Speaking to analysts in New York last month, Rex Tillerson, chief executive of ExxonMobil, stressed how the company’s great financial strength gave it options that were not available to most of its competitors. “We ma...
Few people are likely to be counting on a successful conclusion to Iran’s nuclear agreement more than the country’s bankers. Sanctions and loose monetary policy under former President Mahmoud Ahmadinejad led to the hi...
Leading automation and technology services company Emerson Process Management recently signed a Memorandum of Understanding (MOU) with Kuwait Oil Company (KOC) to help develop the technical expertise of KOC’s op...
The multinational oil and gas giant, Royal Dutch Shell plc is reportedly seeking to return to Iran once sanctions against the country over its nuclear program are lifted. Iranian media reports said Wednesday that the ...
Gazprom Neft and Vietnam Oil and Gas Group (Petrovietnam) have signed a series of agreements to extend their collaboration activity. Alexander Dyukov, chairman of the management board of Gazprom Neft, and Nguyen Xuan ...
Kuwait Energy (“the Company”) an independent oil and gas company with assets across the MENA region, and their main partner, the Egyptian General Petroleum Corporation (EGPC), announces that the exploratio...
Prudhoe Bay is no longer No. 1 in the U.S. oil world, experts say. The oil field, home to the huge hydrocarbon reservoir that inspired construction of the trans-Alaska oil pipeline and kicked off an economic boom that...
Italian energy giant Eni SpA has emerged in recent weeks as the only international oil company still pumping near capacity in war-torn Libya, helped by protection from militias and tribes secured by its local partners...
For President-elect Buhari, winning Nigeria’s tight election race is the easy part. Keeping Africa’s biggest country afloat will be harder When he defeated President Goodluck Jonathan at the polls on March...
Royal Dutch Shell announced on Wednesday its deal to acquire gas giant BG for $70bn, reported Reuters. The deal is a rare and major acquisition in the oil world. Shell’s decision was driven by its goal to close the ga...