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Latest Libya Oil & Gas News

  • Oil companies need incentives to invest here 12 May 2008 20:18 GMT
    ... report shows profits are not from American gas sales, but from foreign operations. The earnings from oil sales from the 2007 report is only 18 ... Basin Germany, Western Greenland, Makassar Strait Indonesia, Libya and New Zealand. The only U.S. investment ...

  • Platts Survey: OPEC Pumps 31.87 Million Barrels per Day of Crude Oil in April, Down 350,000 b/d 12 May 2008 20:02 GMT
    ... 31.87 Million Barrels per Day of Crude Oil in April, Down 350,000 b/d LONDON, May ... The 13 members of the Organization of Petroleum Exporting Countries (OPEC) pumped an average 31.87 ... exports offset by slightly higher internal supply. Libyan output also edged up, to 1.75 million ...

  • 40 nations seek nuclear power 12 May 2008 16:50 GMT
    ... with ready access to huge stocks of oil or natural gas, such as Kuwait, Saudi Arabia and the ... Bahrain also planning nuclear plants, as are Libya, Algeria and Morocco in North Africa and ...

  • Iran offers ocean to oil giant Kazakhstan 12 May 2008 16:30 GMT
    ... sanctions imposed on Iran under the 1996 Iran-Libya Sanctions Act, or ILSA, and persuade or ... production to meet rising global demand, where oil is topping $126 a barrel. Kazakhstan's problem is ... the fifth largest in the world in reserves and the largest discovery of the past ...

  • Oil slips from all-time high as dollar firms but supply fears support UPDATE 12 May 2008 09:55 GMT
    ... Oil slips from all-time high as dollar firms but supply ... ways, of which a meeting called by OPEC would have the most direct impact." "Such ... of supply into the market," he added. Libya's oil minister Shokri Ghanem said on Friday ...

  • VeriFone celebrates more than 15 years in Middle East at Cards Middle East 12 May 2008 09:52 GMT
    ... territories for VeriFone in Lebanon, Iraq, Algeria, Libya and Yemen. Chip and PIN payment systems ... payments. Currently, practically every single bank and petroleum company chooses to rely on VeriFone technology ...

  • 40 nations seeking nuclear programs 12 May 2008 08:31 GMT
    ... with ready access to huge stocks of oil or natural gas, such as Kuwait, Saudi Arabia and the ... Bahrain also planning nuclear plants, as are Libya, Algeria and Morocco in North Africa and ...

  • More Want Nuke Power 12 May 2008 08:14 GMT
    ... with ready access to huge stocks of oil or natural gas, such as Kuwait, Saudi Arabia and the ... also are planning nuclear plants, as are Libya, Algeria and Morocco in North Africa and ...

  • Crude oil falls on signs prices have risen too far, too fast 12 May 2008 08:10 GMT
    ... fast. The 30-day relative strength index for oil, a measure of the momentum of the ... over the next two days. The top Libyan oil official said on May 9 could ... prices higher. He expects the Organization of Petroleum Exporting Countries will call a meeting before ...

  • Nuclear-reactor plans fuel fears 12 May 2008 08:10 GMT
    ... with ready access to huge stocks of oil or natural gas, such as Kuwait, Saudi Arabia and the ... Bahrain also plan nuclear plants, as are Libya, Algeria and Morocco in North Africa and ...

  • Spread of nuclear capability feared 12 May 2008 07:35 GMT
    ... with ready access to huge stocks of oil or natural gas, such as Kuwait, and the United Arab ... are also planning nuclear plants, as are Libya, Algeria and Morocco in North Africa and ...

  • Iran striving to achieve self-sufficiency in oil production 12 May 2008 06:34 GMT
    ... Iran striving to achieve self-sufficiency in oil production Published: Monday, May 12, 2008 12:04 a.m. ... after Saudi Arabia, and its known natural gas reserves are second only to Russia. Iranian ... abroad in places including Turkmenistan, Venezuela and Libya, and Iran has developed some smaller fields ...

  • Push for nuclear power raises fears of arms race 12 May 2008 05:30 GMT
    ... with ready access to huge stocks of oil or natural gas, the investment in nuclear power appears to ... Iran. The United Arab Emirates, Kuwait, Bahrain, Libya, Algeria, Morocco, Jordan, Yemen, Turkey and Egypt ...

  • Iran goes it alone in key oil field 12 May 2008 05:11 GMT
    ... >> Iran goes it alone in key oil field AZADEGAN OIL FIELD, Iran - At this ... after Saudi Arabia, and its known natural gas reserves are second only to Russia. Iranian ... abroad in places including Turkmenistan, Venezuela and Libya, and Iran has developed some smaller fields ...

  • Climbing oil prices offset stimulus package 12 May 2008 04:27 GMT
    ... President Bush's visit to Saudi Arabia, crude oil prices set a record for the fifth ... analysts say that the relentless rise in petroleum prices, which have doubled in the past ... bring down prices. Friday the chairman of Libya's national oil company, Shokri Ghanem, told Bloomberg ...

  • Iran goes it alone in key oil field in snub of Western firms and sanction 12 May 2008 02:31 GMT
    ... AZADEGAN OIL FIELD, Iran (AP) - At this huge oil ... after Saudi Arabia, and its known natural gas reserves are second only to Russia. Iranian ... abroad in places including Turkmenistan, Venezuela and Libya, and Iran has developed some smaller fields ...

  • Platts survey: OPEC pumps 31.87 mln BPD in April 12 May 2008 02:31 GMT
    ... The 13 members of the Organization of Petroleum Exporting Countries (OPEC) pumped an average 31.87 ... million barrels per day (b/d) of crude oil in April, a 350,000 b/d decrease from ... exports offset by slightly higher internal supply. Libyan output also edged up, to 1.75 million ...

  • Speculation: Stocks vs. Commodities 11 May 2008 23:31 GMT
    ... Oil surged above $126 today. Speculators are buying options ... by speculation by investors, OPEC members Kuwait, Libya and Qatar said yesterday. ``The fundamentals aren't ... online. Economic and Geo-Political Impact of High Oil Prices Speculative bubbles in commodities have a serious, ...

  • Bulls push oil over US$126 11 May 2008 18:28 GMT
    ... Oil jumped to a new intraday record of ... turned the spotlight on the Organisation of Petroleum Exporting Countries, which for months has insisted ... attempt to rein in record crude-oil prices, Libya's Shokri Ghanem said. Opec kept its production ...

  • Iran Looks To Tap Key Oil Field With Homegrown Crews 11 May 2008 18:07 GMT
    ... (AP) At this huge oil field in southwest Iran, one building stands out ... after Saudi Arabia, and its known natural gas reserves are second only to Russia. Iranian ... abroad in places including Turkmenistan, Venezuela and Libya, and Iran has developed some smaller fields ...

  • Iran goes it alone in key oil field in snub of Western firms and sanction threats 11 May 2008 17:35 GMT
    ... Iran goes it alone in key oil field in snub of Western firms and sanction ... after Saudi Arabia, and its known natural gas reserves are second only to Russia. Iranian ... abroad in places including Turkmenistan, Venezuela and Libya, and Iran has developed some smaller fields ...

  • Iran looks to tap key oil field with homegrown crews 11 May 2008 17:35 GMT
    ... AZADEGAN OIL FIELD, Iran (AP) -- At this huge oil ... after Saudi Arabia, and its known natural gas reserves are second only to Russia. Iranian ... abroad in places including Turkmenistan, Venezuela and Libya, and Iran has developed some smaller fields ...

  • Malaysian monitors begin withdrawal 11 May 2008 11:25 GMT
    ... including 10 soldiers from Brunei, eight from Libya and a Japanese development worker, were expected ... the Philippines but is believed to contain oil, natural gas and mineral reserves estimated at up to ...

  • Tensions in Mindanao seen to rise as peacekeepers pull out 11 May 2008 07:16 GMT
    ... including 10 soldiers from Brunei, eight from Libya and a Japanese development worker, were expected ... the Philippines but is believed to contain oil, natural gas and mineral reserves estimated at up to ...

  • Platt Survey: OPEC Output Down for April 11 May 2008 04:35 GMT
    ... "OPEC production has been relatively steady in recent ... said John Kingston, Platts global director of oil. "Given that spare capacity is also relatively tight, ... exports offset by slightly higher internal supply. Libyan output also edged up, to 1.75 million ...


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