News / International

Sound Oil to Acquire Offshore Moroccan License

Sound Oil PLC Monday said it has been granted a 30-day exclusivity period to potentially acquire a stake on the Tendrara licence onshore Morocco, and said it has made progress on drilling the second Nervesa well in Italy.

GE Oil & Enpro Join Forces to Offer Cost Effective Technology

GE Oil & Gas and Enpro Subsea have announced an agreement to jointly market and provide fluid intervention services that offer oil and gas operators a cost-effective way to improve production rates in producing wells.

ONGC’s Non-commitment Angers Iran

Anticipating easing of Western sanctions against it, Iran is acting tough over giving India's state- owned ONGC the rights to develop the Farzad-B gas field in the Persian Gulf.

Oman Oil to Privatize Daughter Companies in Bid to Restructure

State-owned energy investment firm Oman Oil Co (OOC) will announce a new structure later this year, chief executive Issam al-Zadjali told reporters on Sunday.

Iran to Build Refineries Abroad from Brazil to India

Iran and Brazil have signed a memorandum of understanding (MoU) to build a new oil refinery in Latin America, an Iranian deputy minister of petroleum says.

GCC Seriously Contemplates VAT in Wake of Oil Price Crunch

Officials of the six-nation Gulf Cooperation Council agreed at the weekend to keep working towards the introduction of a value-added tax around the region, in a sign that low oil prices may be strengthening support for the idea.

Iran Completes ‘Resistance’ Economy International Oil Exhibition

The 20th International Oil, Gas, Refining and Petrochemical Exhibition of Iran has come to an end after four days in the capital city, Tehran.

Iran Welcomes Royal Dutch Shell’s Return Overtures

Managing Director of Iran’s Pars Oil Company says oil giant Shell has voiced interest to resume activities in the country’s energy sector.

Latest in Energy, Renewable Tech at Saudi Power Expo

Leading players in the electricity, power generation, alternative energy, water technology, and lighting sectors will be showcasing their products and solutions at the upcoming Saudi Power 2015 expo in Riyadh.

New Technology to Reach Depths of Gulf of Mexico

Baker Hughes may have just solved one of the major problems facing oil and gas development in the Gulf of Mexico.

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