1202 results found for 'Libya'

1202 results found for 'Libya'
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  • 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.

  • Infield Systems Launches Subsea Market Forecast to 2016

    9 February 2012
    Business & Finance

    As operators face the dual challenge of sustaining their production levels in mature regions and effectively exploiting the uncapped reserves in growth areas, such as, West Africa, US Gulf of Mexico and Brazil, the potential for subsea capital expenditure throughout the forecast period has increased dramatically. In order to leverage against declining production, Operators are […]

  • GOGL Still in The Red

    24 May 2017
    Business & Finance

    Dry bulk shipping company Golden Ocean Group Limited (GOGL) managed to narrow its net loss in the first quarter of 2017, reaching USD 17.9 million, compared to a loss of USD 68.2 million posted in the respective period a year earlier.  In a what was described as “slightly weaker” market environment, the company’s total operating revenues stood […]

  • UK: Infield Systems Introduces Subsea Market Report to 2016

    10 February 2012
    Business & Finance, Research & Development

    Infield Systems has just released its latest edition of the Global Perspectives Subsea Market Report To 2016. The eighth edition of this ground breaking report is devoted to the global subsea market and provides a comprehensive analysis of its many facets. Information is presented in such a way as to highlight the differing market dynamics, […]

  • Best of Videos

    26 December 2014
    Equipment, Operations & Maintenance

    Subsea World News brings you an interesting collection of the most viewed videos for this year. Maersk Oil ‘Dan Bravo’ Deep Dive Dan Bravo Rationalisation, a challenging three-year project that has reached its midway point, is an example of the complex subsurface and diving work regularly carried out by Maersk Oil’s Danish Business Unit. The […]

  • BP eyes first gas months earlier with subsea ops already underway, as Valaris rig moves to next well

    14 January 2025
    Authorities & Government, Business & Finance, Business Developments & Projects, Exploration & Production

    UK-headquartered energy giant BP has wrapped up drilling activities at two wells, targeting to bring them on stream next month.

  • USA: Schlumberger Releases First Quarter 2012 Results

    20 April 2012
    Business & Finance, Operations & Maintenance

    Schlumberger Limited reported first-quarter 2012 revenue of $10.61 billion versus $10.97 billion in the fourth quarter of 2011, and $8.72 billion in the first quarter of 2011. Net income attributable to Schlumberger, excluding charges and credits, was $1.31 billion—a decrease of 12% sequentially but an increase of 35% year-on-year. Diluted earnings-per-share, excluding charges and credits, […]

  • Careful optimism

    17 February 2014

    One year ago the analysts of Bloem Doze Nienhuis warned for the effects of the overcapacity in the world fleet, and later in 2013 published an alarming report on the situation in short sea shipping. Although there are still massive challenges in the market, slowly some signs of restoration are being witnessed in Europe. According […]

  • WATCH: Foresea rig comes to Brazilian shipyard ahead of its drilling gig with Petrobras

    17 September 2024
    Business & Finance, Business Developments & Projects, Exploration & Production, Operations & Maintenance, Project & Tenders, Transition

    Foresea has sent one of its drillships to undertake a 15-year special periodic survey (SPS) at the Rio Grande Shipyard, where the rig will get ready for its new assignment off the coast of Brazil, which is slated to begin next quarter with the state-owned energy giant Petrobras.

  • ConocoPhillips Q1 Earnings Hit USD 2.9 Billion (USA)

    23 April 2012

    ConocoPhillips today reported first-quarter earnings of $2.9 billion, compared with first-quarter 2011 earnings of $3.0 billion. Excluding $330 million of special items, first-quarter 2012 adjusted earnings were $2.6 billion. Special items were primarily related to gains on asset dispositions, partially offset by impairments and repositioning costs. “We operated according to plan during the first quarter […]

  • Diamond Offshore’s contract backlog hits $1.9 billion amid tightening rig supply and demand dynamics

    9 May 2024
    Business & Finance, Business Developments & Projects, Operations & Maintenance, Project & Tenders

    After enlarging its contract backlog by $713 million in 1Q 2024,Diamond Offshore is determined to expand its backlog further.

  • Top Videos of 2015

    30 December 2015
    Business & Finance

    Subsea World News has put together a recap of the most interesting videos of 2015.  Top videos include vessel launching ceremonies, naming ceremonies, the introduction of the first subsea gas compression facility. Top 10 videos of the year were: SSV Maersk Connector Launched at Damen Senior representatives of Maersk Supply Service, DeepOcean UK and the Damen Shipyards […]

  • This is how you play the game: Northern Drilling takes first-mover advantage in the deepwater market (Bassoe)

    9 May 2018
    Exploration & Production

    With a clear strategy and commitment to execution, Northern Drilling is shrewdly maneuvering through the distressed offshore rig world.

  • US firm taking over Brazil’s only FPSO operator, thanks to $390 million deal for Ocyan

    29 December 2023
    Business & Finance, Business Developments & Projects

    EIG is in the process of acquiring Ocyan Participações, a Brazilian-based solutions provider to the offshore oil and gas industry.

  • BP sinks to loss in first quarter 2016

    26 April 2016

    Oil major BP sank to a first-quarter loss of $583 million, compared with a profit of $2.6 billion a year ago, less than two weeks after its shareholders voted against the hefty salary package for the oil giant’s chief executive.  Back in February 2016, BP reported its worst annual loss in at least 20 years as the British […]

  • Petrobras, Shell, Statoil win six offshore blocks in Brazil’s pre-salt rounds

    30 October 2017

    The Brazilian National Agency of Petroleum, Natural Gas and Biofuels (ANP) has awarded six offshore blocks to oil majors including Shell, Petrobras, and Statoil, generating R$6.15 billion ($1.9B) in signature bonus and R$760 million ($234.8M) in investments. The 2nd and 3rd production sharing bidding rounds, with pre-salt areas, were held by the ANP on Friday, confirming the reestablishment […]

  • CNOOC sets bullish tone for the rest of Chinese oil companies, WoodMac says

    25 January 2019

    Announcing its strategic plan for 2019, CNOOC Ltd has set a bullish tone for the rest of the Chinese national oil companies to follow, according to Wood Mackenzie, an energy intelligence group. 

  • USA: ConocoPhillips Reports 1Q Earnings of USD 2.9 bln

    23 April 2012
    Business & Finance

    ConocoPhillips today reported first-quarter earnings of $2.9 billion, compared with first-quarter 2011 earnings of $3.0 billion. Excluding $330 million of special items, first-quarter 2012 adjusted earnings were $2.6 billion. Special items were primarily related to gains on asset dispositions, partially offset by impairments and repositioning costs.  “We operated according to plan during the first quarter […]

  • BP Statistical Review of World Energy 2013: Record US Oil Output in 2012

    13 June 2013

    The BP Statistical Review of World Energy 2013 – the 62nd annual report – is launched today, revealing that 2012 had the largest single-year increase in US oil production ever recorded, and new evidence of the flexibility of the world’s energy system in meeting rapid global change. The US recorded the world’s highest growth in […]

  • BP: Global LNG Trade Declines, UK

    12 June 2013

    The BP Statistical Review of World Energy 2013 – the 62nd annual report – is launched today, revealing that 2012 had the largest single-year increase in US oil production ever recorded, and new evidence of the flexibility of the world’s energy system in meeting rapid global change. The US recorded the world’s highest growth in […]

  • Two SBM Offshore’s FPSOs slated for first oil in 2023

    24 February 2023
    Authorities & Government, Business & Finance, Business Developments & Projects, Collaboration, Environment, Exploration & Production, Market Outlooks, Outlook & Strategy, Project & Tenders, Regulation & Policy, Rules & Regulation, Transition, Vessels

    SBM Offshore is working on several FPSO projects and two of these vessels are expected to achieve the first oil this year.