BP Plc posted a one per cent drop in quarterly post-tax profit to $6.087 billion as production fell and...

The National Oil Corporation of Libya reports that, Verenex, a party with NOC in an EPSA Agreement through the...

Saipem has been awarded four new drilling contracts worth a total of US $510 million. The contracts are for...

KS Energy Services has entered an agreement to acquire the Sneferu jackup from Egyptian Drilling for US $108.1 million....

Transocean Inc. and GlobalSantaFe Corporation announce that their boards of directors have unanimously approved a definitive agreement for a...

The Arab Petroleum Pipelines Co. (Sumed) will establish five new storage tankers at Sidi Kreir, the loading terminal at...

RWE Dea Suez GmbH and EGPC, the Egyptian General Petroleum Corporation, signed agreements allowing for the extension of the...

Egypt’s Ministry of Petroleum signed eight exploration and amendment agreements for oil and natural gas exploration worth US $660...

Iran and Turkey signed a Memorandum of Understanding Friday evening for all-out mutual cooperation in the field of energy....

Melrose Resources’ West Khilala No.5 development well was successfully drilled at the northern-most extent of the West Khilala Field....