ADNOC Drilling, the UAE’s Oilfield drilling services company, recorded its strongest-ever first-quarter (Q1) performance for the period ended March...

The state-owned Petroleum Projects and Technical Consultations Company (PETROJET), has signed a general contractor agreement to develop Phase Two...

The South Valley Egyptian Petroleum Holding Company (Ganope) has announced an extension of the closing date for the Red...

The UAE has announced its departure from the Organization of Arab Petroleum Exporting Countries (OAPEC), Reuters reported, citing a...

Seven OPEC+ countries, Saudi Arabia, Russia, Iraq, Kuwait, Kazakhstan, Algeria, and Oman, convened virtually on May 3 to assess...

Venezuela’s crude oil exports rose by 14% month-on-month to around 1.23 million barrels per day (mmbbl/d) in April, marking the...

OPEC+ has reached a preliminary agreement to raise its oil production targets for June, according to sources familiar with...

Khalda Petroleum Company, a joint venture(JV) between the US-based Apache Corp and the Egyptian General Petroleum Corporation (EGPC), made...

Leading oilfield services providers SLB and Baker Hughes expect a rise in global spending on oil exploration and production,...

Goldman Sachs has increased its oil price projections for the fourth quarter (Q4), attributing the revision to reduced Middle...