The Iraqi government has failed to obtain investment from top international oil companies to invest during an exploration and development auction held for blocks near the borders of Iran, Kuwait and in offshore Gu ...
Libyan authorities have not raised objections to Total closing a $450 million deal with US-based Marathon Oil to take over its 16% share of the Waha concessions.
Lebanon has already begun exploring in the disputed Block 9 area, Lebanese Energy and Water Minister Cesar Abi Khalil stated.
Iraq has awarded the Khashim Ahmer-Injana block and the Gilabat-Qumar block to UAE-based Crescent Petroleum.
The majority of Saudi Aramco’s profits in the first six months of 2017 came from its upstream ventures, with the company’s downstream profits remaining far behind those of its major rivals.
The daily output from South Pars gas field will rise by 84 million cubic meters (mcm) to 654 million cubic meters per day (mcm/d) by late September 2018.
Halliburton will drill two wells in 2018 to appraise how much of Bahrain's newly-discovered oil reserves in the Khaleej Al Bahrain Basin is obtainable.
Bahrain expects to produce 200,000 b/d from its newly-discovered oilfield, according to the head of the financial and economic committee in Bahrain's parliament, Abdulrahman Bu Ali,
UAE emirate Ras al-Khaimah (RAK) launched its first petroleum licensing round on April 2 for exploration and development contracts in seven areas.
Saudi Aramco signed preliminary cooperation agreements worth $10 billion with numerous leading oil services companies during Crown Prince Mohammed bin Salman's visit to the US.
