Iranian caretaker Oil Minister Gholamhossein Nozari said he believed Opec's current crude oil production was enough and did not expect the group to change output when it meets next month.
The Abu Dhabi National Energy Company PJSC (ADSM: TAQA) announced today the purchase of Pioneer Canada, a subsidiary of the US firm Pioneer Natural Resources Company (NYSE:PXD) for USD 540 million.
Lower oil prices dented first-half earnings at oil giant PetroChina and offshore specialist Cnooc, but helped Asia's top refiner Sinopec, though rebounding crude prices may reverse their fortunes in the second half.
DeepOcean ASA has been awarded a Letter of Intent from Enagas S.A. (Spain) to perform ROV offshore pipeline inspection of two gas pipelines in the Straits of Gibraltar between Morocco and Spain.
Indonesian energy companies Pertamina and Medco Energi Internasional along with Japan's Mitsubishi Corp are to begin building a liquefied natural gas refinery next year, the companies said.
Iran will export 35 billion cubic meters of gas to Europe annually once a pipeline is laid to Europe through Turkish territory, said caretaker of Oil Ministry Gholam-Hossein Nozari.
Equator Exploration Limited announces a farm out of part of its Participating Interest in the Production Sharing Contract ('PSC') in Oil Prospecting License ('OPL') 323, offshore Nigeria.
Gunmen dressed as local security forces on Tuesday stormed into a heavily guarded state compound in Baghdad to kidnap the deputy oil minister in the highest profile abduction in Iraq for months.
AlMansoori Specialized Engineering (MSE), Abu Dhabi, United Arab Emirates, has strengthened its services portfolio by acquiring Target Energy Group Limited headquartered in Aberdeen, UK.