Eni signs deal for E&P evaluation in Bahrain

Bahrain authorities have signed with Eni for the Italian company to study and assess the potential of some exploration and...

ADNOC CEO pushes for efficiency and value to tackle oil glut

Oil and Gas companies that drive efficiencies, value and commercial excellence, will be the ones to come out on top as producers...

Vopak Horizon Fujairah adds 478,000 cbm crude oil capacity

This new capacity is the first crude oil capacity in the Middle East for independent storage purposes with open access and very...

Supreme Petroleum Council approves ADNOC’s 2030 strategy

The strategy will ensure ADNOC’s long-term success in an evolving energy market. It will also further strengthen ADNOC’s role as a...

MENA energy sector needs "strategic cost transformation”

Fluctuating oil prices have made it critical for businesses to make a ‘step change’ in their operating models to remain agile and...

Abu Dhabi’s Mubadala Petroleum awards Thailand offshore field contract to Petrofac

Mubadala Petroleum, the oil and gas arm of Abu Dhabi's investment fund, signed a new contract with British oilfield services...

QP announces the establishment of 'Ocean LNG Limited'

As part of the announcement, QP said that the decision to establish a marketing entity to manage its future LNG supply portfolio...

Saudi Arabia, Gulf OPEC ready to cut oil output by 4 percent, sources said

Saudi Arabia and its Gulf OPEC allies are willing to cut 4 percent from their peak oil output, energy ministers from the Gulf...

Iran, India plan to seal Farzad B gas field deal by early 2017

India and Iran will sign a deal on developing the Farzad-B gas field of with estimated reserves of 18.75 trillion cubic feet, in...

Kuwait Energy signs agreement with EGPC for Iraq's Siba field

Kuwait Energy Plc signed a farm-out agreement with Egypt's General Petroleum Corp (EGPC) for 20 per cent of its participating...