Pura Vida Energy has reached a conditional agreement with an offshore drilling contractor which will fund a three-well drilling program in the Nkembe block, offshore Gabon.
The Reserve Bank of Zimbabwe (RBZ) has signed a deal with local petroleum giant, Sakunda Holdings, for the importation and supply of fuel in the country.
Nigeria's Dangote Cement have reached a deal with Tanzania on the supply of natural gas to the firm's manufacturing plant in the East African country after negotiations stalled over prices.
Gulf OPEC members including Saudi Arabia are looking to revive the idea of coordinated oil-output action by major producers on next meeting, a senior OPEC source said.
Jordan signed multiple agreements with Algeria, Egypt, Palestine on energy investment and mineral resources exploration on hope of boosting co-operation in the growing sectors.
After months of negotiations, Israel has reached a deal with the Texas-based Noble Energy and Israel's Delek Group that will finally allow the firms to move forward with development of the huge Leviathan natural gas ...
The failure of the deal to freeze oil production, which could have hastened a recovery in oil prices, puts Nigeria and other cash-strapped oil producers in more trouble.