SLB has agreed to acquire thermal management and heat exchange technology provider Kelvion for approximately $4.1 billion, including $3.4...

British Petroleum (bp) has started production from the Fayoum-4 well in Egypt’s West Nile Delta, adding an estimated 80...

PetroChina, one of China’s major hydrocarbon producers and distributors, reported RMB 1.53 trillion (around $214.5 billion) in revenue for the first...

Ship traffic through the Strait of Hormuz remains significantly below normal levels, with only five commodity vessels crossing the...

El Wastani Petroleum Company’s (WASCO) plans to boost gas output from existing fields by maximizing well productivity and reassessing...

Cyprus sees the development of the Cronos gas field through Egypt as a model for commercializing additional Eastern Mediterranean...

The Mineral Resources and Mining Industries Authority (MRMIA) has announced that bidding on several mining blocks will close between...

Abu Qir Petroleum Company, a joint venture (JV) between the Egyptian General Petroleum Corporation (EGPC) and the london based...

Egypt’s external vulnerability to higher oil prices is materially lower than previously assumed, with record remittance inflows and greater...

Iraq plans to increase crude oil production to 8 million–10 million barrels per day (mmbbl/d) within six years, more...