Tag Archives | Norway

Libya Stagnant in Prosperity Index

By John Lee. Libya has made no improvement in this year’s Legatum Institute Prosperity Index, ranking in 136th place out of the 149 countries measured. The index ranks countries according to its nine pillars of prosperity: Economic Quality, Business Environment, Governance, Personal Freedom, Social Capital, Safety and Security, Education, Health and Natural Environment. Despite Libya’s […]

Ocean Installer Wins Contract at Al-Jurf Field

Norwegian-based subsea company Ocean Installer has been awarded a SURF (Subsea structures, Umbilicals, Risers and Flowlines) project at the Libyan Al Jurf oil field in the Mediterranean. The client is Mabruk Oil Operations, a joint venture between Total E&P and the Libya’s National Oil Cooperation (NOC). The work scope encompasses the replacement of a 10” […]

NOC Chairman meets Deputy Head of Statoil

Eng. Mustafa Sanalla, NOC Chairman of the Board, held a meeting with Mr. Fadel Hareeb Vice General Manager of Statoil on Sunday 18 June 2017 at NOC headquarters in Tripoli. The meeting discussed plans for production increase from El Sharara Oil Field and the relevant problems. Within the framework of mutual cooperation Mr. Fadel Hareeb, […]

Yara Books $112m Libya Impairment

Norwegian fertiliser producer Yara International is to write down the value of its Libyan plant by $112 million, due to the deteriorating security situation. In a statement, the company said: “Due to the worsening security outlook in Libya, Yara sees a high likelihood of a further deterioration in 2015 of the operating ability of the […]

Norwegian Execs Deny Corruption

Four members of Norwegian fertiliser giant Yara International’s former management team have pleaded not guilty before Oslo district court to charges of “aggravated bribery” in Libya and India. The company’s former CEO Thorleif Enger was charged alongside ex-upstream head Tor Holba, former Chief Operating Officer Daniel Clauw and ex-Chief Legal Officer Kendrick Wallace. Yara has already […]