Mass redundancies in the Omani oilfield industry have been so far avoided by the Ministry of Manpower, according to...

The Kurdistan Regional Government (KRG) and the federal Iraqi government have come to an agreement to cut oil output...

Algerian state-owned Sonatrach has signed a Memorandum of Understanding (MoU) with America’s ExxonMobil Corporation to pave the way for...

Belayim Petroleum Company (Petrobel) announced streamlining two new natural gas wells in the Mediterranean region with an average production...

Arab Petroleum Investments Corporation (APICORP) has announced the ratification for an increase in callable capital from $1 billion to...

US oil trading collapsed on April 20 as the price of May’s future contract for West Texas Intermediate (WTI)...

As of April, Burullus Gas terminated a contract for Transocean’s Deepwater India rig, according to the company’s fleet status...

Middle East Oil Refinery (Midor) has refined approximately 9.3 million barrels (mmbbl) of domestic and imported crude oil in...

The Egyptian Ethylene and Derivatives Company (ETHYDCO) awarded a consortium of Saipem and Petrojet a contract for the first...

President Abdel Fattah Al-Sisi has instructed to preserve the state’s strategic reserves of petroleum products, according to a statement...