1196 results found for 'Libya'

1196 results found for 'Libya'
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  • Harbour Energy getting its hands on Wintershall Dea’s E&P portfolio, bar Russian one, for $11.2 billion

    21 December 2023
    Business & Finance, Business Developments & Projects, Carbon Capture Usage & Storage, Exploration & Production, Transition

    Harbour Energy has the wheels into motion to acquire all of Wintershall Dea’s assets, aside from the ones in Russia, for $11.2 billion.

  • Suncor vows to cut emissions by third and become net-zero firm

    27 May 2021
    Market Outlooks, Outlook & Strategy, Transition, Vision

    Canadian energy company Suncor has announced its intentions to cut emissions by a third and become a net-zero company as investors and courts start putting pressure on oil companies.

  • Qatar: Offshore Middle East Announces Inclusion of Student Paper Program at 2013 Event

    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 […]

  • OPEC extends oil output cut by nine months to fight glut

    25 May 2017

    By Rania El Gamal, Ernest Scheyder and Alex Lawler VIENNA (Reuters) – OPEC decided on Thursday to extend cuts in oil output by nine months to March 2018, OPEC delegates said, as the producer group battles a global glut of crude after seeing prices halve and revenues drop sharply in the past three years. The […]

  • Asia-Mediterranean Rates Plunging

    1 December 2014
    Business & Finance

    Since September, the demand for shipping along the Asia-Mediterranean routes has fallen sharply, and while carriers have countered this by cutting back capacity it has been insufficient to stop the inevitable erosion of market rates, according to Drewry’s latest report. In percentage terms, the 11% drop off in headhaul volumes during September compared to August […]

  • Drowning of 500 Migrants in the Med Deliberate, Survivors Say

    17 September 2014

    Over 500 migrants are believed to have been deliberately drowned by human traffickers this weekend in the Mediterranean Sea while trying to reach European shores. Investigators from the International Organization for Migration said that they have obtained eyewitness testimony of a tragic incident in which as many as 500 migrants were drowned when their vessel was deliberately […]

  • ‘Big step forward’ for Harbour Energy as it takes hold of Wintershall Dea’s oil & gas assets

    3 September 2024
    Business & Finance, Business Developments & Projects, Exploration & Production

    Harbour Energy has brought into its fold all upstream business assets that used to belong to Germany’s Wintershall Dea, aside from the ones in Russia, after wrapping up an $11.2 billion acquisition. 

  • China Oilfield Services Limited 2010 Third Quarter Report

    27 October 2010
    Business & Finance

    In the first three quarters of 2010, China Oilfield Services Limited (the Group) achieved an operating revenue of RMB13,630.3 million, which represented a rise of 0.8% compared to RMB13,525.1 million in the same period of last year (January – September) Since the operation contract of 1 semi-submersible drilling rig under construction was cancelled in the […]

  • RWE Dea Norge Makes Significant Gas Discovery Offshore Norway

    16 September 2010

    RWE Dea Norge  announced that the company has made a significant gas discovery near the Heidrun field in the Norwegian Sea. RWE Dea Norge A/S, operator of production licence 435 (Zidane) is in the process of finishing the drilling of exploration well 6507/07-14S. The well is located approximately 15 kilometres North West of the Heidrun […]

  • Oil price growth won’t last, BP CEO says

    14 June 2018

    The world has seen the oil prices rebound from lows of under $30 a barrel in early 2016 to an average of above $50 in 2017, and today they’re at $76 a barrel or so. So, will the growth continue, will price levels last? BP’s CEO Bob Dudley does not think so.

  • Spain: Saggas Puts Fourth LNG Tank into Commercial Operation

    14 December 2011

    Saggas has met the established timescales for putting its fourth liquid natural gas (LNG) storage tank into commercial operation. Doing so is the final stage in the successful construction of its new tank, work on which began in 2009 and, with it, the plant’s current storage capacity increases by 33% (up to 600,000 m³ of […]

  • Jack-up rig getting ready for seven-well campaign in Black Sea

    29 July 2022
    Business & Finance, Business Developments & Projects, Exploration & Production, Operations & Maintenance, Project & Tenders

    After wrapping up its previous job, a jack-up rig is preparing to embark on its 2022 – 2023 drilling campaign in the Black Sea off Turkiye.

  • Eni Plans 53.3 Billion Euro Investment in 2011- 2014 (Italy)

    11 March 2011

      Paolo Scaroni, CEO of Eni, Thursday presented the company’s 2011-2014 Strategic Plan. In the new plan, Eni confirms a high production growth, the consolidation of its leadership in the Italian and European gas markets, and an ambitious cost reduction program aimed at recovering profitability in R&M. Exploration & Production Eni confirms its strategy of […]

  • Platts: Oil stock overhang could disappear by 3Q 2017

    6 January 2017

    With 2016 behind us, energy intelligence groups have begun dishing out their takes on the energy sector for 2017. One of them, S&P Global Platts, an independent provider of information and benchmark prices for the commodities and energy markets, has shared its view on what to watch this year when it comes to oil market. […]

  • Coronavirus: China’s Oil Demand Drops for 1st Time since 2009

    5 February 2020

    Wood Mackenzie has lowered its oil demand forecast for Q1 2020.

  • Cameron Releases First Quarter Earnings Report (USA)

    29 April 2011
    Business & Finance, Operations & Maintenance, Research & Development

    Cameron  reported net income of $109.5 million, or $0.43 per diluted share, for the quarter ended March 31, 2011, compared with net income of $120.4 million, or $0.48 per diluted share, for the first quarter of 2010. The first quarter 2011 results include after-tax charges of $7.0 million, or $0.03 per share, primarily related to […]

  • Nigeria: More Italdraghe Dredgers in Africa

    12 January 2011
    Vessels

    With a recent supply of an SGT 600 heavy duty dredger to Giorgio Dredging Nigeria Ltd, Italdraghe continues a trail of successes with dredge supplies to Africa, a venture that began first in the early 1970s when it supplied a small SGT 200 B cutter suction dredger to another Italian company that had won a Nigerian tender for a […]

  • Saudi Arabia names Khalid al-Falih energy minister to replace Naimi

    9 May 2016

    Saudi Arabia, the world’s largest crude oil exporter, on Saturday appointed Khalid al-Falih, chairman of the state oil giant Saudi Aramco, as its new energy minister, replacing Ali al-Naimi, who had held the post since 1995.

  • BP books Saipem for work in Gulf of Mexico while Eni hands out rig conversion deal

    11 August 2023
    Business & Finance, Business Developments & Projects, Project & Tenders

    Saipem is on a roll, as it lined up its second batch of contracts in two days and its third one since the start of this month.

  • Iran sanctions, trade tensions, threaten oil supply, demand, IEA says

    10 August 2018

    The International Energy Agency has warned that the U.S. sanctions on Iran could cause a spike in oil prices later this year, thus affecting the oil demand growth. Oil demand might also be hit by trade tensions. In its report in for July released on Friday, IEA first said that previous concerns about the stability […]

  • Is Tilbury Tragedy Sign of New Human Trafficking Trend?

    20 August 2014

    The discovery of 35 Afghani Sikhs in a shipping container in the UK port of Tilbury in the early morning hours of Saturday, August 16, has sent shockwaves through the British media, as the realisation of how fortunate the 34 survivors of the ordeal were to be alive dawns upon the general public, Dryad Maritime […]

  • Schlumberger Releases First-Quarter 2011 Results (France)

    21 April 2011
    Business & Finance, Operations & Maintenance

    Schlumberger Limited  reported first-quarter 2011 revenue of $8.72 billion versus $9.07 billion in the fourth quarter of 2010 and $5.60 billion in the first quarter of 2010. Net income attributable to Schlumberger, excluding charges, was $972 million—a decrease of 16% sequentially but an increase of 30% year-on-year. Diluted earnings-per-share, excluding charges, was $0.71 versus $0.85 […]

  • Eni’s adjusted 4Q profit up 55pct. Full year O&G output at all-time-high

    15 February 2019
    Business & Finance

    Italian oil company Eni posted a 55 rise in adjusted net profit €1.46 billion in the fourth quarter of 2018, compared to adjusted net profit of 943 million in the corresponding quarter a year ago.

  • HMS Blyth Participates in NATO Exercise

    9 June 2014
    Business & Finance, Equipment, Operations & Maintenance

    A Royal Navy minehunter has been working alongside NATO forces in the Mediterranean to practise hunting and destroying mines as part of an international task force. HMS Blyth exercised her skills as part of Standing NATO Mine Counter Measures Group 2 (SNMCMG2) which is made up of ships from the UK, Italy, Spain, France and […]

  • Hess decides to spend more in 2017. Shelves Equus development

    12 January 2017

    Energy company Hess Corporation has increased its annual budget after two consecutive years of reducing it. The company also decided to postpone further development of Equus gas fields off Australia.  Hess informed on Thursday that its 2017 E&P capital and exploratory budget will be $2.25 billion, compared to its 2016 actual spend of $1.9 billion. This […]