Suhail Al-Mazrouei, UAE Energy Minister, said on January 1 that he is optimistic about achieving market balance during Q1,...

UAE’s Lamprell was awarded a contract from International Maritime Industries (IMI) for constructing two jack-up drilling units, Pipeline Oil and...

Drydocks World has finished the Rashid-D wellhead platform jacket and topside for TechinpFMC and end client Dubai Petroleum, Pipeline Oil...

Weir Oil and Gas Dubai signed a multi-year contract with an Iraqi joint venture (JV) for rotating equipment overhaul...

Libya’s National Oil Company (NOC) declared that oil and gas revenues in November declined to be $2.4 billion, down...

Iran announced on December 26 that it is not facing any problems in selling Iranian crude oil to non-governmental...

Saudi Aramco announced on December 27 the establishment of the Saudi Aramco Retail Company (RetailCo), a wholly owned subsidiary,...

Kuwait and Iraq have selected a consultant to estimate the oil reserves in the areas on the border between...

Iraq’s exports from Kirkuk oilfields to the Turkish Ceyhan port will remain between 80,000 to 90,000 barrels per day...

Light crude production in Kuwait is expected to increase reaching 250,000 barrels per day (b/d) in the next three...