Saudi Arabia kept pricing for its main crude grade to Asia unchanged for a second month as the world’s largest crude exporter responds to slower seasonal demand.
OPEC likes to trumpet its record-breaking compliance with output cuts. Yet one of its largest members has been opening the taps and doesn’t plan to scale back any time soon.
Genel Energy has announced it expects its oil and gas production to fall for a third year in 2018.
Genel Energy and DNO ASA confirmed payment for the Kurdistan Regional Government.
BP agreed to help increase crude production at northern Iraq’s Kirkuk fields as part of government push to restore output and exports capacity after recapturing the oil-rich region from semi-autonomous Kurdish forces in October.
Shell has struck a deal to divest its stake in an Iraqi oilfield to Japanese firm Itochu, a news report said.
All 32 crew members on board an Iranian oil tanker that’s been burning for a week near China’s eastern coast are presumed dead, an Iranian official said.
Oil and gas drilling services firm Ades International said today that it had agreed contract extensions for three of its rigs in the Gulf of Suez.
A Fife services company has secured a £1 million contract to provide its power connectors to one of the biggest electricity and water authorities in the United Arab Emirates.
Saudi Arabian Oil Co. is set to appoint banks including Goldman Sachs Group Inc. and Citigroup Inc. to help manage its initial public offering, people familiar with the matter said, as the state-owned crude producer pushes ahead with what could be the world’s largest share sale.
Hanwha Total Petrochemical Co. was considering alternative oil supplies after a fire on board an Iranian tanker that was destined for the South Korean company. The 32 crew members of the vessel were still missing following a collision in the East China Sea with another ship that’s left it in danger of sinking.
Saudi authorities said they’ll spend billions of riyals to help citizens offset the impact of a value-added tax and a surge in gasoline and utility prices, a move that will help ease public discontent while highlighting the kingdom’s struggle to overhaul its economy.
Overnight clashes between protesters and security forces in Iran killed nine people, state television reported on Tuesday, including some rioters who tried to storm a police station to steal weapons.
Saudi Arabia released its second budget since unveiling proposals to reduce the kingdom’s dependence on oil. Here economists comment on the numbers, prospects for crude prices and the direction of government policy.
Abu Dhabi National Oil Company for Distribution PJSC (ADNOC Distribution) successfully listed its shares on the Abu Dhabi Securities Exchange (ADX) today following a bell ringing ceremony led by His Excellency Dr Sultan Ahmed Al Jaber, UAE Minister of State and ADNOC chief executive and His Excellency Hamad Al Shamsi, chairman of the ADX.
Pilot production at Egypt’s Eni SpA-operated Zohr natural gas field will begin “in the coming few days,” the oil ministry said, as the country nears its goal of commercial output from the biggest gas discovery in the Mediterranean Sea by the end of this year.
Abu Dhabi National Oil Co. plans to raise as much as 3.31 billion dirhams ($902 million) from the initial public offering of its fuel-retailing unit after lowering the top end of the offer price and deciding to only sell a 10 percent stake.
Genel Energy said today that a well drilled in the northern part of the Taq Taq field in Kurdistan has struck oil.
TechnipFMC is part of a group which has bagged a $4.2billion contract for expanding an oil refinery in Bahrain.
Italian oil industry contractor Saipem has clinched deals worth £300million ($400million) in Saudi Arabia and West Africa.
Aberdeen company Wood said yesterday it was backing efforts to strengthen and diversify the economy of Saudi Arabia and remained committed to “creating and accelerating” employment opportunities in the kingdom.
Oil service giant Wood said today that it had firmed up its commitment to training and creating opportunities for Saudi workers.
Aberdeen oil and gas firms have seized the chance to speak to the "right people" at one of the world's biggest energy events.
A former Northern Irish police chief has said the oil and gas industry’s “ingenuity” can help tackle the threat of cyber attacks.
The British Government is foolish to back Saudi Arabia while it is carrying out "clearly illegal acts" in Yemen, Liberal Democrat former leader Paddy Ashdown has said.