Fluenta said it has won a contract to supply flare gas metres to the Kuwait Oil Company (KOC).
Iran will invite international oil companies to submit bids in October under the long-awaited new contract model for energy investors, as the OPEC producer seeks billions of dollars to boost output after years of international sanctions.
Iraq's foreign ministry has called on Saudi Arabia to replace its current ambassador in Baghdad.
China Petroleum & Chemical Corp., the world’s biggest oil refiner, posted a 22 percent decline in profit for the first half of the year as oil’s collapse overpowered the boost from cheaper crude used to make fuels and chemicals.
Iran is growing frustrated that the easing of EU sanctions earlier this year has not brought more benefits, a lawyer said yesterday.
Iran's oil minister has confirmed he will attend an OPEC meeting in Algeria next month.
It's possible that OPEC is crying wolf with hints of an output freeze next month in Algiers; but it's also possible that they are ramping up production to take the sting out of a freeze. This is a delicate balancing act that the Saudis need to play very carefully.
The Saudi cabinet has reportedly agreed to enter its ministers into talks over energy cooperation agreements with China and Japan.
Thailand’s PTT Exploration and Production (PTTEP) plans to sell its Omani unit to a company based on the Arabian Peninsula as part of a rethink of its portfolio.
Iraq, OPEC’s second-biggest producer, will increase crude exports by about 5 percent in the next few days after an agreement to resume shipments from three oil fields in Kirkuk.
Saudi Arabia suggests it may be increasing its August crude output to a new all-time high as it could give it more leverage to influence the September informal talks on a possible production freeze, Reuters reported on Wednesday, citing industry sources.
DNO today revealed plan to drill new well in the Kurdistan region of Iraq after posting a second consecutive quarter of operating profits.
Gulf Marine Services (GMS) said today a contract for one of its mid-size vessels had been cancelled early by an unspecified oil company based in the Middle East and North Africa (MENA) region.
Abu Dhabi National Energy Co. bonds are outperforming regional debt just as the government-controlled utility known as Taqa considers selling more debt this year to pay off bonds.
Iraq’s parliament today hired a new oil minister as part of an overhaul aimed at tackling corruption, a news report said.
Gas Plus Khalakan (GPK) said today it is making progress developing its assets in Kurdistan.
Switzerland's highest court has ordered Israel to pay Iran around $1.1 billion plus interest in a decades-old dispute over a secretive oil pipeline company predating the 1979 Islamic revolution which made the countries enemies.
Second quarter profits were flat at Dana Gas as low oil prices hit earnings, the UAE-based energy firm said today.
Saudi Arabia and Iran are giving no ground in their market share war, just days after OPEC announced an informal meeting to discuss ways to stabilize falling prices.
Taqa’s slash and burn CAPEX strategy still resulted in a first half loss for the firm.
The Kurdistan Regional Government has paid Genel Energy and its partners $30million for oil sales during June 2016.
London-listed Gulf Marine Services (GMS) said today it had struck a new deal to supply one of its mid-size vessels to an unspecified oil company based in the Middle East and North Africa (MENA) region. GMS, an offshore vessel contractor founded in Abu Dhabi in 1977, said the agreement had kicked in immediately and would run for one year. The company, whose fleet currently comprises 14 vessels, also said another client in the same region had extended its lease on a small class vessel by a further year.
Norwegian oil and gas firm DNO has launched a $300million bid for the troubled Iraqi oil producer, Gulf Keystone Petroleum.
Iran is exploring a return to international debt markets for the first time since 2002, a senior government official said, as the Islamic Republic seeks to finance an economic recovery a year after a historic nuclear deal that offered it a route out of isolation.
Saudi Arabia’s guardianship system remains the most significant impediment to realising women’s rights in the kingdom, according to a new report.