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.
French President Emmanuel Macron has invited Saad Hariri and his family to come to France after the Lebanese prime minister's surprise resignation earlier this month, amid allegations Saudi Arabia is holding him prisoner.
Abu Dhabi National Oil Company (Adnoc) has reached an agreement to increase production capacity from the offshore Upper Zakum oil field to 1million barrels per day (bpd) by 2024.
Abu Dhabi National Oil Company (Adnoc) has revealed plans to launch new blend of crude.
Abu Dhabi Ship Building (ADSB) will take its first foray outside the naval, marine and defence sector by expanding into the oil and gas industry.
The boss of a major US oilfield service firm has said “disruption” is the order of the day as the sector continues to battle inefficiency.
The world is heading for a “bust” in oil and gas supply due to chronic levels of underinvestment in the sector during the downturn, industry chiefs said today.
The heads of two US oil service firms today revealed their fears about a lack of new talent coming into the sector.
The head of a major oilfield service firm has warned against a return to the days of escalating supply chain prices -- and of acting like "drunken sailors".
German energy firm Wintershall's chairman said today that industry needs to more stoic and pro-active if it wants to emerge from the downturn in good condition.
Investment in the Middle East and North Africa (Mena) region is picking up after two years of decline, an analyst has said.
Oil major BP’s chief executive said today that “culture trumps strategy every time” in the quest to build a strong business.
The head of Opec said today there were clear signs that the oil market is re-balancing at an "accelerated pace".
North-east firms visiting one of the world’s biggest oil and gas conferences next week have said Adipec 2017 is coming at the “right time”.