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Libyas Oil Output Tumbles as Armed Group Shuts Pipeline

Libya's Oil Output Tumbles as Armed Group Shuts Pipeline

Libya's oil production plunged Tuesday to its lowest level since 2011 after an armed group closed the country's largest western oilfields operated by Eni SpA and Repsol SA, deputy oil minister Omar Shakmak said.

Hyder Consulting Seeks Greek Engineers for Work in Doha, Qatar

Hyder Consulting Seeks Greek Engineers for Work in Doha, Qatar

Highly skilled engineers in Greece are being targeted by acclaimed multi-national design and engineering consultancy, Hyder Consulting, in a major recruitment drive for experienced site engineers to join its team in Doha, Qatar.

Increased Sales for Terna Energy in First Half of 2013

Increased Sales for Terna Energy in First Half of 2013

According to the financial statements of 30/06/2013, which were prepared in accordance with the International Financial Reporting Standards, the 1st half 2013 results of TERNA ENERGY S.A. are as follows:

Oil Futures Fall as Libya Resumes Exports From Brega Terminal

Oil Futures Fall as Libya Resumes Exports From Brega Terminal

Oil futures fell Monday as Libya resumed crude exports from a previously closed terminal, though traders continued to monitor the conflict in Syria for word of a potential military response by the U.S. and other Western nations.

Syria Will Defend Itself Against Any U.S.-Led Attack -Foreign Minister

Syria Will Defend Itself Against Any U.S.-Led Attack -Foreign Minister

Syria's Foreign Minister Walid al Moallem said Tuesday that his country will defend itself against any military attack led by the U.S. while challenging Western countries to provide evidence that his government used chemical weapons in a recent attack outside the capital Damascus.

Total Buys Chevrons Retail Fuel Network, Aviation Businesses in Egypt

Total Buys Chevron's Retail Fuel Network, Aviation Businesses in Egypt

Total SA (TOT) and Cairo-based Beltone Private Equity said Tuesday they have bought the Egyptian retail fuel stations and aviation businesses of Chevron Corp. (CVX), creating Total's largest marketing and services subsidiary outside of Europe.

Iraq Blames Shell For $4.6 Billion Lost Income

Iraq Blames Shell For $4.6 Billion Lost Income

Iraq's oil ministry, struggling with sputtering output, has blamed Anglo-Dutch energy giant Royal Dutch Shell PLC (RDSA.LN) over $4.6 billion in lost revenue due to production delays, in a letter seen by AFP Monday.

Siemens Installs First North Sea Offshore Wind Grid Platform

Siemens Installs First North Sea Offshore Wind Grid Platform

After a year's delay, German industrial conglomerate Siemens AG (SI) Monday said it has installed the first of four offshore wind energy grid platforms in the North Sea, a key success after the company's setbacks in the sector in recent years.

Petronas 2Q Net Profit Falls 3.5% Despite Higher Sales Volume

Petronas 2Q Net Profit Falls 3.5% Despite Higher Sales Volume

Malaysian state energy company Petroliam Nasional Bhd said Monday its net profit fell 3.5% in the second quarter from the same period a year earlier, as increased operating expenses eroded margins despite higher sales volume.

Lukoil Says Trained 170 Iraqis, to Train More Next Year

Lukoil Says Trained 170 Iraqis, to Train More Next Year

Russia's second-largest oil producer OAO Lukoil (LKOH.RS) has completed the training of some 170 Iraqis on various qualifications, including well production, oil and gas treatment, instrumental and control and mechanical engineering, the company said Monday.

Snipers in Syria Fire on UN Chemical Inspectors -UN

Snipers in Syria Fire on UN Chemical Inspectors -UN

United Nations inspectors examining the site of a suspected chemical weapons attack were fired on by unknown snipers Monday afternoon, forcing the team to retreat and violating a ceasefire agreement by rebels and the Syrian government facilitating the team's work.

Shooting Near Libyan Port Spotlights Unrest in Oil Industry

Shooting Near Libyan Port Spotlights Unrest in Oil Industry

Shots fired at an oil tanker and accusations of attempted thefts at port facilities have deepened a crisis in Libya's oil industry, triggering fears among major Western oil companies that one of Europe's largest suppliers could soon descend into lawlessness.