1196 results found for 'Libya'

1196 results found for 'Libya'
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  • Petrobras kicks off production from giant Mero field

    3 May 2022
    Business & Finance, Business Developments & Projects, Exploration & Production, Project & Tenders, Vessels

    Petrobras has started producing oil and natural gas through FPSO Guanabara, the first definitive production system installed in the Mero field.

  • OPEC oil output hits record high in June on Nigerian rebound

    30 June 2016

    By Alex Lawler LONDON (Reuters) – OPEC’s oil output has risen in June to its highest in recent history, a Reuters survey found on Thursday, as Nigeria’s oil industry partially recovers from militant attacks and Iran and Gulf members boost supplies. Higher supply from major Middle East producers except Iraq underlines their focus on market […]

  • CNOOC 2013 net profit falls

    28 March 2014
    Business & Finance

    China’s CNOOC Limited sees its net profit for the full year 2013 slide.

  • Startups Widen Genting Hong Kong’s Loss

    18 August 2017
    Business & Finance

    Startup of new brands for the cruise division and MV Werften Shipyard has pushed cruise operator Genting Hong Kong into a loss of USD 203.2 million during the first half of 2017. The company’s loss has been further widened when compared to last year’s equivalent of USD 53.6 million. Total comprehensive income attributable to equity owners of […]

  • Schlumberger CEO: E&P spend will rise to meet increasing demand

    20 July 2018
    Equipment

    Oilfield services giant Schlumberger posted a second-quarter revenue of $8.3 billion, an 11 percent rise compared to a revenue of $7.4 billion a year ago, as its CEO expects an increase in E&P spending.

  • Petrobras sees record annual oil output

    16 January 2018
    Infrastructure

    Brazilian oil giant Petrobras has reported that its average oil production in Brazil achieved a historical record for the fourth consecutive year.

  • Lomar to pilot Seabound’s carbon capture technology on vessels

    20 April 2023
    Business Developments & Projects, Carbon Capture Usage & Storage, Collaboration, Green Marine, Innovation, Outlook & Strategy, Research & Development, Technology, Transition, Vessels

    lomarlabs, a new subsidiary of UK-based shipowner Lomar Shipping, part of LIbra Group,  has partnered with climate tech start-up Seabound, in a bid to reduce emissions and catalyse cost-effective methods to capture CO2 onboard vessels. Seabound has developed a patent-pending compact carbon capture device that can be retrofitted into a ship’s engine exhaust at the funnel. The […]

  • FPSO on Brazil’s third largest oil field goes full steam ahead with maximum production capacity

    16 January 2023
    Business & Finance, Business Developments & Projects, Exploration & Production, Project & Tenders

    Petrobras has revealed that an FPSO, currently producing oil and gas at a field off Brazil, has reached its maximum production capacity.

  • Rystad: 2016 discovered offshore volumes 90% lower than in 2010

    19 January 2017
    Exploration & Production, Project & Tenders

    The 2016 total offshore discovered liquids resources reached only slightly below 2.3 billion bbl, 90% lower than in 2010, Energy intelligence group Rystad Energy has informed. The group says the drop is most significant to the overall decline in discovered volumes; and in fact, total global discovered volumes (oil & gas combined) are at an […]

  • SBM Offshore allocates $240M for potential bribery settlement

    7 August 2014

    SBM Offshore, the world’s largest provider of floating production storage and offloading units, has set aside $240 million it may have to give away in a potential bribery settlement case. The company has been accused of bribery and improper sales practices involving third parties in Angola, Equatorial Guinea and Brazil. SBM Offshore, which in 2012 initiated an […]

  • Drewry: All Is Not Quiet in the East Med

    17 January 2017

    A recent spike in Asia to Mediterranean spot rates shouldn’t be mistaken as a sign of permanent recovery of big markets in the Mediterranean as weakness in the East Med region and the spectre of big ships entering the trade will temper carriers’ prospects in 2017, according to analysts at Drewry. The westbound Asia to […]

  • Despite cuts, Big Oil to expand production into the 2020s

    6 September 2016

    By Ron Bousso LONDON (Reuters) – Never mind the drop in crude prices, huge spending cuts and thousands of job losses – the world’s top oil and gas companies are set to produce more than ever for some time. While top oil companies struggle with slumping revenues following a more than halving of prices since […]

  • USA: Schlumberger Reports Growth in Third-Quarter Revenues

    19 October 2012
    Business & Finance, Operations & Maintenance

    Schlumberger Limited today reported third-quarter 2012 revenue of $10.61 billion versus $10.45 billion in the second quarter of 2012, and $9.55 billion in the third quarter of 2011. Income from continuing operations attributable to Schlumberger, excluding charges and credits, was $1.44 billion—an increase of 3% sequentially and 10% year-on-year. Diluted earnings-per-share from continuing operations, excluding […]

  • Tow master selected for Brazil-bound FPSO destined for Petrobras’ giant oil field

    28 February 2024
    Business & Finance, Business Developments & Projects, Project & Tenders

    ABL has been picked as tow master to support and supervise the towage of an FPSO vessel from Yantai, China, to Brazilian waters.

  • Fredriksen’s Northern Drilling to buy two new drillships with option for third

    9 May 2018
    Exploration & Production

    John Frederiksen’s Northern Drilling has entered into agreements to buy two newbuild drillships from a South Korean shipyard with an option to buy a third drillship. 

  • BP: First gas flows from 2nd stage of West Nile Delta project off Egypt

    11 February 2019

    Oil and gas giant BP has kicked off first gas production from the second stage of its West Nile Delta development offshore Egypt.

  • BP produces first oil from Quad 204 project

    22 May 2017
    Project & Tenders

    Oil major BP has produced first oil from the redeveloped Schiehallion Area, following completion of the multi-billion-pound Quad 204 project in the west of Shetland region, offshore UK. BP’s co-venturers in the project are Shell and Siccar Point Energy. Schiehallion and the adjacent Loyal fields were first developed in the mid-1990s and have produced nearly […]

  • Shell, BP, TotalEnergies, Eni, ExxonMobil, Chevron, and ConocoPhillips ride oil & gas demand wave, cashing in close to $32 billion in total profit

    12 August 2024
    Business & Finance, Business Developments & Projects, Environment, Exploration & Production, Project & Tenders, Transition

    European and U.S. oil majors – the UK’s duo Shell and BP, France’s TotalEnergies, and Italy’s Eni alongside U.S.-based trio: ExxonMobil, Chevron, and ConocoPhillips – have collected a staggering $31.65 billion in combined profit during the second quarter of 2024.

  • HMS Echo Discovers Underwater Mountain in the Red Sea

    13 July 2012
    Business & Finance, Equipment, Operations & Maintenance, Research & Development

    Survey ship HMS Echo has discovered an underwater mountain the size of the Rock of Gibraltar has she sailed through poorly-mapped waters in the Red Sea. The ship came across the huge feature while searching for volcanoes on the seabed – and also located a WW2 wreck off the Libyan coast as her 19-month deployment […]

  • 17,000 to Be Trained to Work in O&G Sector by 2016

    8 May 2014

    This Tuesday (May 6th), Paulo Sergio Rodrigues Alonso, the Petrobras CEO’s special advisor on local content and executive coordinator of Prominp (National Oil and Gas Sector Mobilization Program), revealed that a total of seventeen thousand people will be trained to work in the oil and gas sector between now and 2016. The executive said this […]

  • Oil & gas prices to fall below expectations over coronavirus epidemic, Rystad says

    27 February 2020

    As China’s coronavirus epidemic continues to expand and more countries are affected, the slowdown in global oil and gas consumption this year will hit suppliers who will see average prices fall below previous expectations, according to Rystad Energy’s revised forecasts.

  • Survey Ship HMS Echo Discovers Underwater Mountain in the Red Sea

    13 July 2012

    Survey ship HMS Echo has discovered an underwater mountain the size of the Rock of Gibraltar as she sailed through poorly-mapped waters in the Red Sea. The ship came across the huge feature while searching for volcanoes on the seabed – and also located a WW2 wreck off the Libyan coast as her 19-month deployment […]

  • Petrobras: 17.000 people to be trained for work in oil & gas sector

    7 May 2014
    Business & Finance

    This Tuesday (May 6th), Paulo Sergio Rodrigues Alonso, the Petrobras CEO’s special advisor on local content and executive coordinator of Prominp (National Oil and Gas Sector Mobilization Program), revealed that a total of seventeen thousand people will be trained to work in the oil and gas sector between now and 2016.   The executive said […]

  • USA: Marathon Oil Q3 Profit Declines

    2 November 2011

    Marathon Oil Corporation  reported third quarter 2011 net income of $405 million, or $0.57 per diluted share. Net income in the third quarter of 2010 was $696 million, or $0.98 per diluted share. On June 30, 2011, Marathon Oil completed the spin-off of its Refining, Marketing and Transportation business, which is now reported as discontinued […]

  • Turkey awaits arrival of fourth drillship to prepare for next drilling mission

    13 May 2022
    Authorities & Government, Business & Finance, Business Developments & Projects, Exploration & Production, Project & Tenders, Vessels

    Turkey’s latest drillship, bought last year from a South Korean shipyard, is set to join three other drillships as the country is working to develop its gas resources amid a growing need for the security of supply.