Gulfsands Petroleum has completed the drilling operations on the first horizontal development well within the Khurbet East Field (KHE-5H)....

The crude oil reservoir Ras Budran is located in the Gulf of Suez, four kilometres off the coast of...

Doha – The Heir Apparent H H Sheikh Tamim bin Hamad Al Thani along with the Crown Prince of...

Dubai:  The price of diesel in Dubai has gone up by 50 fils, or 3.26 per cent, per gallon...

Abu Dhabi:  State-controlled Abu Dhabi Gas Industries (Gasco) said on Monday it is investing about $25 billion in gas-processing...

SINGAPORE, May 9, 2008 (AFP) – Crude oil traded near new all-time highs above 124 dollars on Friday after...

Dana Gas, the Middle East’s first and largest regional private-sector natural gas company, has been awarded “Best New Concept”...

SINGAPORE, May 8, 2008 (AFP) – World oil prices struck a fresh intraday record of 123.87 dollars a barrel...

Managing Director of the National Iranian Oil Company (NIOC) Seyfollah Jashnsaz said here Wednesday that given the growing trend...

StatoilHydro has proved up even more reserves at the Alve field, in production licence 159B off Norway, with well...