Iran now has $10 billion in its Oil Stabilisation Fund, which forms part of its foreign reserves, Central Bank...

Saudi Arabia is pumping around 9 million barrels per day of crude, steady from December output, a Saudi source...

Calgary-based TransGlobe Energy is to acquire privately held GHP Exploration for . 2 million. TransGlobe Energy said it will...

ABU DHABI: ConocoPhillips has emerged as the front-runner to participate in a $10 billion, multiyear project to develop the...

Abu Dhabi: A British expert in energy production said Gulf Cooperation Council (GCC) countries will need an estimated 100,000...

Pakistan and Iran will sign an agreement on the proposed Iran-Pakistan-India (IPI) gas pipeline next week, a minister said...

Stratic Energy has entered into a conditional sale agreement in respect of its Kerkouane permit offshore Tunisia (held 100%...

BG Egypt, a wholly owned subsidiary of BG Group plc, recently named the first Egyptian-owned Liquefied Natural Gas (LNG)...

Hinduja Group is on the verge of concluding India’s biggest energy deal for developing oil and gas fields in...

China Petrochemical Corp. posted a net profit of $9.63 billion in 2007. Sinopec, the leading oil refiner, made a...