Tag Archives | Ponticelli

Weighing the Odds in Libya

By Padraig O'Hannelly. Today's comments from French oil major Total were decidedly bullish on the prospects of doing business in Libya, as the company committed itself to further drilling. The news follows positive signals in recent weeks from Russia's Tatneft, which is sending personnel back to Libya, presumably with the intention of eventually resuming operations […]

Ponticelli to Pull Out of Libya

French pipeline company Ponticelli to pull out of Libya because of insecurity, according to a report from UPI. Libya Herald says the company pulled out the last of its 43 employees working at the Mabrouk field in the Sirte Basin at the end of March. It has been a subcontractor for Mabruk Oil, the joint […]