1196 results found for 'Libya'

1196 results found for 'Libya'
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  • 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.

  • Iranian Governor for OPEC Says Gas Market Needs Stability

    21 November 2012

    Coordination among the gas producing countries and joining new members to Gas Exporting Countries Forum (GECF), whether as permanent or observer, is necessary to bring stability to gas market. Iran’s governor for OPEC, Mohammad Ali Khatibi, made the remarks in an interview with Shana, adding GECF’s ministerial meeting in Malabo, will review subjects such as […]

  • MOG Farms Out 75 pct Interest in Maltese PSC

    24 June 2011
    Business & Finance

    The Board of Mediterranean Oil & Gas Plc , the central Mediterranean focused producer, developer and explorer of oil and gas assets,  announced today that Phoenicia Energy Company Limited (“PEL”), a wholly owned subsidiary of MOG, has entered into an Execution Agreement (“Execution Agreement”) with Dominion Petroleum Limited (“Dominion”) to farm-out a 75% operated working […]

  • Eni narrows quarterly loss but output takes a hit

    19 February 2021
    Business & Finance, Business Developments & Projects, Exploration & Production, Transition

    Italian oil and gas company Eni managed to cut its losses in the fourth quarter of 2020 as its production dropped by 11 per cent year-over-year.

  • Total’s profit slips as oil prices tumble

    5 May 2020
    Business & Finance, Business Developments & Projects, Exploration & Production, Outlook & Strategy

    Total recorded a 35 per cent decrease in its first quarter profit as oil prices tumbled during the period.

  • Qatar’s Minister of Energy Holds Keynote Speech at OPEC Event, Austria

    14 June 2012

    Dr. Mohammed bin Saleh Al-Sada, Minister of Energy and Industry and Chairman & Managing Director of Qatar Petroleum ( QP ), was a keynote speaker at the 5th OPEC International Seminar, which formally opened yesterday at the Hofburg Palace in Vienna, Austria. QP is one of the sponsors of the two-day event and the corporation […]

  • Hess posts profit driven by higher crude oil production

    25 April 2019
    Business & Finance

    Hess Corporation booked a profit for the first quarter of the year as opposed to a loss in the same period last year driven by higher production from the Gulf of Mexico, Bakken, and North Malay Basin.

  • Eni books higher profit, eyes production growth in 2019

    24 April 2019
    Business & Finance

    Eni saw an increase in its first quarter 2019 net profit when compared to the last year’s performance. In 2019, Eni expects its production to grow fueled by ramp-up at new fields. 

  • Marathon Oil swings to loss. Chops capital spending

    18 February 2016

    Marathon Oil, an oil and natural gas exploration and production company, has posted a quarterly loss and decided to cut spending due to low oil price environment.  The company reported a fourth quarter 2015 net loss of $793 million, compared to a profit of $926 million in the year-ago quarter. Marathon’s fourth quarter capital program decreased to $564 […]

  • Marathon Oil Q4 Net Profit at USD 549 Million (USA)

    1 February 2012

    Marathon Oil Corporation reported fourth quarter 2011 net income of $549 million, or $0.78 per diluted share. Net income in the fourth quarter of 2010 was $706 million, or $0.99 per diluted share, but included income from the Refining, Marketing and Transportation business, which was spun off June 30, 2011 and is now reported as […]

  • Tommy Samuelsberg to Lead North Energy’s Newly Opened Tromso Office (Norway)

    20 March 2011
    Business & Finance

      Oil Company North Energy is expanding its business and is opening an office in Tromsø. The office is located in the Forskningsparken science park and the company’s collaborative relationship with the University has been significant in the selection of its office premises. The purpose of establishing this office is to strengthen the geology and […]

  • Euronav CEO Calls for More Recycling, Ordering Restraint

    9 August 2018
    Business & Finance

    Belgian crude oil tanker company Euronav reported a net loss of USD 51.6 million for the first half of 2018.

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

    27 July 2011

    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. […]

  • Total sees profit dive, plans to change name in energy transition push

    9 February 2021
    Business & Finance, Business Developments & Projects, Transition

    Total decided to change its name as part of its efforts to anchor its transformation into a broad energy company in line with energy transition

  • Total profit falls despite output growth

    26 April 2019
    Business & Finance

    French oil and gas company Total recorded a 4 percent decrease in first quarter profit while its production grew by 9 percent. 

  • Loss deepens for OMV in 4Q

    18 February 2016

    Austrian integrated oil and gas company OMV has deepened its losses in the fourth quarter of 2015 due to low oil price and impairment charges.  OMV on Thursday posted a loss of EUR 1 billion for the fourth quarter of 2015, compared to a loss of EUR 404 million in the corresponding period of 2014. […]

  • Lower prices curb ConocoPhillips profit

    4 February 2020
    Business & Finance

    ConocoPhillips posted a smaller profit for the fourth quarter of 2019 compared to the prior-year period due to impairments and lower realized prices and volumes.

  • Hess sinks deeper into the red over Norwegian assets impairments

    25 October 2017
    Business & Finance

    U.S. oil company Hess Corporation saw its net loss deepen during the third quarter of the year due to impairments related to its asset sale in Norway.  The company on Wednesday posted a net loss of $624 million for the third quarter 2017 compared with a net loss of $339 million in the third quarter of […]

  • Saipem and Curtiss-Wright enrich subsea playbook with new all-electric tool to prolong oil & gas assets’ life

    30 July 2024
    Business & Finance, Business Developments & Projects, Exploration & Production, Innovation, Technology

    Saipem has pooled resources with Curtiss-Wright to bring into play an all-electric seabed barrier fluid-less pump, marking a new milestone for the subsea applications toolbox.

  • Huawei Marine and Viatel Complete Flores-Corvo Submarine Cable System

    20 January 2014
    Business & Finance, Operations & Maintenance, Project & Tenders

    Huawei Marine Networks Co. Ltd. (Huawei Marine), a global submarine cable networks provider, has partnered with Viatel, Portugal’s leading telecommunications engineering network supplier, to successfully complete the 685 kilometer  Flores-Corvo Submarine Cable System construction. The new cable system featuring enhanced Raman technology and advanced Submarine Line Terminal Equipment of OptiX BWS 1600S, will provide vital […]

  • UK: BP Awards TWMA North Sea Contracts

    15 February 2011
    Business & Finance

      Total Waste Management Alliance (TWMA), a world leader in environmental waste management services to the oil and gas industry, has been awarded drilling waste management contracts by BP worth around £4million. The contracts involve the containment, handling, processing, recycling and disposal of drill cuttings at remote offshore locations using environmentally sensitive waste management equipment […]

  • Oil rises towards six-month high after IEA sees tighter supply

    12 May 2016

    By Sarah McFarlane LONDON (Reuters) – Oil prices rose towards six-month highs on Thursday, supported by data from the International Energy Agency (IEA) showing tightening supply in addition to a surprise drop in U.S. crude inventories. Brent crude futures <LCOc1> were trading at $47.87 per barrel at 1101 GMT, up 27 cents from their last […]

  • Eni CEO Presents 2014 – 2017 Strategic Plan

    13 February 2014

    Paolo Scaroni, Eni CEO, presented the company’s 2014-2017 Strategic Plan to the financial community. In what is expected to remain a very difficult market context, Eni’s strategy is based on selective E&P growth, an accelerated restructuring of the mid-downstream businesses, value-creation from disposals and investment discipline. All these actions will result in growing operating and […]

  • EU to Lift Sanctions on Libyan Ports

    5 September 2011

    European Union governments could agree by Thursday to lift sanctions against six Libyan ports as they move to help the country’s ruling… [mappress] Source: Reuters, September 5, 2011.

  • Eni Reports Profit Loss on Weak Demand

    1 May 2014
    Business & Finance, Operations & Maintenance

    Eni, the international oil and gas company, announced its group results for the first quarter of 2014. Net profit was $1.80 billion, down 15.6% from the first quarter 2013. In the first quarter of 2014, adjusted operating profit was €3.49 billion, down 6.8% compared to the first quarter of 2013. This decline was driven by lower […]