Libya to Rebuild Army

View Videos sort by date sort by channel
Page

News Releases

News Releases
Libya to Rebuild Army
Released:  11/02/20142014-02-11
Word count:  511

Shahat — Libya's interim authorities say they are making efforts to bolster the military and build a professional army.

All Africa
The most important of these efforts are represented in sending batches of new conscripts, current soldiers and former fighters against Kadhafi's forces overseas to receive military training. "There are about 400 trainees in Turkey, and we'll send 400 more in the coming days to Italy," interim Prime Minister Ali Zidan said January 8th. "Turkey will take about 3,000 trainees, Britain will start with 400, to be raised to 2,000. We've also prepared 10 camps across the country to absorb those trainees." "There are currently 5,000 army trainees overseas, not to mention those recently sent to Italy, Turkey and Britain," he added. "They include officers and non-commissioned officers, sent to Pakistan, the Gulf, Morocco, Algeria, Italy, Germany, Britain, the United States and other world countries for training."

Libyan troops will also be sent to southern Europe to be trained by US troops as early as this summer. As many as 8,000 Libyan soldiers will take part in a 24-week training programme. The day after Zidan's statements, a batch of 400 officers, non-commissioned officers and soldiers from an infantry battalion departed from Mitiga airport on their way to Italy to attend a training course lasting for three or four months as part of a programme to integrate former revolutionaries and rebuild the Libyan army.

Libyans, meanwhile, are urging Tripoli authorities to quickly bolster military forces in order to put an end to the relentless bombings and assassinations. "I have big questions about the slowness and failure to build the Libyan army, three years since liberation," political activist Nadia Jaaoda said.

"Events taking place now, including wars, conflicts, kidnappings and assassinations, indicate that there is no security, and show indifference and lack of desire to build the army," she told Magharebia. There is no hope "about building a state without first building the army", according to Jaaoda. "Building the army must not be arbitrary, but according to a clear plan and a comprehensive strategy, specifying the number of personnel in the army to be built, and determining whether it's going to be a defensive or offensive army," she continued.

She backed the idea of seeking international expertise, "to have a strategic ally that can help build the army". "We don't want our army to be just a soldier carrying a weapon and standing opposite a camp; rather, we want it to be a developed and educated soldier who can deal well with technology," the political activist concluded. Adel Elhasy is a former field commander of the Free Libyans Brigade. He disbanded the group following the GNC election in July 2012 and handed its weapons to the state. Now he recommends training those fighters in discipline, order and competency.

But according to Elhasy, groups with their own agendas, such as the "Libya Revolutionary Chamber", have impeded the building of an army. "All those are trying to form new entities under new names, such as the national guards, so they can have the deterrent military force in their hands," he told Magharebia.

These groups "won't accept a professional army with a correct doctrine, with army officers who joined the front and real revolutionaries forming its nucleus".
Comments:

Oil & Gas News

Oil & Gas News
Released:  12/09/20142014-09-12
Word count:  178

VIENNA, Sept. 10 (UPI) -- More barrels of oil on the global market in part because of Libya are keeping oil prices lower, the Organization of Petroleum Exporting Countries said.

Play
UPI
OPEC said in its monthly market report for September crude oil production from the 12 members of the cartel increased by 231,000 barrels per day last month to average 30.35 million bpd.

Iraq and Saudi Arabia were the only two member states to post a decline in oil production since the last monthly market report. Libya, meanwhile, posted in the highest gains in terms of percent.

Libya in August produced an average 538,000 bpd, a 26.5 percent increase from July and more than twice what it produced in June.

"An agreement to open some Libyan ports and resume exports of crude made additional barrels available on the global market and applied downward pressure on light sweet crude oil prices," OPEC said in a report published Wednesday.

The Libyan government brokered a deal in April with eastern rebel leaders to re-open oil export terminals. An eight-month blockade from rebels seeking more autonomy for the region known as Cyrenaica had cut Libya's oil export potential dramatically.

Last week, Libya's National Oil Co. said production has topped the August level reported by OPEC to reach 700,000 bpd.

Comments:

News Releases

News Releases

Mellitah Oil &Gas Tender Number 768 : Tender for Telecommunications service via satellite (V-SAT) for all company sites.

Play
NOC

Mellitah Oil &Gas B.V. Company (Oil Division) ,intends to issue the below tender and wish to invite for pre-qualification interested, experienced and reputable Companies specialized in providing similar services stated below to submit full electronic file including all requirements for inclusion in the bidders list to be  invited to participate in the following tender:

Tender Number  768

Tender forTelecommunications service via satellite (V-SAT) for all company sites.

Scope of Work

MOG – Oil Division attends to call all companies for a (V-Sat) Connectivity Bidder to the minimum requirements for the functional, Technical, Performance and Operational requirements of MOG Back up interconnectivity through VSAT operating in Ku band on Rental basis for Communications between the following Company Locations:-

  • Company Tripoli HQ office  (Dahra)            
  • Company Benghazi Office                           
  • A/100 abu-attifel Field                                  
  • Bouri Field                                                    
  • El-Feel Field                                                  

 

Company intention is to protect LAN/WAN interconnections for voice and data Connectivity using VSAT links in case of failure of the main links interconnecting MOG- Oil Division sites.  

Mellitah Oil and Gas B.V. – Oil Division invites qualified service providers to submit their Pre-qualificationdocuments for the provision of the requested end to end managed service and maintenance of the proposed solution for the Company.

The Contractor shallalso, adheres to all of the Mellitah company for oil and gas standards, government regulations and industry practices where applicable.

QUALIFICATION REQUIREMENTS

 

Interested companies for the above tender must satisfythe  minimum requirementsand submit the required information below. Failure to submit any of the under listed documents will render automatic disqualification

  1. The bidders must be registered in Libya and have valid licenses.
  2. Experience of similar contracts and references in Libya and worldwide ( List of clients and project details).
  3. Financial Status documents and for 5year’s turnover.
  4. . Letter on Company's letterhead Addressedto the "Contract Department Manager (Oil Division)" stating expression of interest on the respective tender.

Valid copy of Company Registration in Libya, if already registered, or details of Branch Office, Representative or Agent in Libya and Tax department declaration.

  1. Any additional information that will enhance the potential of the applicant /consortium.
  2. Two copies of the Prequalification Documents containing the above stated requirements shall be submitted in envelopes marked:

Tender Number  768

Tender forTelecommunications service via satellite (V-SAT) for all company site

Addressed to the " Contracts Department Manager  Oil Division"to the following address:

Mellitah Oil & Gas Company

Dahra Kebira Street, P.O. Box 346,

Tripoli-Libya

 

Or to the following E-mail address:

 

PRE-Q@Mellitahog.ly

1-The prequalification documents shall be submitted not later than  23/9/2014

2-Company has the right to exclude any file does not meet the above stipulated requirements.

Important Notes:

  • Companies are required to submit the documents mentioned above.

  Letter on Company's letterhead addressed to the "Contracts Department Manager (Oil Division)" expressing interest on the respective tender.

2-The pre‑qualification request is not an invitation to tender. Company is neither committed nor obligated to undertake the work described above or to issue any call for tender or to include any respondent to this invitation or other company on any Bidders List or to award any form of contract.

3-The Invitation to Tender (ITT) and full ITT Package will only be issued to qualified companies that have been pre-qualified.

4- Company will not be responsible for whatsoever costs incurred for preparation and submission presented in response to this notice.

5- Company shall deal only with authorized officers of the bidding companies and not through individuals or agents.

6- Company shall not consider any pre-qualification request if not all the Conditions been provided as per resolution (207),2012 from the economic minister .

Comments:

News Releases

News Releases
Released:  11/09/20142014-09-11
Word count:  212

Tripoli (AFP) - Libya said Wednesday it expects oil production to reach 1.5 million barrels per day by year-end, with output quadrupled since the beginning of the summer despite ongoing chaos in the country.

Play
Yahoo news
"We will continue advancing," National Oil Co spokesman Mohamed al-Hrari said.

Production had reached 810,000 bpd by Wednesday, compared with 550,000 at the end of August and 200,000 at the beginning of the summer, he said.

The next target is one million bpd by the end of September.

Prime Minister Abdullah al-Thani, speaking in Abu Dhabi, confirmed the trend, saying the one million barrel figure would be reached in October, without giving a precise date.

Libya's economy took a heavy hit after rebels blockaded export terminals in July 2013, forcing a reduction in output and slashing all-important oil revenues. The seizure of four terminals in pursuit of a campaign for restored autonomy for the eastern Cyrenaica region slashed output from 1.5 million bpd to just 200,000.

Under a deal with the government, the rebels returned control of two terminals in April and the remaining two in July.

Since then, output and exports have soared, despite unrest rocking a country that never regained stability following the 2011 ouster of long-time dictator Moamer Kadhafi.

The internationally recognised government, now operating from the eastern city of Tobruk, has lost control of the capital Tripoli and second city Benghazi to militias. Among the latter are Islamists who reject the outcome of elections they lost in June and who have formed a rival government.  
Comments:

Oil & Gas News

Oil & Gas News
Released:  10/09/20142014-09-10
Word count:  291

MOSCOW, September 9 (RIA Novosti) – Oil prices slump as the geopolitical tensions in Ukraine and the Middle East ease and Libya increases crude oil production.

Play
RIA Novosti
"Investors moved into oil in June looking for a hedge against the uncertainty generated by the advance of Isis in Iraq and fears of an oil price spike negatively impacting other asset classes like equities," Financial Times reported Harry Tchilinguirian, global head of commodity markets strategy at BNP Paribas, as saying Monday. "But this unravelled when production remained intact. The return of Libyan production has really helped to move the price lower and has extended the deleveraging process out of oil," he added. October contracts for Brent crude oil fell below the symbolically important $100 threshold Monday to an intraday low of $99.36 a barrel – the lowest since May 2013. Currently it is trading at about $100.08 a barrel, according to Bloomberg.

Underlying the fall are abating geopolitical upheavals and the gradual increase in Libyan supplies. In addition, an excess of oil in the Atlantic Basin and the North Sea has compounded the effects of greater North American production.

"I suspect oil cannot fall further than $90 a barrel," USA Today quoted Wells Fargo Advisors investment strategist Paul Christopher as saying Monday. "Saudi Arabia and other OPEC members will start cutting production if oil continues to fall like this."

Nevertheless, analysts note that the current sentiment may easily shift if geopolitical tensions flare up again and increase the risk of supply disruptions.

The Libyan 340,000 barrels per day El Sharara oilfield resumed operations in mid-July after protesters ended a four month strike. Restart of the oilfield may double the country"s previously humble crude output. According to the authorities" data, crude oil output reached the level of 207 thousand barrels Monday in comparison with 60 thousand Saturday. Some experts say increase in Libyan output may prompt other OPEC members to cut their production in order to maintain price stability.
Comments:

News Releases

News Releases
Released:  10/09/20142014-09-10
Word count:  66

Libya's oil output rises to 740,000 bpd - NOC

Play
Yahoo news
BENGHAZI, Libya, Sept 8 (Reuters) - Libya's oil output has risen to 740,000 barrels a day, spokesman for state-run National Oil Corp (NOC) said on Monday.

The OPEC member had last put production at 725,000 bpd. Output has been driven by several oil ports reopening after the end of protests by a rebel group demanding regional autonomy.

(Reporting by Feras Bosalum; Writing by Ulf Laessing, editing by David Evans)
Comments:

News Releases

News Releases
Released:  09/09/20142014-09-09
Word count:  507

Brent crude fell below $100 a barrel for the first time since June 2013 as a slowdown in imports into China reinforced signs of surplus supply. West Texas Intermediate dropped to the lowest in almost eight months.

Play
Bloomberg
The global benchmark slipped as much as $1.10 a barrel in London as China’s purchases declined 2.4 percent in August, compared with a 1.6 percent drop in July, according to the Beijing-based customs administration. Libya hopes OPEC will act to curb further price declines, said a spokesman for state-run National Oil Corp.

“Demand fears will take some time to dissipate,” Andrey Kryuchenkov, an analyst at VTB Capital in London, said by e-mail. “China’s slowing imports this morning did not help lift these concerns. The Atlantic basin supply glut is still in place.”

Brent for October settlement traded 80 cents lower at $100.02 a barrel on the London-based ICE Futures Europe exchange at 1:16 p.m. local time. It traded earlier at $99.72 a barrel, the lowest since June 24, 2013. The European benchmark was at a premium of $7.60 to WTI. It closed at $7.53 on Sept. 5.

WTI for October delivery lost as much as 95 cents, or 1 percent, to $92.34 a barrel in electronic trading on the New York Mercantile Exchange, the lowest since Jan. 14.

Property Slump

Oil markets in the U.S. and Europe face a glut amid constrained consumption and the recovery of supplies from Libya, according to the International Energy Agency, the Paris-based adviser to 29 nations.

Growth in China, the world’s second-biggest oil consumer, will drop to 7.4 percent this year, the weakest pace since 1990, according to economist estimates compiled by Bloomberg. It will slide to 7.2 percent in 2015.

The nation’s imports fell for a second month as a property slump hurt domestic demand. The trade surplus climbed to a record of $49.8 billion in August as exports rose on the back of increased shipments to the U.S. and Europe.

Money managers reduced net-long positions in West Texas Intermediate futures in the seven days to Sept. 2, data from the U.S. Commodity Futures Trading Commission showed. Bullish bets on Brent crude dropped to the lowest in 2 years.

Libyan Supply

Libya, holder of Africa’s biggest crude reserves, is pumping 740,000 barrels a day, National Oil Corp. spokesman Mohamed Elharari said by phone from Tripoli. That compares with a monthly average of 400,000 a day in July.

“The price decline comes as Libya is trying to reenter the market,” Elharari said. “It is important that fellow OPEC states like Saudi Arabia take measures to preserve the price of the barrel.” Brent’s decline below $100 will probably trigger further losses because prices are currently more sensitive to bearish news and disregard threats to supply across the Middle East and North Africa, according to Commerzbank AG.

“The market appears at present to be deaf in one ear,” Carsten Fritsch, a Frankfurt-based analyst at the bank, said in a report. “The price slide is also speculatively driven to a major extent. We see little justification for the massive increase in pessimism in view of the many geopolitical risks to the supply of oil.”

To contact the reporter on this story: Grant Smith in London at gsmith52@bloomberg.net

To contact the editors responsible for this story: Alaric Nightingale at anightingal1@bloomberg.net Rachel Graham, James Herron
Comments:

Oil & Gas News

Oil & Gas News
Released:  08/09/20142014-09-08
Word count:  210

On behalf of the Organization Committee we are proud to invite you to attend the “The Thirteen Mediterranean Petroleum Conference and Exhibition” (MPC2014) which will be held in Radisson Blu Sisli Hotel in Istanbul Turkey between October 14th to October 16th, 2014.

Play
mpc-2014
The International Energy Foundation (IEF) under the Libyan Ministry of Oil & Gas and the National Oil Corporation of Libya (NOC) patronage since 1991 has been organizing biennially the Mediterranean Petroleum Conference and Exhibition (MPC) which is a specialized forum in oil and gas industry in the region. The MPC2014 is co-chaired with the International Congress on Fracture (ICF). The event will be sponsored by international companies and institutions including Baker Hughes, Schlumberger, Halliburton, Weatherford, OMV, Blade Energy Partners, TOTAL E&P, UNDP, EGA, PEI, University of Tripoli, Wintershall, REPSOL-Libya, LPI and others.

MPC2014 conference will provide the opportunities for the exchange of professional expertise and the transfer of technology through interaction between energy researchers and industrial representatives from all over the world. Experts and authors will gather in Istanbul to address different technical issues related to improving oil and gas operations. MPC2014 exhibition also will provide a window of opportunity for industry experts, researchers and others to present their new technological advancements in the oil and gas sector and to establish collaboration, key contacts with their counterparts from the Mediterranean region and elsewhere.

We look forward to seeing you all Istanbul.

Dr. M.A Muntasser, IEF President & Conference Chairman)

Dr. M. Elboujdaini, Ph.D., ICF-IQ-Chair & Conference Co-chair

http://www.mpc-2014.com/
Comments:

Oil & Gas News

Oil & Gas News
Released:  08/09/20142014-09-08
Word count:  182

Italian utility Edison confirmed Thursday to Platts that the second round of renegotiations for its contract with Italy's Eni to import some 4 billion cubic meters/year of Libyan gas to the Italian market is still ongoing.

Play
Platts
Edison said last week it had successfully renegotiated the price of its gas import contract with Promgas, Gazprom's subsidiary in Italy.

It said this would have an estimated positive impact on its 2014 EBITDA of Eur80 million.

Edison's press office told Platts Thursday that both sets of discussions are part of a second round of renegotiations of its supply contracts related to 2014 and "previous years", without giving further details on the period under renegotiation. An initial renegotiation of Edison's contract with Eni for Libyan gas supplies was concluded in 2012.

The press office said it didn't want to comment on whether price, volumes or both aspects are subject to the current renegotiations.

When contacted by Platts, Eni wasn't immediately available to comment.

Edison's press office added that a second round of renegotiations of its supply contracts with Qatar's Rasgas and Algeria's Sonatrach had successfully been concluded this year, without giving further details on the contracts.

It said that, meanwhile, its supply contract with Eni for importing Norwegian gas has expired.

--Beatrice Bedeschi, beatrice.bedeschi@platts.com --Edited by James Leech, james.leech@platts.com  
Comments:

News Releases

News Releases
Released:  05/09/20142014-09-05
Word count:  189

Malta-based oil logistics firm Medserv has said that operations at its Misurata base continue, but at a very low level.

Play
Libya business news
According to a report from Malta Independent, work has also commenced on one of the two offshore contracts announced earlier this year relating to drilling offshore Libya, and the other is due to start in the fourth quarter of this year.

The company remains confident that it will be awarded the offshore maintenance contract referred to in the Chairman’s report for 2013, and attributes the delay to the difficulty in obtaining all the necessary signatures to the contract due to the present difficulties in Libya.

Commenting about the current situation in Libya, Anthony Diacono, Chairman of Medserv, said: “Whilst the situation on the ground is difficult and we continue to support our Libyan colleagues to the best of our ability, the state of affairs in Libya at the moment has had little further impact on our business performance, due to the fact that our involvement with International Oil Companies operating in Libya is related to offshore activity.

“Offshore work continues and is important to Libya itself. We are currently supporting operations from Malta and are receiving all the support necessary from the Libyan Authorities when required.”

(Source: Malta Independent)
Comments:

Oil & Gas News

Oil & Gas News
Released:  05/09/20142014-09-05
Word count:  70

Libya's al-Waha Oil Co producing 91,000 bpd

Play
Reuters
TRIPOLI, Sept 4 (Reuters) - Libya's al-Waha Oil Company feeding the eastern Es Sider export port is producing around 91,000 barrels a day, company spokesman Mohamed Hitab said on Thursday.

The oil grade will be exported through the Es Sider terminal, the country's largest export terminal, which has reopened after being closed for a year due to protests and maintenance.

(Reporting by Feras Bosalum; Writing by Ulf Laessing; Editing by Mark Potter)
Comments:

News Releases

News Releases
Released:  04/09/20142014-09-04
Word count:  281

Johannesburg (AFP) - Africa's energy industry could boom in the coming years, with Mozambique and Tanzania set to emerge as new frontiers if they can attract enough badly needed investment, a report said Wednesday.

Play
Yahoo news
Six of the top 10 global discoveries in 2013 were made in Africa, with more than 500 companies now exploring across to the continent, according to a study by PriceWaterhouseCoopers.

Large gas finds in Mozambique and Tanzania would make the world "take note of east Africa as an emerging player in the global industry," said the report's advisory leader, Chris Bredenhann. The boom has brought investment opportunities, despite the lingering challenges of corruption, lack of infrastructure and regulation.

Transactions worth some $1 billion (760 million euros) occurred every 17 days in Africa's oil and sector last year, the report said.

Still, the continent faces fierce competition for vital investment from other parts of the world, the PWC report cautioned.

"A huge obstacle to growth in Tanzania and Mozambique is the cost of the infrastructure required, which neither country can afford without help from foreign investors," it said.

Nearly nine million barrels of crude were produced every day in 2013, more than 80 percent of which came from established players such as Nigeria, Libya, Algeria, Egypt and Angola.

In gas that is even more concentrated, with nine tenths of annual natural gas production of 6.5 trillion cubic feet coming from Nigeria, Libya, Algeria and Egypt.

Still, Mozambique could become a major player in the Asian market on a par with Australia, the United States and Papua New Guinea when it starts exporting gas, expected in 2020, the report said. Already majors such as Eni, Chevron and BP have invested in its gas fields, some of the largest discovered in the past decade.

Demand for oil in Africa was also expected to "rise significantly" over the next 20 years, driven by population growth, urbanisation and the emergence of a middle class, the report said.  
Comments:

Oil & Gas News

Oil & Gas News
Released:  04/09/20142014-09-04
Word count:  69

Libya's oil output rises to 7,25,000 bpd from 7,00,000

Play
The Hindu business line
Cairo, Sept 3: Libya's oil production has risen to 7,25,000 barrels per day (bpd) from 7,00,000 bpd previously, the state-run National Oil Corp (NOC) said on Wednesday.

The OPEC member's output has risen steadily as major oil ports in the east reopened after a deal between the government and a group of rebels, though risks to production remain given political unrest and lawlessness in the country.

(This article was published on September 3, 2014)
Comments:

Construction News

Construction News Business News
Released:  03/09/20142014-09-03
Word count:  137

The US-based Corporate Council on Africa will host the US-Africa Infrastructure Conference on 7-9 October in Washington DC, according to a statement made available to PANA in New York on Monday.

Play
African manager
The statement said that the conference, with the theme: "Building Resilient Cities", would highlight how major cities in Africa were coping with rapid urbanization and the needs for a steadily growing middle class.

It noted that during the conference, various sessions would offer solutions for potable water, intermodal transportation, communication technology, and on- and off-grid electricity for the growth and development of African cities.

It said that participants would be drawn from US and African governments and businesses involved in infrastructure, power, water and ICT, as well as financiers looking for bankable projects in Africa.

The CCA is a nonprofit, membership-based organisation established in 1993 to promote business and investment between the US and African countries, and it has members in more than 170 US companies, which represent nearly 85 per cent of total US private sector investments in Africa.  
Comments:

I have a provider who is ready, willing and able of delivering banking instruments (BG/SBLC) for lease which can be used in all forms of projects. Our bank instrument can be used as collateral to seek for loans from different banks of choice and can be used to engage into ppp trading.

For contacting purpose:

Contact : Mr. Sorin Lassmann Email: providermandate.ls@gmail.com Skype ID: ls.nicu

Sorin Lassmann
1 week ago

Oil & Gas News

Oil & Gas News
Released:  03/09/20142014-09-03
Word count:  150

TRIPOLI, Libya, Sept. 2 (UPI) -- Though the country is facing one of its toughest post-war challenges, Libyan oil production continues to gain traction, a state energy company said.

Play
UPI
Libya's National Oil Corp. said oil production is the highest it's been in more than a year. "Libyan oil production is 700,000 barrels per day," the NOC said.

The Libyan government brokered a deal in April with eastern rebel leaders to re-open oil export terminals. An eight-month blockade from rebels seeking more autonomy for the region known as Cyrenaica had cut Libya's oil export potential dramatically.

Libya since the end of civil war in 2011 has struggled to maintain a stable level of oil production. Early 2014 output had been limited to around 250,000 bpd.

The Organization of Petroleum Exporting Countries said production in July, the last full month for which data are available, was close to 450,000 bpd and more than double the June level.

The production increase comes as a new government sought refuge in eastern Libya and Tripoli fell into the hands of rival militias.

Follow @dan_graeber and @UPI on Twitter.
Comments:

I have a provider who is ready, willing and able of delivering banking instruments (BG/SBLC) for lease which can be used in all forms of projects. Our bank instrument can be used as collateral to seek for loans from different banks of choice and can be used to engage into ppp trading.

For contacting purpose:

Contact : Mr. Sorin Lassmann Email: providermandate.ls@gmail.com Skype ID: ls.nicu

Sorin Lassmann
1 week ago

Oil & Gas News

Oil & Gas News
Released:  02/09/20142014-09-02
Word count:  336

Nearly 18 months after the In Amenas attack, Statoil and the joint venture partners are ready to resume ordinary operations at the plant

Play
Oil and gas technology
“The decision to resume ordinary operations also at In Amenas is the result of a thorough and stepwise process of identifying necessary security measures, implementing them and validating that they are in place and operational,” said Lars Christian Bacher, executive vice president for Development and Production International (DPI) at Statoil.

The corporate executive committee has decided that ordinary rotation is to be resumed at the plant as all defined security measures have been implemented.

In June, the corporate executive committee approved the return of temporary manning to the plant to finalise the implementation of the outstanding security requirements.

The goal was to verify the implementation of the last security measures and to prepare for a resumption of ordinary operation at In Amenas. During the autumn of 2013 and early in 2014 it was decided to resume ordinary operations at the other locations in Algeria.

Since the In Amenas attack, Statoil has worked systematically with its partners in Algeria with the aim of resuming ordinary operations in Algeria. The security improvements at In Amenas are also based on recommendations of the investigation conducted after the attack.

In parallel with this work, the company has carried out a continuous and comprehensive improvement effort to enhance the general security work in Statoil. The goal of this programme is to achieve considerable improvements both with regard to awareness, organisation, systems and use of resources.

Through the security improvement effort at the Algeria plants the joint venture has introduced physical security measures at all operating plants.

The security work, both in Statoil and in the joint venture, has furthermore been reorganised, and the dialogue with Algerian authorities on securing of the plants has been improved. Algerian authorities have also initiated and introduced security measures beyond those implemented by the joint venture.

“We will now, in cooperation with our partners, continue our systematic work to maintain the high level of the security measures, to ensure that we have a good understanding of the security threats and adjust our security measures as required,” continues Bacher.  
Comments:

I have a provider who is ready, willing and able of delivering banking instruments (BG/SBLC) for lease which can be used in all forms of projects. Our bank instrument can be used as collateral to seek for loans from different banks of choice and can be used to engage into ppp trading.

For contacting purpose:

Contact : Mr. Sorin Lassmann Email: providermandate.ls@gmail.com Skype ID: ls.nicu

Sorin Lassmann
1 week ago

Oil & Gas News

Oil & Gas News
Released:  01/09/20142014-09-01
Word count:  73

Libya oil production rises to 700,000 barrels per day -state oil firm

Play
Reuters
TRIPOLI Aug 31 (Reuters) - Libya's oil production has risen to 700,000 barrels per day, a spokesman for state-run National Oil Corp (NOC) said on Sunday.

The OPEC member's output has risen steadily in the past few weeks as major oil ports in the east have reopened after a deal between the government and a group of rebels who had closed them before.

(Reporting by Feras Bosalum; Writing by Ulf Laessing; Editing by Hugh Lawson)  
Comments:

I have a provider who is ready, willing and able of delivering banking instruments (BG/SBLC) for lease which can be used in all forms of projects. Our bank instrument can be used as collateral to seek for loans from different banks of choice and can be used to engage into ppp trading.

For contacting purpose:

Contact : Mr. Sorin Lassmann Email: providermandate.ls@gmail.com Skype ID: ls.nicu

Sorin Lassmann
1 week ago

Oil & Gas News

Oil & Gas News
Released:  29/08/20142014-08-29
Word count:  382

LONDON: Brent crude oil fell towards $102 a barrel on Thursday, depressed by ample supply and lacklustre demand as global economic growth remains tepid.

Play
Business recorder
Oil supply is expected to exceed demand this year, analysts forecast, and crude oil benchmarks on both sides of the Atlantic Basin are on track to post a second monthly decline.

"It looks like there is crude everywhere," said Tony Nunan, a risk manager at Mitsubishi Corp. "There's just too much supply and we've had terrible demand." ABN AMRO Bank senior energy economist Hans van Cleef agreed, saying oil for delivery in the near term was "down as a result of weak demand and oversupply":

"The market should price in lower oil prices in the near term," van Cleef said. October Brent crude was down 25 cents at $102.47 a barrel by 0800 GMT. Last week, the contract hit a 14-month intraday low of $101.07 and it has been unable this week to break out of the $102-$103 range.

US crude slipped after news of the fire at BP's largest refinery in the United States. The October contract was last down 40 cents at $93.48 a barrel.

BP Plc said on Thursday its refinery at Whiting, Indiana, was still operating following a blaze the night before that had minimal impact on production. OECD oil inventories rose sharply in the second quarter, while tit-for-tat sanctions between the European Union and Russia have curbed growth in Europe, Nunan said.

Hopes that the presidents of Russia and Ukraine could reach a ceasefire deal dimmed after Ukraine accused Russia of launching a new military incursion across its eastern border on Wednesday.

Oil futures were little changed in the previous session following a neutral inventories report from the United States, while investors looked ahead to economic data to gauge the outlook for demand in the world's largest oil consumer.

US crude stocks fell 2.1 million barrels last week, more than expected as refineries processed more, but inventories at the Cushing, Oklahoma hub rose 508,000 barrels, data from the Energy Information Administration showed on Wednesday.

Political instability in Iraq and Libya continued to weigh on investors' minds even though oil exports from the two countries have actually risen in recent months.

Analysts have warned that a comeback by Libya's oil industry may be short-lived as armed groups and two parliaments fight for control of the North African country.

An Islamist insurgency in Iraq threatens to derail long-term oil output plans set by OPEC's second largest producer.  
Comments:

GENUINE BANK GUARANTEE (BG) AND STANDBY LETTER OF CREDIT (SBLC) FOR LEASE AT THE LOWEST RATES AVAILABLE. OTHER FINANCIAL INSTRUMENTS SUCH AS MTN, CD, DLC, PB ARE ALSO AVAILABLE.

We offer certifiable and verifiable bank instruments via Swift Transmission from a genuine provider capable of taking up time bound transactions.

Contact : Mr. Sorin Lassmann Email: providermandate.ls@gmail.com Skype ID: ls.nicu

Email me for procedure and terms.

Sorin Lassmann
2 weeks ago

Oil & Gas News

Oil & Gas News
Released:  28/08/20142014-08-28
Word count:  214

Wintershall AG, the oil and gas unit of German chemical group BASF SE (BAS), said a lack of infrastructure is the only thing holding it back from resuming onshore oil production at full capacity in Libya.

Play
Bloomberg
“We’re ready to start production almost any day,” Martin Bachmann, Wintershall’s executive director for exploration and production, told reporters today in Stavanger, on Norway’s west coast. “What we lack is the export infrastructure. One day it’s the harbors which are occupied; when they’re open, the pipelines aren’t available.”

Wintershall is waiting for Libya’s national oil company to confirm that the infrastructure is ready, he said. Production could then increase “fairly fast” to the pre-stoppage capacity of almost 100,000 barrels of oil a day, Bachmann said.

Libya has spiraled into chaos as rival militias fought for power since the ouster of strongman Muammar Qaddafi in 2011. Wintershall’s onshore crude production was shut down in the summer of 2013 because of unrest, which blocked ports and other transport infrastructure, including pipelines.

The company said its operations and plans in Russia haven’t been affected by European Union and U.S. sanctions.

“There has been a negative spiral of sanctions, and I think we need to break that spiral,” Bachmann said. “There is no alternative to dialogue and cooperation.”

To contact the reporter on this story: Mikael Holter in Oslo at mholter2@bloomberg.net

To contact the editors responsible for this story: Will Kennedy at wkennedy3@bloomberg.net Indranil Ghosh, Alastair Reed
Comments:

GENUINE BANK GUARANTEE (BG) AND STANDBY LETTER OF CREDIT (SBLC) FOR LEASE AT THE LOWEST RATES AVAILABLE. OTHER FINANCIAL INSTRUMENTS SUCH AS MTN, CD, DLC, PB ARE ALSO AVAILABLE.

We offer certifiable and verifiable bank instruments via Swift Transmission from a genuine provider capable of taking up time bound transactions.

Contact : Mr. Sorin Lassmann Email: providermandate.ls@gmail.com Skype ID: ls.nicu

Email me for procedure and terms.

Sorin Lassmann
2 weeks ago

Oil & Gas News

Oil & Gas News
Released:  28/08/20142014-08-28
Word count:  459

NEW YORK, Aug 26 (Reuters) - U.S. crude rose on Tuesday as supportive U.S. economic data overshadowed concerns about slowed growth in other oil consuming economies and ample global oil supplies.

Play
Reuters
Brent crude futures settled lower and both U.S. and Brent finished off session peaks. U.S. crude drew support from government data showing durable goods orders jumped 22.6 percent in July, the biggest monthly gain on record. Also, the Conference Board, an industry group, reported that consumer confidence rose more than expected in August to its highest level since October 2007.

Brent crude fell 15 cents to settle at $102.50 a barrel, after reaching $103.40 during the session. U.S. crude rose 51 cents to settle at $93.86 a barrel, after failing to push through resistance in the area of the session peak at $94.35 a barrel, analysts said.

"We hit major resistance as the dollar got a little stronger. It's a rangebound trade with no real resistance" to the downside, said Bill Baruch, senior market strategist at iitrader.com in Chicago.

Brent and U.S. crude are on pace for a second straight monthly decline in August, as slow growth in China and Europe curbs demand for oil and led to a supply glut in the Atlantic Basin, offsetting the impact on prices from world political tensions.

Investors have unwound a global political risk premium in Brent, discounting the possibility of supply disruption despite conflicts in Iraq, Libya and Ukraine.

Barclays analysts said in a note that oil output was picking up from OPEC countries most likely to face supply bottlenecks such as Iran, Libya, Iraq and Nigeria.

Disrupted supply from these countries totalled less than 400,000 barrels per day in July, down from 1.6 million bpd in September last year, they said. Libya's oil production has been increasing in the past few weeks despite a split between an Islamist faction in Tripoli and the newly elected parliament, following air strikes attributed to Egypt and the United Arab Emirates.

Brent's premium to U.S. crude CL-LCO1=R ended at $8.64 a barrel on Tuesday, after reaching $9.35 intraday. On Monday the spread widened to $9.41, the widest in more than two months, on news of a pipeline oil flow switch that will send more crude to the U.S. oil contract's delivery point in Cushing, Oklahoma.

U.S. crude and gasoline stockpiles fell by 1.3 million barrels last week, in line with analysts' expectations, while distillate stocks built by 2.4 million barrels, data from industry group the American Petroleum Institute showed on Tuesday.

Investors will scour weekly U.S. government oil inventory data on Wednesday for further indications on supply and demand in the world's largest oil consumer.

U.S. commercial crude oil inventories are forecast to have fallen 1.3 million barrels last week, with refined product stockpiles also down, an expanded Reuters survey showed on Tuesday.

(Additional reporting by Robert Gibbons in New York, Julia Payne in London and Florence Tan in Singapore; Editing by Himani Sarkar, Jane Baird and Jan Paschal)  
Comments:

GENUINE BANK GUARANTEE (BG) AND STANDBY LETTER OF CREDIT (SBLC) FOR LEASE AT THE LOWEST RATES AVAILABLE. OTHER FINANCIAL INSTRUMENTS SUCH AS MTN, CD, DLC, PB ARE ALSO AVAILABLE.

We offer certifiable and verifiable bank instruments via Swift Transmission from a genuine provider capable of taking up time bound transactions.

Contact : Mr. Sorin Lassmann Email: providermandate.ls@gmail.com Skype ID: ls.nicu

Email me for procedure and terms.

Sorin Lassmann
2 weeks ago
Find out what contracts are on offer in Libya
Page
  • 1
  • ...
View Videos
Page
  • 1
  • ...
Share the link for
Page
  • 1
  • ...
Page
  • 1
  • ...
Page
  • 1
  • ...
View Videos
Page
  • 1
  • ...
View Videos
Page
  • 1
  • ...
View Videos
Page
  • 1
  • ...