An Aberdeen-headquartered oil field technology firm has won a new contract worth about £2.25 million to supply equipment to an unspecified operator in Saudi Arabia.
Libya’s National Oil Corporation (NOC) has reported a “catastrophic” damage at an oil terminal after an armed assault.
Oil loadings at two major terminals in Libya have been halted due to armed clashes in the area.
Italian contractor Saipem has been awarded a pipeline project in the Middle East worth about $1.3 billion.
Theresa May has discussed the Iran nuclear deal, the war in Yemen and the oil market with Saudi leader Mohammed bin Salman, Downing Street said.
Saudi Arabia will partner with Houston-based Halliburton as it hopes to unlock a natural gas revolution similar to the shale boom that began in the U.S. more than a decade ago.
Iran has signed an agreement with a British consortium to develop an oil field in the country's south, according to state TV.
Abu Dhabi National Oil Co. is looking into acquiring a stake in an Indian refinery as it plans to invest $45 billion at home to expand its Ruwais refining and petrochemicals complex.
Two oil majors have struck a deal with Oman over the development of natural gas resources in the Middle Eastern state.
Aberdeen-headquartered KCA Deutag (KCAD) has completed its £480million takeover of a rival contractor.
ARO Drilling has won four contracts from Saudi Aramco for Rowan jack-up rigs.
An event highlighting emerging opportunities in Saudi Arabia is being hosted in Aberdeen next month.
Saudi Arabian Oil Co. and Total SA are weighing jointly buying businesses such as Tas’helat Marketing Co. to gain access to networks of retail fuel stations in the Gulf kingdom, according to people with knowledge of the matter.
Offshore rig contractor Gulf Marine Services said today that it had secured a long-term contract award for one of its mid-size class vessels.
The first look at the financial guts of Saudi Aramco show a corporate cash gusher, pumping billions in profit every month and beating every other big name in global business.
Oil’s rally to $70 a barrel is threatening to clip India’s economic wings at a time when Saudi Arabia is looking to join a $30 billion refinery project in the world’s fastest growing market.
BP said today that it had sanctioned the second phase development of the giant Khazzan gas field in Oman.
OMV will buy 20% of two offshore oil fields in Abu Dhabi, the Austrian firm said. It will pay $1.5billion for the stakes in Satah Al Razboot and Umm Lulu. OMV expects to sign on the dotted line with Abu Dhabi National Oil Company by the end of this month.
Bahrain, the smallest energy producer in the Persian Gulf, discovered its biggest oil field since it started producing crude in 1932, according to the country’s official news agency.
Abu Dhabi National Oil Company (ADNOC) has awarded two contracts worth over $3.5billion (£2.4billion) to Samsung Engineering.
When oil-rich Abu Dhabi put a string of offshore fields up for auction, suitors from China to Italy vied for a slice of the pie. Surprisingly, that piece was snatched from one of the world’s largest energy conglomerates.
French energy giant Total will stump up £1.04billion for stakes in two UAE concessions.
Saudi Arabia is cutting back on its dealings with some German companies amid a diplomatic spat with its top European trading partner, according to people with knowledge of the matter.
A joint venture which was set up to develop a major maritime yard in Saudi Arabia is up and running.
Saudi Aramco’s floatation on the stock market could be delayed until 2019, according to a news report.