Iran has discovered oil in its Caspian Sea waters for the first time in more than a century, the...

Oil production in Saudi Arabia, the world’s largest crude exporter, rose to 9.923 million barrels a day in March,...

South Korea will effectively become the first of Iran’s major Asian customers to halt oil purchases from July 1,...

Aker Solutions has agreed to acquire NPS Energy, which is part of oilfield services company National Petroleum Services. NPS...

Norway’s Statoil has awarded drilling contracts on the Norwegian Continental Shelf worth a combined Nkr30 billion ($5.1 billion), including...

Eni announces a new giant natural gas discovery in Area 4, offshore Mozambique, at the Coral 1 exploration prospect....

Egypt General Petroleum Corporation (EGPC) has issued a tender to import three cargoes of Middle East crude oil between...

Petrosilah Petroleum Company has drilled a new developmental well, labeled SILAH-16, in the Silah fields in the Fayioum Development...

Egypt’s Maridive and Oil Services , the biggest oil services company by fleet size in the Middle East, reported...

2011 results: Record year-end proven and probable reserves: 235.3 mmboe, up 382.5% from 2010 Record operating cash flow: US$111.9...