Oil prices slumped Friday to one-year lows under $80 per barrel, striking $75 in London, amid a global equities...

Iran is looking for domestic and foreign investment in a $25-billion (Dh92 billion) scheme to double oil and gas...

Last week the world bourses experienced almost a complete meltdown. If it had happened in just one day rather...

180km pipeline to meet local power needs implemented in record time US$650 million investment the largest private-sector project in...

Aker Solutions has been awarded a contract with Modec for the delivery of topside Seawater Treatment and Sulphate Removal...

Premier oil has hit hydrocarbons during drilling of the Al Amir SE-1 sidetrack well in the onshore North West...

Egypt has increased its oil output by 55,000 barrels per day (bpd), bringing the country’s daily oil production to...

Rowan Companies, Inc. has received a letter of intent from Shell Egypt for the new Tarzan Class jackup, J....

In addition to NOC’s announcement on September 29, 2008, RWE Dea announced that its exploration success has reached a...

Amsterdam: BP, Europe’s second-largest oil company, slumped the most in almost six years in London trading as crude prices...