1196 results found for 'Libya'

1196 results found for 'Libya'
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  • Saipem racks up another ‘major’ subsea milestone – this time in pipeline tech

    8 August 2024
    Business & Finance, Business Developments & Projects, Innovation, Technology

    Saipem has expanded the subsea pipeline offering by revamping an existing technology, created by the U.S.-based United Pipeline Systems (UPS).

  • Dryad: Maritime Crimes Shrink across World’s Hot Spots

    14 October 2016
    Business & Finance

    The Gulf of Guinea, South East Asia and The Indian Ocean High Risk Area (HRA) have all seen a significant reduction of reported maritime crime throughout July, August and September of this year, according to data released by UK’s maritime intelligence and operations company Dryad Maritime. With the exception of the Sulu Sea, incidents of maritime […]

  • Total profit jumps on higher output

    27 October 2017
    Business & Finance

    French oil company Total boosted its adjusted net profit during the third quarter of the year by 29 percent helped by production growth, cost cuts, and higher oil and gas prices.  The oil company on Friday reported an adjusted net income of $2.67 billion for 3Q 2017, which is a 29% increase compared to a […]

  • Green light for Wintershall Dea to pass on its oil & gas and CO2 assets in Denmark to Harbor Energy 

    27 August 2024
    Business & Finance, Business Developments & Projects, Collaboration, Outlook & Strategy, Vision

    The Danish Energy Agency (DEA), responsible for tasks linked to energy production, supply, and consumption, alongside Denmark’s efforts to cut its carbon footprint, has given its blessing for four permits to change hands, leaving the portfolio of Germany’s Wintershall Dea to become part of hydrocarbon and CO2 arsenal belonging to the London-listed Harbour Energy. Harbor […]

  • Wintershall Dea’s drilling ops with Transocean rig cleared for take-off

    5 February 2024
    Authorities & Government, Business & Finance, Business Developments & Projects, Exploration & Production, Project & Tenders, Regulation & Policy

    Wintershall Dea has secured a green light for the drilling of four wells in the Norwegian Sea, using one of Transocean’s semi-submersible rigs.

  • Marathon Ramps Up Production on Deepwater Gulf of Mexico Droshky Development

    9 September 2010

    Marathon Oil Corporation  provided an updateon its Droshky development in the deepwater Gulf of Mexico, which began operations on time and under budget on July 15, 2010, and has since ramped up production to approximately 45,000 net barrels of oil equivalent per day (boepd), consisting of approximately 39,000 barrels per day of liquid hydrocarbons and […]

  • Punj Loyd Receives LOA for Subsea Pipeline Project in India

    27 June 2011
    Business & Finance, Operations & Maintenance, Project & Tenders

      Punj Lloyd Group, a diversified global engineering, procurement and construction (EPC) conglomerate, 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 […]

  • OTC 2013: Insight to MENA Welcomes Over 1000 Energy Executives

    2 May 2013
    Business & Finance

    Now in its 16th year, Insight to MENA at OTC, the welcome reception that kicks off the largest energy conference in the world, has become known as fertile ground for fostering relationships and facilitating international deals between companies across the globe. The event, scheduled for May 6th in Texas, USA, welcomes over 1000 energy executives […]

  • Repsol nets $1.7B profit

    24 July 2014
    Business & Finance, Project & Tenders

    Repsol posted net income of $1.784 billion (1.327 billion) euros in the first half of the year, an increase of 47% from the year-earlier period. This reflects a good performance of the company’s businesses as well as the success in securing a compensation agreement for the expropriation of YPF. Adjusted net income at current cost […]

  • Repsol profitable in 2016. Production rises

    23 February 2017

    Spanish oil firm Repsol has reported a full year 2016 net profit of 1.7 billion euros, up from a net loss of around 1.4 billion euros a year ago. According to Repsol, this is the company’s highest annual net income in the last four years, boosted by the company’s successful execution of its efficiency program […]

  • USA: Marathon Q3 Net Income at USD 450 Million

    6 November 2012

    Marathon Oil Corporation reported third quarter 2012 net income of $450 million, compared to net income in the second quarter of 2012 of $393 million. For the third quarter of 2012, adjusted net income was $454 million, compared to adjusted net income of $416 million for the second quarter of 2012. “Marathon Oil’s producing assets […]

  • Hess 1Q Net Income at 386 Mln

    1 May 2014

    Hess Corporation reported net income of $386 million for the quarter ended March 31, 2014. Adjusted earnings, which exclude items affecting comparability, were $446 million, compared with $669 million in the prior year quarter. The decrease in adjusted earnings was primarily due to the impact on operating earnings related to divesting E&P assets and downstream businesses. The after-tax income […]

  • MSF’s Rescue Vessel Attacked off Libyan Coast

    26 August 2016
    Business & Finance

    A group of armed men onboard an unidentified speedboat approached and attacked the rescue vessel Bourbon Argos on August 17, 2016, while it was conducting search and rescue operations, according to Médecins Sans Frontières (MSF). The attack occurred 24 nautical miles north of the Libyan coast. Armed men on board the speedboat fired shots toward the Bourbon […]

  • Eni Releases Results for Third Quarter and Nine Months 2013

    30 October 2013
    Business & Finance, Operations & Maintenance

    Eni, the international oil and gas company, announces its group results for the third quarter and nine months 2013 (unaudited). Financial highlights2 • 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 […]

  • Hess allocates 41 pct of budget to Guyana projects

    26 January 2021
    Business & Finance, Business Developments & Projects, Exploration & Production

    Hess Corporation has allocated the majority of its E&P budget for 2021 to Guyana developments and the Bakken with Guyana getting 41 per cent.

  • New COO elected at Wintershall Dea

    10 March 2020
    Business & Finance

    Oil and gas company Wintershall Dea has appointed a new chief operating officer (COO) of the company.

  • VIDEO: MOAS Saves 331 in Year’s Last Mission

    31 October 2014

    Malta-based Migrant Offshore Aid Station (MOAS) has helped save almost 3,000 lives in the Mediterranean Sea during its 60-day mission which comes to an end today, October 31. Just this week, under the direction of Italy’s Rescue Coordination Centre, the MOAS crew rescued 331 people from two boats in distress. The first was a wooden […]

  • Egypt: RWE Dea Discovers Gas in North El Amriya Concession

    26 January 2011
    Business & Finance

    RWE Dea Egypt announced today that it made a gas discovery in its own operated North El Amriya concession. The successful testing of the reservoir opens chances of further future discoveries in the licence. The NEA 3x discovery is located in the offshore North El Amriya concession, some 40 kilometers North of Alexandria. The well […]

  • ConocoPhillips 1Q Earnings at USD 2.1 Bln

    2 May 2014

    ConocoPhillips reported first-quarter 2014 earnings of $2.1 billion, compared with first-quarter 2013 earnings of $2.1 billion. Excluding special items, first-quarter 2014 adjusted earnings were $2.3 billion, or $1.81 per share, compared with first-quarter 2013 adjusted earnings of $1.8 billion, or $1.42 per share. Special items for the current quarter primarily related to unfavorable impacts from […]

  • OPEC and Non-OPEC oil production cuts break another record

    20 April 2018

    Another record-breaking month of conformity levels with production adjustments during March 2018…

  • IMB: 121 Piracy Incidents Reported So Far in 2017

    17 October 2017

    A total of 121 incidents of piracy and armed robbery against ships were reported in the first nine months of 2017, according to the International Chamber of Commerce’s (ICC) International Maritime Bureau’s (IMB) latest quarterly report on maritime piracy. In total, 92 vessels were boarded, 13 were fired upon, there were 11 attempted attacks and […]

  • Paris MoU Issues 2013 Port State Control Report

    8 July 2014

    The “White, Grey and Black (WGB) List” presents the full spectrum, from quality flags to flags with a poor performance that are considered high or very high risk. It is based on the total number of inspections and detentions over a 3-year rolling period for flags with at least 30 inspections in the period.   This year Kazakhstan, Saudi Arabia and Switzerland moved […]

  • Italy: Eni Profit Dives

    1 August 2013

    Eni, the international oil and gas company, announced its group results for the second quarter and the first half of 2013. Financial Highlights1 Adjusted operating profit: €1.95 billion for the quarter, down 51%2; €5.66 billion for the first half, down 43%2 including Saipem losses which have been recognized in the second quarter; Adjusted net profit: […]

  • Repsol swings to loss as asset impairments bite

    23 July 2020
    Business & Finance, Business Developments & Projects, Exploration & Production, Outlook & Strategy

    Repsol booked a loss in the second quarter of the year after being forced to re-evaluate its upstream assets due to the effects of the coronavirus pandemic and the low oil price environment.

  • ConocoPhillips earnings jump on higher prices and sales volumes

    25 October 2018
    Business & Finance

    U.S. oil major ConocoPhillips has boosted its third quarter earnings on higher oil and gas prices and higher sales volumes.