Opec is ready to cut production by a significant amount when it meets later this month in Algeria, prompted...

Sea Dragon Energy has commenced drilling of its Dahab North prospect in the East Wadi Araba ("EWA") Concession. The...

Anglo-Dutch supermajor Shell has agreed to sell an annual 2 million tonnes of liquefied natural gas to China in...

Abu Dhabi’s International Petroleum Investment Company (IPIC) has purchased a 17.6 percent stake, worth A$1.68 billion ($1.07 billion) in...

Oil prices rebounded above $50 a barrel, on Monday, on fresh hope that the scheduled Organisation of Petroleum Exporting...

Petrofac, the international oil & gas facilities service provider, has been awarded an engineering consultancy contract by the Abu...

Norway’s StatoilHydro has not delayed any of its investments due to the current financial climate and has already fixed...

Occidental Petroleum Corporation (OXY) and Mubadala Development Company of Abu Dhabi (Mubadala) announced the signing of an Exploration and...

Dana Petroleum plc, the independent oil and gas exploration and production company focused on growth through international exploration and...

PT Medco Energi Internasional is seeking investors from the Middle East to take part in the development of an...