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 & 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.
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.
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 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.
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.
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.