The fifth annual global safety and competence conference will be opened by the Minister of Energy for the United Arab of Emirates, Suhail Mohamed Al Mazrouei.
Gulf Keystone Petroleum Ltd. is sending staff back to Iraqi Kurdistan after US airstrikes eased the threat from Islamic State militants that prompted a mass evacuation of expatriate oil workers three weeks ago.
The Saudi Arabian national oil company has revealed plans to more than double its exploration efforts in order to make up a widening shortfall in global oil and gas reserves.
Brent fell for a second day amid speculation that turmoil across the Middle East will not threaten crude supplies.
Occidental Petroleum Corp. is in talks to sell a $3billion stake in a gas field to Abu Dhabi- owned Mubadala Development Co., Petroleum Intelligence Weekly reported, without saying where it got the information.
Iraq’s Kurdish administration may increase oil exports via Turkey fourfold to half a million barrels a day in months, according to an official with knowledge of the situation, citing improvements in pumping capacity.