Saudi Arabian Oil Co. is asking banks including Goldman Sachs Group Inc. and HSBC Holdings Plc to pitch for an advisory role on its initial public offering as it pushes ahead with plans for the world’s largest share sale, three people with knowledge of the matter said.
Genel Energy's chief executive said he was approaching 2017 with confidence as the firm was closer than ever to monetising oil exports from the Kurdistan Region of Iraq.
Zenith Energy has taken over operatorship of Azerbaijan's largest onshore producing oilfield.
The Kurdistan Regional Government (KRG) has paid out for the Shaikan crude oil experts.
Iran's oil minister said he was confident both OPEC and non-OPEC members would commit to the output cut deal agreed in November.
HVAC & Refrigeration Engineering, of Aberdeen said yesterday it had successfully completed a £500,000 contract to supply water chillers designed for “explosive” atmospheres.
Norwegian operator DNO said it has made an oil discovery in the Kurdistan Region of Iraq.
The National Iranian Oil Company (NIOC) is negotiating with the Philippines over exporting four million barrels of crude per month to the country.
Plexus has landed a Middle East contract worth $28,000.
Philip Hammond has embarked on a two-day New Year tour of the Gulf in a bid to strengthen economic relations with the UK’s allies in the region ahead of Brexit.
Japanese firm Inpex has signed a memorandum of understanding for the development of an Iranian oilfield in which it used to hold a stake, a news report said.
Iran qualified 29 international oil companies to bid in upcoming tenders for crude and natural gas development projects as the Persian Gulf state seeks investment in energy.
Kuwait Energy said today that it had inked a forward sale agreement with Vitol that will provide it with a financing facility of up to $100million.
North-east subsea equipment rental, sales and services firm Ashtead Technology said yesterday it had snapped up a Middle East company to grow its business in the region.
BP's field in Iraq has hit the milestone three billion barrel mark, the oil major today confirmed.
Oil giant BP PLC has agreed to an onshore oil deal with Abu Dhabi worth 2.22 billion following years of negotiations.
US president Barack Obama has unexpectedly declined to sign legislation renewing sanctions against Iran - but has let it become law anyway.
Bidding on Oman’s latest licensing round is under way, with four blocks up for grabs, the country’s oil ministry said today. The ministry is now using a digital system to enable bidders to access and evaluate information on the blocks –numbers 30, 31, 49 and 52 – over the internet.
The first LNG receiving and regasification terminal in the Middle East developed on a PPP basis, has completed limited recourse financing for the project.
Saudi Arabia signaled it’s ready to cut oil production more than expected, a surprise announcement made minutes after Russia and several non-other OPEC countries pledged to curb output next year.
Royal Dutch Shell Plc and Total SA will sign initial agreements on Wednesday to develop oil and gas fields in Iran, in the first European petroleum deals in the Persian Gulf country since sanctions eased earlier this year, an Oil Ministry official said.
The Kurdistan Regional Government (KRG) has paid out for the Shaikan crude oil export sales in September.
Shell is considering shedding it oil fields in Iraq as part of its $30billion asset divestment plan, according to industry sources.
Iraqi prime minister Haider al-Abadi has said Islamic State fighters lack the courage to put up long-term resistance in Mosul as the fight for the country’s second-largest city looks set to extend well into 2017. “We have seen the whole organisation collapsing in terms of standing in the face of our own armed forces,” Mr al-Abadi said.
Iran is assessing a proposal for a collective OPEC output cut, but hasn’t announced any commitment to reduce its own production as the group tries to end disagreements about how to share the burden of supply cuts ahead of a meeting in Vienna.