Austrian energy company OMV makes Iran move
Austrian energy company OMV said Wednesday it signed a memorandum of understanding with Iran to discuss the country's rebounding energy...
Oil & Gas
Saudi Aramco asks banks to pitch for world's largest IPO
Oil and gas company Saudi Aramco has invited banks to pitch for an advisory position on what is expected to...
Iraq plans to triple gas liquids exports from southern oilfields
Iraq expects to more than triple exports of liquefied petroleum gas, and to double exports of gas condensates in 2017...
Lebanon to become an oil & gas producing country
"Prospecting for oil is a dynamic art... The greatest single element in all prospecting, past, present and future, is the...
Lebanese government approves long-awaited oil and gas exploration decrees
Lebanon's new Cabinet endorsed two crucial decrees on offshore oil and gas exploration, putting an end to the long-delayed matter...
BP to invest $13 billion in Egypt before 2020
British oil company BP Global has plans to invest some $13 billion in Egypt before 2020, the UK embassy in...
Global energy demand to increase by 40% by 2040
Global energy demand is expected to increase by 40 percent to 382.1 million barrels oil equivalent per day (mboe/d) by...
Iran aims for more foreign oil and gas investment after $4.8 billion deal with Total
Iran is hoping to secure more overseas investment after a consortium led by France’s Total on Tuesday signed a $4.8bn...
Iraq to offer oil fields directly to foreign firms
The Iraqi oil ministry will negotiate directly with international oil companies (IOCs) and consortiums in the upcoming bidding of a...
Egypt targets 5 billion cubic feet gas production in FY2017/18
Egypt plans to increase its natural gas production to five billion cubic feet per day from 4.35 billion within 2017-2018,...
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