BG Egypt, a subsidiary of global energy company BG held talks on Tuesday to import natural gas from Cyprus, the company said on Wednesday.
The talks in Nicosia
Classification society ClassNK said it has completed work on the 31,445 GT product tanker Mutriba, built by Hyundai Mipo Dockyard Co., Ltd. (HMD) as part of a series
Iran's dependence on oil revenue is putting the Islamic Republic's economy at the mercy of major powers, Supreme Leader Ayatollah Ali Khamenei said on Wednesday.
Company plans to invest $100 million over the next five years in the development of a new shipyard in Dubai Maritime City to build a global luxury yachts manufacturing
Iran has accused fellow Muslim countries in the Middle East of plotting with the West to bring down oil prices as a tactic to further undermine its sanctions-hit economy.
OPEC ministers due to meet in Vienna on Nov. 27
Key oil producers resist output cuts despite glut
Rival governments claim to control Libya's oil
Oil-rich Azerbaijan has calculated next year's budget based on an oil price of $90 per barrel, down from $100 this year, and predicted a significant fall in the
A self-styled rival government controlling Libya's capital announced its own oil policies this week, drawing a rebuttal from Prime Minister Abdullah al-Thinni who
BP will restart the Rhum gas field in the UK North Sea, half-owned by Iran's National Oil Company, four years after the field was shut down due to Western sanctions, a BP spokesman said on Friday.
Austrian oil and gas company OMV still has production disruptions in Libya and its output in Yemen is suffering from attacks on pipelines, its head of Controlling,
Saudi Arabia effectively started a global oil price war this month aimed at quickly denting U.S. oil output. Slowing a U.S. drilling boom, however, could take more than a year.
There is nothing remotely surprising about the sharp fall in oil prices over the last four months, except perhaps the timing.
The fundamental forces driving
Oil dived more than $4 a barrel on Tuesday, its biggest drop in more than two years as mounting evidence of slackening demand and unrelenting U.S. shale output
Norwegian energy group Statkraft plans to expand its hydropower operations in Turkey, Europe's fastest-growing electricity market, after the completion of two ongoing projects,
An ambitious project to harness and export solar power generated in Middle East and African deserts has all but folded after the withdrawal of most of the Desertec
OPEC is unlikely to call an emergency meeting as proposed by Venezuela, two OPEC sources said on Tuesday, a sign the exporter group is in no rush to discuss a collective
Saqr Port Authority has advised that, with effect from 16 October, new procedures will come into force for personnel attendance Off Port Limits (OPL).
Kuwait crude discount to Arab Medium at widest in 10 years; Iraqi Basra Light OSP lowest in 1 year against Arab Medium. Little room for OPEC members to lower prices, gain market share.
SGX Mainboard-listed Swissco Holdings Limited announced it has secured three chartering contracts with options worth US$17.3 million. The offshore support vessels,
BP said on Thursday it has awarded two drilling contracts worth $730 million for the development of its Oman's Khazzan tight gas project, it said on Thursday.