1196 results found for 'Libya'

1196 results found for 'Libya'
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  • Schlumberger in quarterly profit surge

    20 April 2018
    Business & Finance

    Oilfield services provider Schlumberger recorded an increase in its profit and revenues for the first quarter 2018 when compared to the same period last year.  

  • Report: EUKOR Car Carrier Stopped by Libyan Forces

    20 February 2017
    Business & Finance

    The 2013-built car carrier Morning Compass has been seized by Libyan militants and escorted to the country’s Ras Al Hilal port, according to local media. The vessel, working under a charter deal with Korean shipping firm EUKOR Car Carriers, was on its way from South Korea’s Incheon port to Libyan port of Misurata when it […]

  • ConocoPhillips returns to profit on higher crude prices

    26 October 2017
    Business & Finance

    U.S.-based oil and gas company ConocoPhillips returned to profit in the third quarter 2017 helped by rising crude prices but still decided to further reduce its capital budget for the year.  ConocoPhillips on Thursday reported third-quarter 2017 earnings of $420 million compared with a third-quarter 2016 loss of $1.04 billion. Excluding special items, third-quarter 2017 […]

  • Breagh Development: RWE Dea Awards Pipelay Contract to Allseas (UK)

    26 November 2010
    Business & Finance

    RWE Dea UK announced today that the contract for the engineering, installation and pre-commissioning of the offshore pipeline, and associated fibre optic cable, for the Breagh Development has been awarded to Allseas Construction Contractors SA (“Allseas”). Allseas will perform the required detailed design engineering and will lay the approximately 100 km of 20” export line, […]

  • Russia: Gazprom, Eni Officials Discuss Bilateral Cooperation Issues

    21 April 2011
    Business & Finance

      The Gazprom headquarters hosted yesterday 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 […]

  • Red ink for ConocoPhillips on lower oil prices and volumes

    31 July 2020
    Business & Finance, Business Developments & Projects, Market Outlooks, Outlook & Strategy

    ConocoPhillips recorded a $1 billion loss in the second quarter of this year due to lower oil prices and production curtailments amid COVID-19 impact.

  • Petroleum Sector Brings USD 56.8 Billion to Norway

    13 May 2011
    Business & Finance

      In the Revised National Budget, the net cash flow from the petroleum sector in 2011 is estimated to NOK 311 billion (app. USD 56.8 Billion). This is an increase of NOK 23 billion (USD 4.2 Billion) from the National Budget 2011. – The petroleum industry is Norway’s largest and most important industry. A high […]

  • Indonesia, Vietnam deemed high risk countries for Oil & Gas investors

    19 August 2014

    Indonesia’s climate for investments in the oil & gas sector weakened significantly due to restrictions on foreign direct investments.

  • ConocoPhillips earnings jump amid higher output

    30 April 2019
    Business & Finance

    ConocoPhillips reported an increase in its quarterly earnings on the back of higher output when compared to the prior-year period. 

  • Sen. Murkowski: U.S. sanctioning itself by lifting sanctions against Iranian oil

    20 April 2015

      Lisa Murkowski, the chairwoman of the U.S. Senate Committee for Energy & Natural resources, and a Senator in Alaska, has today said it will start working on a legislation to repeal the U.S. oil export ban. Speaking during the opening session of the IHS CERAweek in Houston, she today used the opportunity to say […]

  • Oil rises after month of steady decline but oversupply still weighs

    1 August 2016

    By Henning Gloystein SINGAPORE (Reuters) – Oil rose on Monday, driven by new orders as traders staked out positions at the start of the new month, but the market remains dogged by plentiful crude supplies, a flood of refined products, and a weakening economic outlook. Brent crude was at $43.72 per barrel at 0440 GMT, […]

  • Oil edges down as OPEC sees market rebalancing at slower pace

    13 June 2017

    Oil prices edged down on Tuesday after OPEC reported an increase in its production for May despite a supply cut agreement

  • Royal Navy’s MASTT Starts Minehunter Testing

    16 April 2014
    Business & Finance, Equipment, Operations & Maintenance, Research & Development

    Royal Navy’s specialist team of sailors is currently testing the motorboat called Hazard in Portsmouth Naval Base. It can act as the ‘mother ship’ to an assortment of hi-tech remote-controlled and robot submersibles. Collectively, they can search, hunt and finally destroy mines faster then the Royal Navy’s Sandown and Hunt-class ships, and have the added benefit of […]

  • ConocoPhillips slashes capex, plans to raise up to $8 billion from asset sales

    11 November 2016

    Houston-based energy giant and LNG player ConocoPhillips plans to further reduce capital expenditure and to sell up to $8 billion in natural gas assets. ConocoPhillips on Thursday revealed a $3 billion share repurchase program and the initiation of a $5 to $8 billion divestiture program, which will focus primarily on North American natural gas. These moves […]

  • China: COSL Reports Annual Results 2011

    25 March 2012
    Business & Finance, Operations & Maintenance

    China Oilfield Services Limited announced its annual results for the year ended 31 December 2011. Despite faced with challenges arising from domestic and global markets in 2011, the Group adopted a market oriented approach to optimize allocation of resources and strategies for marketing of its services. COSL reinforced its presence in the domestic market in […]

  • Wintershall Dea closing its UAE chapter with exit from massive offshore sour gas project

    13 June 2024
    Business & Finance, Business Developments & Projects

    Wintershall Dea has decided to divest its stake in a giant sour gas development off the coast of the UAE to Thailand’s PTTEP.

  • BP swings to second quarter loss

    28 July 2015

    British oil giant BP has swung to a loss in its second quarter 2015 results due to low oil prices and charges related to the Deepwater Horizon claims.  According to BP, underlying replacement cost profit for the quarter was $1.3 billion, compared with $2.6 billion for the previous quarter and $3.6 billion for the second […]

  • Modulift Revamps Subsea Beams for O&G Project

    23 May 2018
    Business & Finance, Equipment, Project & Tenders

    Below-the-hook equipment manufacturer Modulift has recently refurbished two subsea spreader beams for a subsea installation contractor before they were used to lift 260t and 280t manifolds for a field development offshore Libya. The standard Modulift SUB 380 beams originally offered up to 380t at 9m or 30 ft. and up to 16m or 52 ft. […]

  • Oil prices bounce but stuck near 2017 lows on supply overhang

    16 June 2017

    By Libby George LONDON (Reuters) – Oil prices edged up from 2017 lows on Friday but an ongoing supply excess put them on track for their fourth consecutive week of losses despite OPEC-led production cuts to support the crude market. Brent crude futures <LCOc1> were up 42 cents at $47.34 per barrel by 0755 GMT. […]

  • USA: ConocoPhillips Reports 2Q Earnings of USD 3.4 Billion

    27 July 2011
    Business & Finance

    ConocoPhillips today reported $3.4 billion second-quarter earnings and $3.4 billion adjusted earnings. This compares with second-quarter 2010 earnings of $4.2 billion and adjusted earnings of $2.5 billion. “We had a solid quarter,” said Jim Mulva, chairman and chief executive officer. “Higher adjusted earnings and cash flow were driven by better commodity prices and refining margins. […]

  • France: Nexans Reports Organic Growth of 2.3 Pct in Q3 2012

    22 October 2012

    Nexans today announced 2012 third-quarter sales of 1,819 million euros (at current non-ferrous metal prices), or 1,249 million euros at constant non-ferrous metal prices* , which corresponds to an organic increase of 2.3%**. For the first nine months of the year, the organic growth in sales was 0.9%, compared with an increase of 0.2% at […]

  • In rare compromise, Nigerian emerges as frontrunner for OPEC boss

    1 June 2016

    VIENNA (Reuters) – A Nigerian oil technocrat has emerged as frontrunner to take the top job at OPEC, with members seeing Mohammed Barkindo as what would be a rare compromise candidate to lead the group amid rising tensions between Saudi Arabia and Iran. Barkindo has been a key face of the Nigerian oil industry for […]

  • 10 hotspots in African oil & gas (Infographic)

    2 September 2014

    Africa is on an upward growth curve, and investors are optimistic about the potential for growth in the oil and gas sector, EY writes in its report.

  • Drewry: Tight Supply to Keep Oil Prices Up in Q4

    11 October 2018
    Rules & Regulation

    Oil prices have already started to rise ahead of US sanctions against Iran.

  • Oil prices dip on doubts over planned crude output cuts

    13 January 2017

    By Henning Gloystein SINGAPORE (Reuters) – Oil dipped on lingering doubts that crude production cuts would go deep enough to curb a global fuel supply glut, with sentiment worsened by concerns over the health of the Chinese economy after it reported the steepest falls in exports since 2009. Brent crude futures, the international benchmark for […]