The National Iranian Oil Company (NIOC) has signed eight oil contracts with local companies to boost and maintain production at the Iranian fields at a cost of $1.2 billion.

Badr El Din Petroleum Company's (BAPETCO) production increased to 120 barrels of oil equivalent per day (boe/d) during fiscal year (FY) 2017/18.

The Egyptian Projects Operation and Maintenance Company received an offer in 2017 to operate Siba natural gas field in Iraq in partnership with the Egyptian Maintenance Company.

Rosneft and the government of Kurdistan signed production sharing deals for five oil blocks.

Royal Dutch Shell, Europe's largest oil company, expects to make robust investments in Brazil's offshore resources, hoping to quadruple oil and gas output of the country by 2020, while predicting that oil prices would rebound this year to levels that would allow production in Brazil’s ultra deepwater fields to break even.

El Paso Corp. (EP) , the pipeline company being bought by Kinder Morgan Inc. (KMI), has agreed to sell its oil and natural-gas fields in Egypt to an unidentified buyer, reducing its first-quarter results by about $62 million.