Dubai witnessed a 4.5% gross domestic product growth last year, and a 6.5% rise in employment, driven by long...

Petrofac Ltd said it won an about $900 million contract from state-controlled Petroleum Development Oman (PDO) to provide services...

Iran says it needs 0 billion of investment in its gas industry as updated BP data put the energy...

Iraq increased its July official selling price (OSP) for Basra Light crude to Asia as expected, but a steeper...

Countries in the region have been urged to follow Bahrain’s footsteps in diversifying their economies. UK-based economist Scott Corfe,...

A rebound in North Sea oil production in the three months to May helped the UK double its growth...

Gazprom has vowed to entirely cut out Ukraine as a transit hub for natural gas exports to Europe. The...

Sandwiched between a stuttering eurozone and a recession-ridden Russia and Ukraine, and with the troubled Turkey and Greece to...

Islamic State strengthened its hold in central Libya, seizing territory near the country’s largest oil terminal, as the United...

German company DEA plans to invest about 4m during the coming fiscal year to increase oil and gas production...