CAIRO: A consortium of four banks, headed by Commercial International Bank (CIB), has finalized a deal with the Egyptian...

Morocco sharply increased spending on petroleum exploration last year compared to 2005 and registered two natural gas discoveries, the...

China’s biggest oil producer says it has discovered a massive new offshore oil field that could become the country’s...

Statoil and Sonatrach have completed and tested its first onshore exploration and appraisal well in the Hassi Mouina license...

Eng. Sameh Fahmy, Egyptian Minister of Petroleum and Abdel Galil Al Khalifa, President of the World Society of Petroleum...

Egypt expects its natural gas output to rise to 56 billion cubic meters in 2007, an 11% rise on...

State-owned Kuwait Oil Company (KOC) signed a $624.6 million deal with South Korea’s SK Engineering & Construction today to...

Russian natural gas giant OAO Gazprom (GSPBEX.RS) has signed an agreement to explore and develop Libya’s offshore hydrocarbon block...

OMV announced a discovery and successful testing of gas in its Latif 1 exploration well in the Latif Exploration...

Venezuela has signed deals to supply oil to China as part of a drive by Hugo Chavez, the south...