Tag Archives | Waha Oil

Marathon Oil 1Q Profit Falls 58% Following Spinoff

Marathon Oil Corp.’s first-quarter earnings fell 58% from a year-earlier period that included contributions from its former refining and marketing business, missing analysts expectations. Marathon Oil reported a profit of $417 million, or 59 cents a share, down from $996 million, or $1.39 a share, a year earlier. Excluding write-downs, asset-sale gains and other items, […]

Marathon Oil: Field Maintenance to Slow Libya Oil Output Ramp-Up

 Marathon Oil Corp. (MRO) said Wednesday production from its operations in Libya is expected to ramp-up slowly this year as oil-field maintenance remains challenging after the political unrest. “As far as Libya goes, we have purposely removed that from our (2012 production) guidance because I think you’re going to see some variability out there,” David […]

Libya’s al-Sedr oil port resumes operations: official

Libya’s al-Sedr oil port has resumed operations and will see the first oil shipment sail on Tuesday or earlier, an official from Waha Oil Co said, months after the terminal stopped running during a civil war that ended Muammar Gaddafi’s rule. “The port was damaged by the Gaddafi regime and the facilities are now operational,” […]

Newsmaker: Technocrat “oil man” takes charge of Libya lifeline

Libya’s new oil minister is seen as the right kind of technocrat, deeply experienced yet not too closely tied to the former regime of Muammar Gaddafi, to help restore the OPEC member’s economic lifeline after eight months of war. Abdulrahman Ben Yazza is in his mid-50s and brings experience from both Libya’s oil industry and […]

Libya’s Waha Set To Restart In December – Official

Waha Oil Co., the last major Libyan oil company yet to resume production, is set to pump crude again next month after a management change ended a crippling strike, an official at the company said Tuesday. Khaled Othman, a Waha Oil Co. construction supervisor and one of the strike’s leaders, said, “We will go back […]

Libya’s Waha Oil strike over as new chairman named

A strike at Libya oil producer Waha Oil, which pumped around around a quarter of pre-war output, has ended after workers’ demands for a new chairman were met, a workforce representative said on Monday. The oil and finance ministry had overturned an initial agreement to remove chairman Bashir Alashab, who workers accused of cooperating with […]

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