Exxon Mobil acquires Egypt offshore acreage for exploration

Exxon Mobil Corp said it has acquired more than 1.7 million acres for exploration offshore Egypt, strengthening its portfolio in...

Yokogawa signs strategic agreement with SABIC

Yokogawa Electric Corporation said that it has entered into a strategic alliance framework agreement to accelerate collaboration...

Shell Egypt wins 2 blocks in Red Sea concessions

Shell Egypt N.V. said it has been awarded two concessions in the Red Sea licensing round, which was launched in early 2019...

ACWA Power and SABIC partner to boost local energy content

ACWA Power and SABIC signed a Memorandum of Understanding for pursuing opportunities to boost local content in the economy of the...

Saudi Arabia and Kuwait agree to resume Neutral Zone oil production

Saudi Arabia and Kuwait reached an agreement to resume oil production from two jointly-run fields in the Neutral Zone...

APICORP agrees to $250 mln worth of loans for Sonatrach subsidiary

The Arab Petroleum Investments Corporation (APICORP), a multilateral development financial institution, agreed with Algeria’s...

Kuwait and Saudi Arabia near Neutral Zone resolution

Kuwait and Saudi Arabia are likely to come to an agreement this week to resolve a dispute over the Neutral Zone that has halted...

Rockhopper’s Egypt production steady ahead of sale completion

Rockhopper Exploration reported that its Egypt production holds steady at 5,100 barrels of oil equivalent per day...

Aramco completes stake acquisition in South Korean Hyundai Oilbank

Saudi Aramco has completed the acquisition of 17 per cent of Hyundai Oilbank from Hyundai Heavy Industries Holdings, for US$1.2...

DP World creates new maritime entity with Topaz and P&O merger

DP World has set up a new marine solutions entity combining its recently acquired Topaz Energy and Marine with P&O Maritime that...