Tag Archives | Exploration

Joint oil exploration proposed to Libya and Italy

A proposal made to Malta’s neighbouring countries Italy and Libya was that the solution to the continental shelf issue could be an agreement for joint exploration, Foreign Affairs Minister Tonio Borg told parliament yesterday morning. Dr Borg, who was speaking during the debate on the budget estimates for the Foreign Affairs Ministry, said Malta had […]

Malta makes proposal to Libya and Italy on continental shelf issue

Malta has made a proposal to Libya and Italy as a possible solution to the continental shelf issue, which has been pending for years, Foreign Minister Tonio Borg said this morning. An agreement is needed so that oil exploration can take place. Speaking in Parliament during the budget debate on the financial estimates of the […]

Conoco earnings fall on Libyan instability

ConocoPhillips, the third-biggest US oil company by market capitalisation, reported a 16 per cent drop in third-quarter earnings, citing a range of factors, including suspended operations in Libya and offshore China. The company, which next year will split its exploration and production and its refining operations into two separate companies, on Wednesday reported earnings of […]

BP plans return to Libya oil exploration

BP Plc said on Tuesday it wanted to return to Libya and resume oil and gas exploration work, which it halted earlier this year due to the uprising against Muammar Gaddafi’s rule. London-based BP has no oil and gas production in Libya and in February was preparing for the start of exploratory drilling in western […]

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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 […]