Petrosalam handed over its exploration concession Northwest  October in the Gulf of Suez to EGPC, reported Al Borsa Newspaper...

Amir Hossein Zamaninia, Iran’s deputy oil minister for international affairs and trade, announced that his country and the Republic...

International oil companies (IOCs) working in Iraqi Kurdistan will now receive monthly payments beginning September for the crude they...

Qatar’s Foreign Minister Khalid Al Attiyah said on Tuesday that a “serious dialogue” with Iran was called for to...

Nigeria, Africa’s largest oil producer, is losing billions of dollars a year due to corruption and inefficiency reported Forbes....

Oil services giant Halliburton is facing more questioning from the US Justice Department over the potential acquisition of rival...

The US Senate voted on a bill to allow additional oil drilling off the Florida coast, lifting a former...

Sherif Ismail, Egypt’s Petroleum Minister announced the country’s plan to reduce its debt to foreign oil companies to $2.9...

Egyptian Minister of Petroleum Sherif Ismail announced that Egypt will choose a local investment bank during the third quarter...

Saudi Arabia is expected to raise prices for its crude exports to Asia in September due to a stronger...