area offshore the island of Sulawesi in the Makassar Strait, Indonesia. Marathon, through its wholly owned subsidiary Marathon International Petroleum Indonesia, is operator and holds a 70 percent working […]

  • Repsol 2013 Net Income Down

    26 February 2014

    Repsol posted a recurring net income of 1.823 billion euros for 2013, calculated at current cost of supply (CCS), 6.7% lower than the previous year. These earnings – that exclude atypical results and take into account replacement costs of raw materials and products – reflect Repsol’s ongoing business performance during a period marked by a […]

  • USA: Halliburton CEO Pleased with Q3 Results

    17 October 2011

    Halliburton announced today that income from continuing operations for the third quarter of 2011 was $867 million, or $0.94 per diluted share, excluding a $19 million, after-tax, or $0.02 per diluted share, impairment charge on an asset held for sale in the Europe/Africa/CIS region. This compares to income from continuing operations for the second quarter […]

  • Libyan War Planes Sink Ship

    20 July 2015

    A ship was bombed and sunk on Sunday in an air strike conducted by Libyan war planes in the vicinity of town of Mareesa, Reuters reports citing a spokesman of the air force allied to the country’s internationally recognized government, Nasser al-Hassi. According to al-Hassi, “the vessel was sunk because it had loaded fighters, weapons and […]

  • Woodmac: Medco-Ophir merger to create SE Asia upstream powerhouse

    3 January 2019
    Business & Finance

    Following this week’s announcement by Ophir Energy that the company is in talks with Medco Energi over a potential sale to the Indonesian firm, energy intelligence group Wood Mackenzie has described Medco’s swoop for Ophir as a bold one.

  • Repsol boosts production, adjusted net income in 1Q

    4 May 2018
    Business & Finance

    Spanish oil company Repsol reported a net income of 610 million euros in the first quarter of 2018

  • Tullow Oil picks ex-Anadarko man for director role

    9 September 2020
    Business & Finance, Business Developments & Projects

    Oil and gas exploration company Tullow Oil has appointed a new independent non-executive director on the company’s board of directors.

  • OPEC postpones Diamond Anniversary in Baghdad

    4 September 2020
    Business & Finance, Business Developments & Projects

    The festivities scheduled for OPEC’s 60th Anniversary, originally scheduled for later this month in Baghdad where the organization was founded, have been postponed.

  • Eni names Claudio Descalzi new CEO

    12 May 2014

    Eni’s Board of Directors on Friday appointed Claudio Descalzi as Chief Executive Officer and General Manager. In this role he will be responsible for the management of the company, with the exception of specific responsibilities that are reserved for the Board of Directors and those that are not to be delegated according to the current legislation. […]

  • Marathon Oil curtails quarterly loss

    4 August 2016
    Business & Finance

    Oil and natural gas exploration and production company, Marathon Oil, narrowed its 2Q 2016 loss compared to the one reported in the same period last year.  Marathon on Wednesday reported a second quarter 2016 net loss of $170 million, compared to a net loss of $386 million in the corresponding period last year. The company’s […]

  • Aubin Expands its Services in U.A.E. and Oman

    8 November 2011
    Business & Finance, Research & Development

    Aubin, a leading independent supplier of specialist chemicals to the energy industry, has announced a strategic partnership with an agent in the Middle East who will promote the company’s full range of specialist chemicals and services in the UAE and Oman. The partnership agreement with Leaders Oilfield Equipment LLC, which covers the provision of cement […]

  • Global Oil Demand Growth Slumping

    12 September 2014

    The IEA Oil Market Report (OMR) for September trimmed global oil demand growth for 2014 and 2015 to 0.9 million barrels per day (mb/d) and 1.2 mb/d, respectively, because of a pronounced slowdown in demand growth in the second quarter of this year, and a weaker outlook for Europe and China. Demand in 2015 is […]

  • USA: Worldwide Rig Count for August Up, Baker Hughes Says

    9 September 2011
    Business & Finance

    Baker Hughes Incorporated​ announced today that the international rig count for August 2011 was 1,183, up 33 from the 1,150 counted in July 2011, and up 81 from the 1,102 counted in August 2010. The international offshore rig count for August 2011 was 318, up 11 from the 307 counted in July 2011 and up […]

  • Wintershall Norge names new managing director

    27 September 2017
    Business & Finance

    German oil company Wintershall has announced Hugo Dijkgraaf as the new managing director of its Norwegian subsidiary, Wintershall Norge. Wintershall Norge, which in October last year celebrated ten years of operations in Norway, said on Wednesday that Dijkgraaf would take on the position in November this year, pending the appointment by the Wintershall Norge supervisory […]

  • Eni Profit Down (Italy)

    25 April 2013

    Eni, the international oil and gas company, today announced its group results for the first quarter of 2013. Financial Highlights 2 Adjusted operating profit: €3.79 billion, down 36% excluding Snam contribution to the first quarter of  20123; Adjusted net profit: €1.43 billion, down 39% excluding Snam contribution to the first quarter of 20123; Cash flow: […]

  • Oil prices dip on ongoing oversupply, economic headwinds

    25 July 2016

    By Henning Gloystein and Osamu Tsukimori SINGAPORE/TOKYO (Reuters) – Oil prices held near two-month lows on Monday amid worries that a global crude and refined product glut would weigh on markets for some time to come. International Brent crude oil futures <LCOc1> were trading at $45.51 per barrel at 0623 GMT, down 18 cents from […]

  • Oil prices rise to two-week high on dip in U.S. output

    29 June 2017

    By Karolin Schaps LONDON (Reuters) – Oil prices rose to a two-week high on Thursday, extending a rally into a sixth straight session after a decline in weekly U.S. production eased concerns about deepening oversupply. Crude prices slipped to the lowest in 10 months last week but have since rebounded more than 7 percent, stretching […]

  • China: COSL Well Services Division Hit by Penglai Incident. Seismic Segment Grows

    28 October 2011
    Business & Finance

    China Oilfield Services Limited today announced its unaudited results for the nine months ended 30 September 2011（“the period”）. During the period, the Group boosted its operation capacity in large-scale equipments with four 200-ft jack-up rigs, one semi-submersible rig and one 12-streamer seismic vessel commencing operation. Yet competition was still intense in the oilfield services segment […]

  • Libyan War Planes Sink Ship

    20 July 2015

    A ship was bombed and sunk on Sunday in an air strike conducted by Libyan war planes in the vicinity of town of Mareesa, Reuters reports citing a spokesman of the air force allied to the country’s internationally recognized government, Nasser al-Hassi. According to al-Hassi, “the vessel was sunk because it had loaded fighters, weapons and […]

  • China: COSL Releases 2011 Third Quarter Unaudited Results

    28 October 2011
    Business & Finance, Operations & Maintenance

    China Oilfield Services Limited announced its unaudited results for the nine months ended 30 September 2011. During the period, the Group boosted its operation capacity in large-scale equipments with four 200-ft jack-up rigs, one semi-submersible rig and one 12-streamer seismic vessel commencing operation. Yet competition was still intense in the oilfield services segment amid the […]

  • ConocoPhillips profit nosedives

    30 April 2015

    ConocoPhillips, a large U.S. independent oil company, today reported first-quarter 2015 earnings of $272 million, compared with first-quarter 2014 earnings of $2.1 billion. Production from continuing operations, excluding Libya, for the first quarter of 2015 was 1,610 MBOED, an increase of 80 MBOED compared with the same period a year ago. The net increase reflects […]

  • Aubin Promotes its Services in UAE and Oman

    8 November 2011
    Business & Finance

    Aubin, a leading independent supplier of specialist chemicals to the energy industry, has announced a strategic partnership with an agent in the Middle East who will promote the company’s full range of specialist chemicals and services in the UAE and Oman. The partnership agreement with Leaders Oilfield Equipment LLC, which covers the provision of cement […]

  • Eni Releases New World Oil and Gas Review, Italy

    4 October 2012

    Eni presents the eleventh edition of the World Oil and Gas Review, a worldwide statistical review on oil and natural gas reserves, production, consumption, exports and imports. In 2011, oil reserves grew by 3.6% due to successful exploration in new reservoirs and the better knowledge of producing fields. Since 1995, the proven reserves have increased […]