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Libya Oil & Gas News. Service for global professionals. Constantly updated news and information about Libya.
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Latest Libya Oil & Gas News

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  • Ugandan oil deals 'serve foreign firms' 24 Nov 2009 05:10 GMT
    ... KAMPALA — Foreign oil explorers including the UK’s Tallow Oil would reap ... with similar deals from northern Iraq to Libya, Uganda’s government had signed deals that leave ... few years after explorers found commercially viable reserves of billions of barrels in the country’s ...

  • Marathon Oil to Slash Spending 24 Nov 2009 14:30 GMT
    ... In its investor day meeting, integrated oil major Marathon Oil Corporation ( ) offered a ... the Gulf of Mexico, Canada's oil sands, Libya and Angola). In 2010, Marathon plans to ... We like Marathon’s large and geographically diverse reserve base, competitive downstream operation, and solid project ...

  • Australia's Woodside forecasts 2010 output reduction 24 Nov 2009 00:50 GMT
    ... SYDNEY (MarketWatch) -- Woodside Petroleum Ltd. (WPL.AU) on Tuesday forecast its full year oil and gas production in 2010 to fall ... a sale of its onshore assets in Libya and expects to exit the country early ...

  • Turkey-press scan on Nov 24 24 Nov 2009 10:27 GMT
    ... SEARCH FOR OIL IN BLACK SEA TO BEGIN IN FEBRUARY ... Sea will begin in February, 2010. Turkish Petroleum Corporation (TPAO) and its Brazilian partner Petrobras ... activities. ERDOĞAN, FIRST PRIME MINISTER TO VISIT LIBYA IN 13 YEARS Recep Tayyip Erdoğan became ...

  • Mideast stocks - Factors to watch - Nov 24 24 Nov 2009 06:15 GMT
    ... outlook brightens, slow credit a drag * Oil eases 0.8 percent to $77.5 a barrel ... recovery -Shuaa [MEAST-PVE] * Templeton's Mobius eyes Libyan market, sees growth [LY-FUND] * UAE quit ... exports in Jan [2310.SE] * Shell delays Qatargas 4 LNG plant by a year [RDSa.L] ...

  • Turkish Energy Minister to visit Russia for nuclear power talks 24 Nov 2009 10:30 GMT
    ... a visit to Tripoli, the capital of Libya. Last week, Turkey's Electricity Trade Corp (TETAS) ... downward to $0.153. Turkey relies on natural gas and oil imports to meet almost 67% of its energy ...

  • The promise and perils of Palestine 24 Nov 2009 00:44 GMT
    ... that tried to break the blockade was Libya, which sent a ship with medical and ... the region. Third is the interest in oil. Fourth is the avoidance of nuclear proliferation, ... the West lost preferred access to the reserves in the Persian Gulf, its status in ...

  • Worried over weak dollar, India, China cut US debt holdings 24 Nov 2009 07:34 GMT
    ... US government paper is essentially by the Reserve Bank of India (RBI), though banks, financial ... treasury bonds. Besides India and China, even oil exporters comprising Ecuador, Venezuela, Indonesia, Bahrain, Iran, Iraq, ... Arabia, the United Arab Emirates, Algeria, Gabon, Libya, and Nigeria and the Carribean banking centres, ...

  • Medco, Libyan State Fund to Partner In Development of Oil and Gas Block 23 Nov 2009 16:52 GMT
    ... Medco, Libyan State Fund to Partner In Development of Oil and Gas Block PT Medco Energi Internasional said on Monday that it would now partner with ...

  • Egypt's Beltone Financial sets up Libya subsidiary 23 Nov 2009 03:12 GMT
    ... bank Beltone Financial has begun operations in Libya, hoping to take advantage of a potential ... kind of investment culture," Hilal said. The oil-rich North African country remains largely unaffected by the ... its centralised banking system, high oil and gas reserves and low overseas investments, he added. ...

  • Russia, Slovenia to sign energy cooperation with Libya 23 Nov 2009 10:57 GMT
    ... South Stream pipeline that will transport Russian gas to Europe, APA News reported. The deal ... Russia and Slovenia consider energy cooperation with Libya similar to the one currently being pursued ... will be built by Gazprom and Italian oil major ENI. President Gadhafi asked me to convey ...

  • Firms to get 'too much profit' from Uganda oil 23 Nov 2009 10:31 GMT
    ... Foreign oil explorers are set to reap "excessive" profit once ... few years after explorers found commercially viable reserves of a few billion barrels in the ... around the world, from northern Iraq to Libya, Uganda's government has signed deals that leave ...

  • Libya to make four IPOS in 2010, sell state firms 23 Nov 2009 01:32 GMT
    ... * Libya to make IPOs in four state firms ... period." Libya, home to Africa's biggest proven oil reserves, has attracted a wave of investment since ...

  • The Best Energy Investments in the World 23 Nov 2009 19:43 GMT
    ... I think there's a very good chance oil will be knocked back down along with other markets ... what has recently happened to the natural gas sector in the . Companies were victims ... in politically unstable countries like Iran, Iraq, Libya. These countries are fully aware of the ...

  • Ferguson Modular Secures Int'l Accommodation Contracts 23 Nov 2009 15:50 GMT
    ... of an office module to Hess in Libya, while CNR International UK Ltd struck a ... Scotland, has operations in all major global oil and gas locations to ensure the best service for ...


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