1196 results found for 'Libya'

1196 results found for 'Libya'
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  • Wintershall names new Middle East division head following Ghasha entry

    31 January 2019
    Business & Finance

    German oil company Wintershall has appointed a new general manager of its Middle East division in Abu Dhabi.

  • Shell names new exploration head

    23 January 2017
    Business & Finance

    Global oil major Shell will after seven years have a new executive vice president of exploration, effective February 13, 2017. Shell told Offshore Energy Today that the current executive vice president of exploration, Ceri Powell will be replaced by Marc Gerrits. Gerrits holds a Bachelor of Science from the University of Queensland, Australia. He began his career […]

  • Hess cuts losses helped by higher oil prices

    26 April 2017
    Business & Finance

    Independent oil and gas company Hess Corporation narrowed its loss and increased revenues during the first quarter of 2017 helped by higher oil prices.  The oil company on Wednesday reported a net loss of $324 million in the first quarter of 2017 compared with a net loss of $509 million in the first quarter of […]

  • Marathon Oil sinks deeper into red

    5 May 2016

    Marathon Oil Corporation, an oil and gas exploration and production company, saw its loss deepen and revenues drop during the first quarter of 2016.  Marathon Oil reported a net loss of $407 million, compared to a loss of $276 million in the same period last year. The company also reported a first quarter 2016 adjusted net loss […]

  • Italy Arrests Two Shipwreck Survivors for Trafficking

    22 April 2015

    Sicilian police arrested two suspected people traffickers who were among 28 survivors of what may be the worst tragedy in living memory involving migrants crossing the Mediterranean from North Africa, the Times of Malta reports. The survivors arrived in Catania just before midnight April 20. The migrants had been traveling on a wooden fishing boat carrying up […]

  • MOG Needs Partner for Maltese Offshore Well

    13 August 2012
    Business & Finance

     Mediterranean Oil & Gas Plc has announced that the Maltese Minister for Resources and Rural Affairs has approved the transfer of the 10% interest Leni Gas and Oil Investments Limited (“LGOI”) held in the Malta Offshore Area 4 PSC to Phoenicia Energy Company Limited (“PECL”), a 100% owned subsidiary of Mediterranean Oil & Gas Plc. […]

  • Spain: Repsol Records Good Results in Upstream Sector

    28 July 2011
    Business & Finance

    Repsol posted net income of 1.344 billion euros in the first half of 2011, slightly higher than the 1.338 billion euros of the year-earlier period. The group’s operating income totalled 2.722 billion euros compared with 3.004 billion euros in the same period of the previous year.  The company’s performance in the first half of the […]

  • UK: HMS Iron Duke, HMS Richmond Return to Portsmouth

    29 July 2011

    Sister ships HMS Iron Duke and HMS Richmond returned home to Portsmouth yesterday, where they were met by cheering crowds of families and friends, having spent more than six months at sea. HMS Iron Duke has spent almost seven months east of the Suez Canal, and finished her deployment supporting operations in Libya, where she […]

  • Aker BP’s SVP of exploration jumps ship to join Neptune

    30 August 2018
    Business & Finance

    Neptune Energy has appointed a new vice president and group head of exploration as well as a group human resources director.

  • MDL delivers 8-month North Sea campaign

    11 January 2021
    Business Developments & Projects, Equipment, Infrastructure

    Back-deck equipment specialist Maritime Developments MDL has completed a multi-project campaign in the Norwegian and UK Continental Shelves with an international contractor. The campaign commenced in May and covered installation of umbilicals and flexible jumpers in 3 different fields on both sides of the North Sea. It saw 12 reels of product installed. The project […]

  • Tanker Market Could See More Upside Potential in 2H

    8 August 2016
    Business & Finance

    Due to rather severe summer doldrums, earnings across all tanker sectors dropped to levels not seen since September 2014. Tanker rates typically stage a recovery going into the northern hemisphere winter months, however, according to Poten & Partners, there are concerns that this might not happen to the same extent this year. In its latest tanker opinion, Poten […]

  • GECF Meeting to Be Held in Moscow

    26 June 2013

    The executive board meeting of the Gas Exporting Countries Forum (GECF) held in Doha discussed final arrangements for the 2nd Gas Summit to be held in Moscow on July 1. They also discussed preparations for the extraordinary ministerial meeting to be held in the Russian capital on June 29. The meetings in Doha were hosted […]

  • Tanker Fired Upon by Libyan Coast Guard Reaches Malta

    16 October 2017

    The Comoros-flagged oil products tanker Goeast, which had been fired upon by the Libyan Coast Guard and had been reportedly sunk, has re-appeared on the radar. Namely, the damaged tanker managed to reach Maltese anchorage, according to its latest AIS data on Marine Traffic. The ship’s status shows that the vessel’s maneuverability is restricted. To remind, on […]

  • Two new contracts bring €850 million to Saipem

    8 September 2023
    Business & Finance, Business Developments & Projects, Project & Tenders

    Italian oilfield services provider Saipem has secured two new contracts for offshore activities in Côte d’Ivoire and Italy for an overall amount of €850 million. Saipem won a contract with Eni Côte d’Ivoire and its partner Petroci to deliver subsea umbilicals, risers, and flowlines (SURF) for the development of the Baleine Phase 2 project located offshore Côte d’Ivoire […]

  • Italy: Judge Orders Release of Captain that Docked Migrant-Rescue Ship

    4 July 2019
    Business & Finance

    Captain Carola Rackete was taken into custody after taking rescued migrants into the Italian Port of Lampedusa.

  • Higher oil prices and production growth lift Eni’s profit

    16 February 2018
    Business & Finance

    Italian oil company Eni recorded a significant increase in its quarterly profit owing to higher oil prices and record production levels. 

  • ConocoPhillips tightens belt further. Reports 3Q loss

    29 October 2015

    U.S. oil company ConocoPhillips saw its 3Q profit swing to a $1.1 billion net loss, versus a gain of $2.7 billion a year ago. The company on Wednesday said it would reduce its capital investments further. The company’s result was affected by the termination of a rig contract for a Gulf of Mexico deepwater drillship, […]

  • Eni swings to loss despite ‘record production’

    28 February 2020
    Business & Finance

    Italian oil and gas company Eni booked a loss in the fourth quarter of 2019 compared to a profit in the same period of 2018 despite record production driven by project ramp-ups and start-ups. According to its quarterly report on Friday, Eni’s adjusted operating profit was €1.8 billion in the fourth quarter, down by 40% […]

  • Drewry: Tightness in Oil Supply to Hurt Tanker Demand

    16 July 2019

    The negative impact on tanker demand, especially VLCCs, would go some way to negate the normal seasonal upturn.

  • Large Crude Tankers Hit the Hardest by Perfect Storm

    30 May 2018

    Large crude carriers have been hit the hardest by the perfect storm in the tanker shipping sector.

  • Repsol 3Q profit falls. Oil production rises

    31 October 2019
    Business & Finance

    Spanish oil company Repsol reported a drop in 3Q 2019 profit. Net profit for the quarter was 333 million euros, a 46,7% drop from 625 million euros in 3Q 2018. Adjusted net income in the third quarter was €522 million, 11% lower year-on-year.

  • Paris MoU announced new targeting lists

    3 June 2009

    At its 42nd meeting last month, the Paris MoU Committee approved the 2008 inspection results and adopted new performance lists for flag States and Recognized Organizations. These lists will take effect from 1 July 2009. The “Black List” for 2009 contains 21 flags States, two more than last year. The 2008 “White List” includes 41 […]

  • Marathon Announces First Oil From Deepwater Gulf of Mexico Droshky Development

    19 July 2010

    Marathon Oil Corporation announced that its Droshky development in the deepwater Gulf of Mexico has begun production on time and under budget. Marathon owns a 100 percent working interest in Droshky, which is expected to produce approximately 50,000 net barrels of oil equivalent per day at its peak, consisting of approximately 45,000 barrels per day […]

  • Punj Lloyd Receives LOA for Subsea Pipeline Project in India

    27 June 2011
    Business & Finance

    Punj Lloyd Group, a diversified global engineering, procurement and construction (EPC) conglomerate, today announced receiving a letter of award (LOA) from Gujarat State Petroleum Corporation, one of the fastest‐growing state‐owned companies, for a submarine pipeline project in an exploration block on the east coast of India. The contract, worth Rs 826 crore, is scheduled to […]

  • MOAS Rescues 473 People in Three Days

    6 May 2015

    In three days of its newly launched rescue mission,  search and rescue charity Migrant Offshore Aid Station (MOAS) saved 473 men, women and children. The summer mission was launched on Saturday, May 2nd when the 20-strong crew aboard the Phoenix, including camcopter operators, search and rescue professionals and medics, left the Maltese harbour. MOAS said that it engaged […]