State-owned Algerian firm Sonatrach has signed two offshore exploration contracts with oil majors Total and Eni, according to Reuters....

Saudi Basic Industries Corp (SABIC) has announced a net profit of $1.6 billion in Q3 2018 on the back...

South Korean Hyundai Engineering & Construction announced it has canceled a $521 million agreement to build a petrochemicals complex...

Libya’s oil and gas revenues have fallen to roughly $1.57 billion in August, a $445 million drop off from...

A summary of the week’s important macroeconomic updates and indicators brought to you on one page for your convenience....

Saudi Arabian company ACWA Power plans to invest $658 million in South Africa, it announced on October 26 (via...

Saudi Arabia aims to acquire 30% of Russia’s Novatek Arctic LNG project, Saudi Energy Minister Khalid al-Falih told Ekhbariya...

The Abu Dhabi National Oil Company is planning to fill up storage tanks contracted from the Indian government in...

Iraq plans to stop exporting crude from its northern Kirkuk oilfield to Iran in November in compliance with US...

The Libyan National Oil Company (NOC) and the Libyan British Business Council (LBBC) have signed a statement of intent...