1196 results found for 'Libya'

1196 results found for 'Libya'
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  • USA: Schlumberger Posts 1Q 2011 Revenue of USD 8.72 Billion

    21 April 2011
    Business & Finance

      Schlumberger Limited today 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 […]

  • Hess to boost capital budget after two years of stagnation

    10 December 2018
    Business & Finance

    Hess Corporation will allocate 75% of its 2019 E&P capital and exploratory budget of $2.9 billion to high return assets in the Bakken and Guyana.

  • Repsol to invest over $9 billion in Upstream unit by 2020

    6 June 2018
    Business & Finance

    Repsol has updated its 2016-2020 Strategic Plan after achieving all the goals set out in the plan two years ahead of schedule, aiming to invest 7.9 billion euros ($9.3B) in its Upstream unit by 2020.

  • USA: ConocoPhillips Approves 2011 Capital Program

    14 February 2011

      ConocoPhillips approved a 2011 capital program of $13.5 billion, representing a significant increase in Exploration and Production (E&P) segment expenditures. Almost 90 percent of the capital program will be in support of E&P, while the Refining and Marketing (R&M) segment represents about 9 percent of this year’s spending. The 2011 capital program is consistent […]

  • Shell Conducting LNG Feasibility Study in Philippines

    30 July 2013

    While Phase 2 and 3 of the Malampaya Deep Water Gas-to-Power Project is still being completed, Shell is already looking into building a Liquefied Natural Gas (LNG) import terminal near its refinery in Tabangao, Batangas and is currently conducting a technical feasibility study that will look into its viability. In the recently concluded Euromoney Philippine […]

  • SRM Chairman Presents “Economic Relations Between Italy and Mediterranean” Report

    5 December 2011

    “We believe that the current period of turbulence in the Mediterranean area could be stabilised within six months, paving the way for the significant recovery in the development of investments from Italian entrepreneurs and those from Campania in particular”. This bright outlook comes from the Paolo Scudieri, chair of the association Study and Research for […]

  • Hess narrows quarterly loss. Axes 400 jobs

    5 February 2018
    Business & Finance

    Hess Corporation narrowed its net loss in the fourth quarter 2017 as its revenues fell when compared to the same period last year. Hess in January eliminated about 400 positions. 

  • RWE Dea to Invest USD $3.6 Billion in Gas Project in Egypt

    19 July 2010
    Business & Finance

    RWE Dea will be investing 3.6 billion US-Dollars in the field development in the North Alexandria and West Mediterranean Deep Water concessions – the biggest single investment for the upstream company to date. Together with the Egyptian Petroleum Minister Sameh Fahmy, the Egyptian state-owned company EGPC and the operator BP, RWE Dea signed the relevant […]

  • Schlumberger Reports Q1 2011 Results (USA)

    21 April 2011

      Schlumberger Limited today 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 […]

  • EIA Says Shale Gas and Oil Resources Are Globally Abundant

    2 January 2014

    Estimated shale oil and shale gas resources in the United States and in 137 shale formations in 41 other countries represent 10% of the world’s crude oil and 32% of the world’s natural gas technically recoverable resources, or those that can be produced using current technology without reference to economic profitability, according to a new […]

  • BP exploration boss leaves after spending cuts

    18 May 2016

    By Dmitry Zhdannikov LONDON (Reuters) – The head of exploration at BP, Richard Herbert, is leaving the British oil major after slightly more than two years in the job, a period in which the company slashed spending on the search for new deposits. Herbert, a BP veteran and a long-time ally of chief executive Bob […]

  • African nations back carbon levy on shipping

    11 September 2023
    Authorities & Government, Business & Finance, Business Developments & Projects, Collaboration, Green Marine, Market Outlooks, Outlook & Strategy, Regulation & Policy, Research & Development, Rules & Regulation, Transition, Vessels

    A coalition of 20 African nations has thrown their weight behind the Nairobi Declaration, advocating for a global carbon levy on shipping. The declaration was adopted at the Africa Climate Summit held in Nairobi last week, and it calls for new global taxes to fund climate change action and adaptation efforts. The Nairobi Declaration underscores […]

  • Stronger price environment pushes Eni 1Q profit past $1 billion

    30 April 2021
    Business & Finance, Business Developments & Projects

    Italian oil and gas company Eni booked a net profit of over $1 billion in the first quarter of the year due to a strengthened upstream price environment.

  • Rystad: No more trillion-dollar oil & gas tax revenues as energy transition ramps up

    3 June 2021
    Business & Finance, Business Developments & Projects, Market Outlooks, Outlook & Strategy, Transition

    Global petrostates can forget trillion-dollar from oil & gas tax revenues as the accelerating energy transition bites, Rystad Energy said.

  • Europe eyes gas-rich African nations for new supplies, Rystad says

    12 May 2022
    Authorities & Government, Business & Finance, Business Developments & Projects, Environment, Exploration & Production, Market Outlooks, Outlook & Strategy, Project & Tenders, Transition

    Africa is conservatively forecast to reach peak gas production at 470 Bcm by the late 2030s, according to Rystad Energy research.

  • Hess Reports 4Q 2012 Income of $566 Mln (USA)

    30 January 2013
    Business & Finance

    Hess Corporation, a U.S. based oil and gas exploration and production company, today reported net income of $566 million for the fourth quarter of 2012, compared with a net loss of $131 million for the fourth quarter of 2011. Exploration and Production earnings were $517 million in the fourth quarter of 2012, compared with $527 […]

  • The Underwater Centre Strengthens Its Team with New Appointments

    3 February 2014
    Business & Finance

    The Underwater Centre in Fort William, one of the world’s leading trainers of commercial divers and Remotely Operated Vehicle (ROV) pilot technicians, has strengthened its team with the appointment of a number of new staff to meet ever-growing demand from industry. Seven new posts have been established in a number of areas, including the dive […]

  • Frontline Bets on Strong Market Rebound once Coronavirus is Contained

    27 February 2020
    Business & Finance

    Frontline posted the highest quarterly net income in more than eleven years.

  • US$33 billion Middle East seaport expansion underway

    9 July 2008

    News – July 9, 2008 Massive economic growth is driving major seaport expansion in the Middle East worth in excess of US$33 billion to handle record volumes of containers and bulk cargoes, say leading maritime industry observers. “The emergence of strong and diversified maritime companies and operators is making the Middle East, and the Arabian […]

  • OEEC 2018: Oil age to end sooner than anticipated

    24 October 2018

    Global Oil Event, the third of the four keynote sessions at the OEEC, was held on Wednesday, October 24.

  • BP Presents 2014 Global Energy Review at WPC in Moscow

    16 June 2014

    The BP Statistical Review of World Energy 2014 – launched today at the World Petroleum Congress meeting in Moscow – reveals how the world of energy echoed broader global themes in 2013. Emerging differences in global economic performance, geopolitical uncertainty and ongoing debates about the proper roles of government and markets are all reflected in […]

  • Royal Navy Takes Part in Largest Multinational Minehunting Exercise in Gulf Region

    16 May 2013
    Business & Finance, Operations & Maintenance

    Representatives from more than 40 nations have arrived in Bahrain to take part in the largest exercise ever staged to deal with the threat of mines in the Gulf region. Six ships and more than 600 sailors from the Royal Navy are taking part in the fortnight-long test of the response of the world’s nations […]

  • OPEC agrees first output cut since 2008, details unclear

    30 November 2016

    By Ahmad Ghaddar, Alex Lawler and Rania El Gamal VIENNA (Reuters) – OPEC has agreed its first limit on oil output since 2008, an OPEC source told Reuters after Saudi Arabia said it was prepared to accept “a big hit” on production and agree to arch-rival Iran freezing output at pre-sanctions levels. Brent crude futures […]

  • Update: OPEC+ agrees on output cuts. ‘Iran exempted’

    7 December 2018

    The Organization of Petroleum Exporting Countries has struck a deal with its Russia-led allies to cut production by 1.2 million barrels a day, in order to bring up oil prices.

  • Weak Earnings Quarter for BP, CEO Says

    31 July 2012
    Business & Finance

    BP today reported its quarterly results for the second quarter of 2012. Underlying replacement cost profit for the quarter, adjusted for non-operating items and fair value accounting effects, was $3.7 billion, compared with $5.7 billion for the same period in 2011 and $4.8 billion for the first quarter of 2012. Compared to the previous quarter, […]