Oil market to re-balance in 2018 – UAE energy minister

The oil market balance is likely to be achieved in 2018 but further improvement is needed as 100 million barrels of oversupply...

SDX starts new Morocco well production

SDX Energy, the North Africa focused oil and gas company, said it has started production from the KSR-16 well on the onshore Sebou...

ADNOC awards FEED contracts for sour gas project

Abu Dhabi National Oil Company (ADNOC) said it awarded engineering contracts for its offshore sour gas project Bechtel and...

Algeria and Iraq sign JV for gas processing

US energy firm Orion agrees to invest in Iraq gas field

US energy firm Orion signed a preliminary agreement with Iraq’s oil ministry to invest in gas production at the Nahr Bin Omar...

Algeria in discussions for Iraqi oil and gas investment

Algeria is in discussions with Iraq for partnership in oil and gas investment, the Iraqi oil ministry said after oil ministers of...

Libya’s NOC wins Ras Lanuf Refinery arbitration

Libya’s state oil company NOC said it has won two arbitration cases brought against it at a Paris court related to the Ras Lanuf...

OPEC cut compliance in Dec rises- Reuters’ survey

Compliance by OPEC members to an oil-supply deal rose in December due to an extended decline in output from Venezuela and further...

Saudi Aramco converted to joint-stock co ahead of IPO

Saudi Arabia announced the status change of its state oil giant Saudi Aramco which is now a joint-stock company, a necessary...