Archive | Oil & Gas

AMEC talks to Libya on oil, reconstruction

 British engineering firm AMEC is ready to move workers back into Libya as its new rulers attempt to restore oil production and rebuild the conflict-torn country’s infrastructure, AMEC’s chief executive said. Foreign firms evacuated expatriate employees from the north African country as it descended into civil war in late February. The end of fighting last […]

Heritage Oil strikes $20m Libya deal

Heritage Oil, the FTSE 250 oil and gas explorer, has made a push into Libya in the hope of winning oil and gas licences when they are distributed by the new regime. The group on Tuesday announced that it had bought a 51 per cent stake in a small Libyan oilfield service provider called Sahara […]