1196 results found for 'Libya'

1196 results found for 'Libya'
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  • DW: Recovery in oil prices is coming

    25 April 2016

    Scanning the newspapers, social media and analyst coverage this year, there is consensus that a recovery in oil prices is coming, as a function of a reduction in over-supply, and that upward movement in prices should be expected later this year, Douglas-Westwood has said in its DW Monday report.  The extent to which this view […]

  • 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 […]

  • Spain: Repsol Profit Up on LNG

    10 November 2011

    Repsol posted net income of 1.901 billion euros in the first nine months of 2011, 6.4% higher than the 1.786 billion euros reported in the year-earlier period. The group’s operating income totalled 4.102 billion euros, 1% higher than that recorded in September 2010. The company’s encouraging results are partly due to the improvement of crude […]

  • Maghreb, Mediterranean, MidEast Upstream Conference to Be Held in Paris, France

    28 January 2013

    With oil prices and production still going up, North Africa and the Greater Middle East remain the key anchor area in the world’s oil and energy markets and will continue to shape the dynamics of the global upstream industry. Which new discoveries and production developments, gas – LNG finds, state oil/gas policies and investment and […]

  • Seized MT Badr Sets Sail from Burgas, Re-Flagged and Renamed

    21 January 2019
    Business & Finance

    MT Badr, which was seized by Bulgarian authorities in 2017, has been renamed and taken over by Bulgargeomin.

  • Marathon Oil slips on impairments

    5 November 2015

    Marathon Oil, a U.S.-based oil and gas exploration and production company, has posted a loss in the 3Q 2015 due to low oil price and changes in company’s exploration strategy.  The Houston-headquartered company on Wednesday reported a third quarter 2015 net loss of $749 million, compared to a net profit of $431 million in the […]

  • IEA: OPEC oil supply at all-time high. Growth in demand drops to four-year low

    11 October 2016

    International Energy Agency (IEA) has informed that OPEC oil supply was at an all-time high during September while growth in oil demand dropped to a four-year low in the third quarter of 2016.  According to IEA’s newly released Oil Market Report for October, global oil supply rose by 0.6 million barrels per day (mb/d) in September. […]

  • DEA names Egypt branch general manager

    10 July 2018
    Business & Finance

    German oil and gas company DEA Deutsche Erdoel AG has named a new general manager of DEA Egypt.

  • ConocoPhillips swings to $1.7 billion loss

    30 April 2020
    Business & Finance, Business Developments & Projects, Exploration & Production

    ConocoPhillips went from a profit in the first quarter last year to a loss in the same period of 2020 after being hit by impairment charges and lower oil and gas prices.

  • OPEC and gas counterpart GECF ink MoU to strengthen cooperation

    7 October 2019

    The Organization of the Petroleum Exporting Countries (OPEC) and the Gas Exporting Countries Forum (GECF) have signed a memorandum of understanding to strengthen cooperation in research and the sharing of best practices.

  • UNHCR: Boat Capsizes off Greece Coast

    22 January 2014
    Business & Finance

    A boat capsized off the coast of Greece in the early hours of yesterday morning, killing a woman and a child, according to UNHCR. Ten other people have been reported missing, among them infants and children. According to accounts from some of the 16 survivors and Greek Coast Guard, the vessel was carrying 26 Afghans and […]

  • PetroNor names interim replacement after authorities detain CEO on suspicion of criminal offence

    16 December 2021
    Authorities & Government, Business & Finance, Business Developments & Projects, Human Capital

    PetroNor has appointed an interim CEO, after Økokrim detained its CEO, Knut Søvold, on suspicion of a criminal offence.

  • CROSCO Zagreb 1 Rig Undergoing Maintenance in Trogir, Croatia

    11 July 2011
    Business & Finance

    CROSCO Integrated Drilling & Well Services Co., Ltd. announced that CROSCO semisubmersible Zagreb 1 is undergoing a comprehensive maintenance and service program as well as a five-year survey at the BrodoTrogir d.d. Shipyard in Trogir, Croatia. Maintenance and service work is being done by CROSCO’s Maintenance and Engineering Division. The five-year survey is being conducted […]

  • Oil prices resume slide as supply glut prevails

    9 June 2017

    By Christopher Johnson LONDON (Reuters) – Oil prices resumed a downtrend on Friday following steep falls earlier in the week, pressured by widespread evidence of a fuel glut despite efforts led by OPEC to tighten the market. Brent crude oil was down 20 cents at $47.66 a barrel by 0820 GMT, around 12 percent below […]

  • Gardline Completes Deep Water Environmental Survey for BP

    17 April 2014
    Equipment, Operations & Maintenance, Research & Development

    Gardline Environmental Limited, part of the marine specialists Gardline Marine Sciences Limited, through WAW International, were awarded, at the end of 2013, a contract to undertake Environmental and MetOcean surveys in South Eastern Mediterranean by BP. Gardline’s survey vessel, the M/V Ocean Observer, mobilised in Malta just before Christmas in order to complete a 25 day […]

  • Hess cuts losses in fourth quarter 2018

    30 January 2019
    Business & Finance

    U.S. oil company Hess reduced its net loss for the fourth quarter 2018 compared to the prior-year period on the back of exploration and production business and higher crude oil and gas prices.  Hess on Wednesday reported a net loss of $4 million in the fourth quarter of 2018, compared to a net loss of […]

  • Oil markets rise as Asian stocks soar

    9 September 2015

    Crude oil prices stabilized on Wednesday as Asian stock markets caught a tailwind from a strong performance in the United States and Europe, although fuel markets remained generally dogged by oversupply.

  • PA Resources: First oil from Zarat in 2020

    3 August 2015
    Project & Tenders

    Swedish PA Resources has submitted an updated Zarat Field Plan of Development to the Tunisian authorities. The development plans has been developed by an integrated team comprising of staff from both PA Resources and the state oil company, ETAP (L’Entreprise Tunisienne d’Activités Pétrolières). The Zarat Field is a large, shallow-water, gas-condensate and oil field containing estimated […]

  • Oil hits 18-month highs as markets eye output cuts

    3 January 2017

    Oil prices hit 18-month highs on Tuesday, the first trading day of 2017, buoyed by hopes that a deal between OPEC and other big oil exporters to cut production, which kicked in on Sunday, will drain a global supply glut.

  • Expro Reports Successful Year in the Middle East

    15 January 2013
    Business & Finance

    International oilfield services company Expro has announced a highly successful year for activity in the Middle East and anticipates further strong growth in 2013. The company saw significant demand for a range of its services in the region, particularly its Drill Stem Testing (DST) and Meters offerings, and has a healthy order book for next […]

  • Oil eases off four-month high as speculators doubt deal to cut output

    10 October 2016

    By Karolin Schaps LONDON (Reuters) – Oil eased off four-month highs on Monday as doubts that oil producers can reach a meaningful output cut deal prompted some speculators to unwind bullish bets. Global benchmark Brent crude futures <LCOc1> were down 9 cents at $51.84 a barrel at 1029 GMT, around 2 percent lower than the […]

  • UK Halts Support to Mediterranean Migrant Rescues

    29 October 2014

    The U.K. Government has decided to end British support for search-and-rescue operations for migrants in danger of drowning in the Mediterranean, in what The Guardian described as a ”quiet announcement”. Mare Nostrum, the Italian-funded search and rescue operation focused on helping people whose boats get into difficulty in the Mediterranean is due to come to an […]

  • MAST: Growing Complacency Plaguing Maritime Security

    30 April 2015

    The trend in maritime security is one of growing complacency, the Chief Operating Officer of UK maritime security firm MAST Gerry Northwood warned speaking at the Global Shipping Trends and Trade Patterns conference in London on April 29th.  “The problem is that incidents of piracy are not infrequent, and I often see the under reporting […]

  • Italy Rescued Over 150,000 Migrants at Sea in 2014

    12 December 2014

    Through November 30, 2014, a total of 163,368 migrants have been rescued at sea this year, data released by Italy’s Ministry of the Interior show. That is an increase of 9,923 during the most recent month, which is only about a third of September’s 26,107 arrivals. “There were many days of bad weather,” explained International Organization for […]

  • OPEC sees much higher oil supply from rivals in 2017

    11 May 2017

    By Alex Lawler LONDON (Reuters) – OPEC on Thursday sharply raised its forecast for oil supply from non-member countries in 2017 as higher prices encourage U.S. shale drillers to pump more, hampering OPEC efforts to clear a glut and support prices by cutting its output. In a monthly report, the Organization of the Petroleum Exporting […]