OIL AND GAS

November 23, 2017

Libya's Waha Oil Output Up, But Funding Shortfall Hampers Further Gains

Libya's Waha Oil Co. is producing about 260,000 barrels per day (bbl/d), up more than 100,000 bbl/d from the company's output levels this summer, but further gains are complicated by a lack of investment, its chairman said Nov. 21.

Ahmed"...

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November 23, 2017

Libyan oil firm faces shortage of fund

Libya's Waha Oil Co is producing about 260,000 barrels per day (bpd), up more than 100,000 bpd from the company's output levels this summer, but further gains are complicated by a lack of investment, its chairman said on Tuesday.

Ahmed Ammar said Waha was aiming to"...

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November 23, 2017

Libya's oil boss named Chief Executive of the Year at the Petroleum Economist Annual Awards

The Chairman of the Libyan National Oil Corporation (NOC) Mustafa Sanallah has been selected as the Chief Executive of the Year at the Petroleum Economist Annual Awards gala ceremony in London.

The international"...

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November 22, 2017

Libya Midstream Oil and Gas Industry Outlook to 2020: Market Forecasts for Oil Storage, Pipelines an

Libya Midstream Oil and Gas Industry Outlook to 2020: Market Forecasts for Oil Storage, Pipelines and Gas Processing Summary 'Libya Midstream Oil and Gas Industry Outlook to 2020

[USPRwire,"...

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November 22, 2017

UPDATE 2-Libya's Waha Oil Co pumping 260,000 bpd, plans hampered by funding shortfall

Libya’s Waha Oil Co is producing about 260,000 barrels per day (bpd), up more than 100,000 bpd from the company’s output levels this summer, but further gains are complicated by a lack of investment, its chairman said on Tuesday.

Ahmed"...

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November 21, 2017

Libya’s conflict hurts oil production and business

Libya's conflict between rival governments and armed groups has led to a sharp drop in oil production over the past three years.

In addition to affecting major businesses, the country's crisis has also"...

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November 15, 2017

Outlaws vandalize power station in south Libya

A group of outlaws vandalized and looted a power-transmission station in southern Libya related to the General Electricity Company of Libya (GECOL) which transmits power from northern Libya to its south.

GECOL"...

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November 13, 2017

Hedge funds pile on bullish oil bets as Middle East tension rises

The Middle East is kicking things up a notch in the oil market.

Hedge fund bets on rising Brent crude prices have hit a fresh record as tension in the oil-rich region reached a whole new level, sending prices"...

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November 11, 2017

Hedge Funds Pile on Bullish Oil Bets as Mideast Tension Heats Up

The Middle East is kicking things up a notch in the oil market. Hedge fund bets on rising Brent crude prices hit a fresh record as tension in the oil-rich region reached a whole new level, sending prices to their highest in more than two years. Disruptions in exporting countries such as Libya, Nigeria and Venezuela in past months hadn’t fazed investors enough to trigger strong rallies, but Saudi Arabia and Iran? That’s another story. “Most of the political risk has been smaller-scale,” Michael Lynch, president of......

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November 10, 2017

ABB Appoints Jessica Mitchell as Head of Investor Relations

(AETOS Wire)--ABB announced today that Jessica Mitchell has been appointed Head of Investor Relations effective November 15, 2017, reporting to the company’s Chief Financial Officer, Timo J. Ihamuotila. She succeeds Alanna Abrahamson, who has"...

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