- BP signs deal to drill five gas wells offshore Egypt
- Iraq Discusses Establishing Oil Pipeline from Basra to the Sultanate of Oman
- QatarEnergy Signs Long-Term Helium Supply Agreement with Germany’s Messier
- Kuwait Considers Leasing 13 Pipelines to collect Up to $7 Billion
- Oman: OQ Exploration and Production Looks to Unveil New Projects
- Egypt: Apache plans to increase its natural gas production in Egypt by 15% by fourth quarter 2025.
- Egypt: Apache plans to increase its natural gas production in Egypt by 15% by fourth quarter 2025.
- Egypt: Apache plans to increase its natural gas production in Egypt by 15% by fourth quarter 2025.
- Egypt Signs Solar Energy Project with UAE, Bahrain, and China
- Libya Cooperates with the United States to Develop the Oil and Clean Energy Sector
Oil
Egypt Invests $9 B in Refining Projects
Egypt is carrying out six refining mega projects with around $9 billion investments as a part of the oil and gas sector’s Modernization Project, stated Tarek El Molla, Minister of Petroleum,...
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Qatar to exit OPEC, results and reasons
By Yara Samarraei – Dec 05, 2018 Qatar decided to withdraw from the Organization of Petroleum Exporting Countries (OPEC) and delivered an official letter to the Secretary-General of the...
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Saudi Arabia – and OPEC in general – may lose leadership of the global oil market
Analysts at the BMI Research said the potential of shale oil in the United States is still largely unknown and that the oil prospects form Iran, Libya and Venezuela are Doubtful. Analysts say Saudi...
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IEA: Global conventional oil discoveries fell to record low in 2016
According to Oil and Gas Journal Editors, the global conventional oil discoveries fell to a record low in 2016 as companies continued to cut spending. Also, the number of conventional resources...
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IEA says global oil market now close to balance
The global oil market is close to balance, after nearly three years of excess supply, as production cuts by top exporters offset a longer-term decline in demand in the richest nations, the...
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Optimism among Arab circles that oil market will improve by end 2017
Kuwait’s Oil Minister Essam al-Marzouq said the market could gain balance by the third quarter of this year, as long as producers agreed to an OPEC cut-off agreement settled by end 2017. He...
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Iraq’s Kurdistan negotiates $3 billion oil pre-payment deals
Iraq’s Kurdistan has agreed new deals to borrow $3 billion from trading houses and Russian state oil firm Rosneft that will be guaranteed by future oil sales to strengthen its fiscal position...
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Aramco agreement with Petronas gives Saudi Arabia the largest share in Asian markets
Reuters said that Saudi Arabia – the largest oil exporter in the world – cut a long way in the race for market share in Asia after it agreed some days ago to inject seven billion dollars in a...
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Saudi Arabia ahead for $60/b oil prices in 2017
Saudi Arabia wants crude oil prices to rise to around $60 a barrel this year, five sources from OPEC countries and the oil industry said. This is the level the OPEC heavyweight and its Gulf allies...
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Minister of Petroleum and DMG: Events Unfold Details of EGYPS 2017
His Excellency, Engineer Tarek El Molla, Egyptian Minister of Petroleum and Mineral Resources held a press conference in the lead up to Egypt Petroleum Show – EGYPS, which will take place between...
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