Saudi Aramco signs JV for Saudi Arabia maritime yard

Saudi Aramco signed a joint venture agreement with three firms to build and operate a maritime yard on the kingdom's east coast,...

Iran launches tenders for Azadegan oil field

The tender for Iran's major oilfield Azadegan has started, the country's oil minister said on Monday, according to a Persian media...

Marun Petrochemical Company to finalise Shell engineering contract soon

Iran’s Marun Petrochemical Company (MPC) is close to finalising an engineering contract with Shell for two new petrochemical...

UK’s Add Energy wins Egypt maintenance build contract

UK-based Add Energy was awarded a maintenance build contract worth about £1.4 million with BP for work on West Nile Delta (WND), a...

Eni wins offshore Oman exploration rights, signs MoU with state oil firm

Eni won exploration rights for an offshore block in Oman and the energy company also signed an oil and gas exploration agreement...

ADNOC and OMV sign deal to explore downstream opportunities

Abu Dhabi National Oil Company (ADNOC) and OMV AG (OMV) signed an agreement to explore potential opportunities to work together to...

Iran signs $630 mln pipes contract with Spain’s Tubacex

Iran’s state oil firm signed a contract with Spain’s Tubacex-led consortium worth about $630 million to buy 600km of corrosion...

OPEC, non-members agree to extend production cuts by 9-months

OPEC countries agreed in a Vienna meeting on Thursday to extend oil output cuts until March 2018 in efforts to support prices and...

OPEC’s committee recommends 9-month extension to production cuts

OPEC’s ministerial committee recommended cutting oil production for another nine months, just ahead of a Vienna meeting between...

Iraq agrees with Saudi Arabia for 9-month extension to output cuts

Iraq agreed to a proposal from Saudi Arabia and Russia to extend output cuts for nine months in efforts to support oil prices,...