The Spanish SIPSA Oil company performs an international tender for renting another 1500hp rig to be used in the...

Kuwait Energy Co. has finalized the sale deal of Oil Search licenses to develop the Shukair fields, in the...

A huge infrastructure deal between Nigeria and Dubai will target $16 billion worth of investment over the next decade...

Russian gas giant Gazprom confirmed today that it has resumed gas flows into the Ukrainian pipeline system for export...

Dubai-based Dragon Oil said today it has $867 million in cash at hand at the end of last year...

Iran’s Oil Ministry anticipates a crude price of about $40 a barrel in 2009, Oil Minister Gholamhossein Nozari was...

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Edison’s CEO Umberto Quadrino and the Egyptian Petroleum Minister Eng. Sameh Fahmy signed a $1.4-billion concession agreement for the...

Aberdeen-based CETCO Oilfield Services has announced it has signed a deal with the Libyan services agent company, APSCOP, Althuraya...

Verenex has provided an update on its operations in Libya’s Area 47 in the Ghadames Basin. The Company has...