1196 results found for 'Libya'

1196 results found for 'Libya'
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  • ConocoPhillips slashes 2015 capex

    8 December 2014
    Business & Finance

    ConocoPhillips has announced a 2015 capital budget of $13.5 billion, a decrease of approximately 20 percent compared to 2014. The reduction in capital relative to 2014 primarily reflects lower spending on major projects, several of which are nearing completion, as well as the deferral of spending on North American unconventional plays, the company stated in […]

  • Unfortunate Incidents in 2014

    26 December 2014
    Business & Finance

    A ferry named “Sewol“ carrying over 400 people on board sank in the vicinity of the South Korean island of Jeju. The passengers on the ship were mainly high school students and crew members. 174 people survived the accident including 22 crew members. The Authorities suspect that the “Sewol” ferry exceeded its cargo limit, and […]

  • UK: RWE Dea Signs a Suite of Agreements for Breagh Field Gas Processing

    30 September 2010
    Business & Finance

    RWE Dea announced today the signature of a suite of agreements providing for the processing and redelivery at the Teesside Gas Processing Plant (TGPP) of gas to be produced from its operated Breagh gas field in the UK North Sea, including agreements to facilitate the construction of a 10km long onshore section of pipeline across […]

  • Total Discovers Hydrocarbons Offshore Western Nigeria

    25 June 2010

    Total announces that its subsidiary, Total Exploration & Production Nigeria Ltd, in association with Conoil Producing Limited, has discovered hydrocarbons in the central portion of the Oil Mining Lease OML 136, offshore Western Nigeria. The Agge-3B.T1 well aimed at exploring an undrilled compartment of the Agge structure. It was located in a water depth of […]

  • Hess Q3 Profit Down (USA)

    27 October 2011

    Hess Corporation reported net income of $298 million for the third quarter of 2011 compared with $1,154 million for the third quarter of 2010. Exploration and Production earnings were $422 million in the third quarter of 2011 compared with $1,277 million in the third quarter of 2010. The Corporation’s average worldwide crude oil selling price, […]

  • Hess raises 2020 budget to $3 billion, puts focus on Guyana and Bakken

    29 January 2020

    Hess Corporation has decided to raise its yearly budget to $3 billion with plans to use more than 80% of it on high return investments in Guyana and the Bakken.

  • Total’s profit, production drop

    30 July 2014
    Business & Finance

    French oil company Total today reported its adjusted net income for the second quarter of 2014 fell 12% compared to the corresponding period of 2013. The company recorded income of ∼$3.2 billion versus ∼$3.6 billion a year ago. Commenting on the results, Chairman and CEO Christophe de Margerie said: “Growing geopolitical tensions marked the second quarter […]

  • University Students to Meet with Technical Experts at Offshore Middle East 2013

    14 November 2011
    Business & Finance

    Offshore Middle East has announced the inclusion of the inaugural Student Paper Program at the 2013 event taking place in Doha, Qatar on January 21-23, 2013. The purpose of the program is to showcase regional engineering talent and student development in regional universities. The program also serves to bring together university students with technical experts […]

  • UK: RWE Dea Awards EPC Contracts to Heerema Fabrication Group

    6 August 2010
    Business & Finance, Equipment

    RWE Dea UK announced today that the contract for the engineering, procurement and construction (“EPC”) of a minimum facilities platform for the Breagh A Development has been awarded to Heerema Vlissingen B.V. (“Heerema”). This is the second contract this year to be awarded by RWE Dea UK to Heerema, following an award of an EPC […]

  • Total plans $5 billion in asset sales as second quarter profit slips on lower oil prices

    25 July 2019
    Business & Finance

    Total has said it plans to sell about $5 billion worth of assets, mostly from its Exploration & Production business.

  • Russia’s Rosneft boss Sechin says no to OPEC oil cap

    11 October 2016

    By Olesya Astakhova ISTANBUL (Reuters) – Igor Sechin, Russia’s most influential oil executive and the head of state-controlled energy giant Rosneft, said his company will not cap oil production as part of a possible agreement with OPEC. His comments underline how difficult it is for Russia to get its oil companies to freeze or cut […]

  • Repsol records higher profit in 3Q and highest 9-month result in last decade

    31 October 2018
    Business & Finance

    Spanish oil company Repsol recorded an increase in its profit for the third quarter of 2018 driven by improvement in its upstream business.  Repsol said on Wednesday that its operating income for the third quarter 2018 increased to 934 million euros from 653 million euros in the same period last year. Repsol’s adjusted net income […]

  • Sonde Resources Announces Test Results from Its Zarat North-1 Appraisal Well, Offshore Tunisia

    10 January 2011

    Sonde Resources Corp. announced today that it has completed drilling and production testing of its inaugural well on the 7th of November Block, offshore Tunisia / Libya, the Zarat North-1 appraisal, in which Sonde owns a 100% working interest. Jack Schanck, Sonde’s President and CEO, said “We are very pleased with the robust test results […]

  • Fresh gas discovery for Harbour Energy in North Sea as drilling ops bear fruit

    13 March 2024
    Business & Finance, Business Developments & Projects, Exploration & Production

    Harbour Energy has made a new gas discovery in the North Sea off the coast of Norway, using one of Noble Corporation’s jack-up rigs.

  • Spain: Repsol Records Exceptional Earnings in its LNG Sector

    28 July 2011

    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 […]

  • Spain: Repsol 2010 Net Income Surges to EUR 4.7 Billion

    24 February 2011
    Business & Finance

      Repsol posted net income of 4.693 billion euros for 2010 compared to 1.559 billion euros in the previous year. Excluding extraordinary items, recurring net profit improved 54.9% to 2.360 billion euros. The 2010 earnings increase is mainly due to the good performance of the company’s ongoing activities, boosted in the fourth quarter by the […]

  • ConocoPhillips to keep next year’s capital budget flat

    10 December 2018
    Business & Finance

    U.S. oil major ConocoPhillips has revealed that its capital expenditure budget for 2019 will be $6.1 billion. 

  • Hess shaves off $800 million of its budget for 2020

    17 March 2020
    Business & Finance

    In light of the current low oil price environment and market volatility, U.S. oil and gas company Hess Corporation has revealed a plan for a significant reduction to its 2020 capital and exploratory budget. 

  • Oil rebounds on U.S. stocks drawdown, but declining OPEC compliance weighs

    3 May 2017

    By Naveen Thukral SINGAPORE (Reuters) – Crude oil prices bounced back on Wednesday as a decline in U.S. inventories underpinned the market, although a dip in compliance with OPEC efforts to reduce output and near record supplies capped gains. The benchmark for global oil market, Brent futures gained 47 cents, or 0.9 percent to $50.93 […]

  • Sonde Resources Announces Results from its Zarat North-1 Appraisal Well, Offshore Tunisia

    12 January 2011
    Business & Finance

    Sonde Resources Corp.  announced today that it has completed drilling and production testing of its inaugural well on the 7th of November Block, offshore Tunisia / Libya, the Zarat North-1 appraisal (the “Well”), in which Sonde owns a 100% working interest. Jack Schanck, Sonde’s President and CEO, said “We are very pleased with the robust […]

  • Sea Shepherd Departs for Hostile Libyan Waters to Save Tuna

    2 June 2011

      Operation Blue Rage, Sea Shepherd Conservation Society’s bluefin tuna defense campaign, kicked off today with the departure of two of their… (seashepherd) [mappress] Source: seashepherd, June  2, 2011;  

  • Rystad: 282 billion barrels to stay in the ground as Covid-19 hastens peak oil

    18 June 2020
    Exploration & Production, Infrastructure, Market Outlooks, Outlook & Strategy

    In its global energy outlook, Rystad Energy revealed that the Covid-19 downturn will expedite peak oil demand, putting a lid on exploration efforts in remote offshore areas and as a result reducing the world’s recoverable oil by around 282 billion barrels.

  • ADM Energy (ex-MX Oil) names new CEO

    15 July 2019
    Business & Finance

    ADM Energy, an oil and gas investing company until recently known under the name of MX Oil, has appointed a new CEO.

  • Hess to spend two thirds of 2018 budget on Guyana and Bakken assets

    31 January 2018
    Business & Finance

    Hess Corporation will spend about two thirds of its 2018 budget on Guyana asset and Bakken shale play. 

  • BP boosts gas production from Mediterranean Sea as it fires up next chapter of giant project

    17 February 2025
    Business & Finance, Business Developments & Projects, Exploration & Production

    BP has brought online the second development phase of a field at the West Nile Delta (WND) concession in the Mediterranean within the Egyptian Exclusive Economic Zone (EEZ).