Anglo-Dutch major Shell will sell its entire 90% stake and operatorship of the 1 Tcf Gaza Marine gas project, offshore Palestine, to a local investment company, which plans to bring Continue Reading
Top oil exporter Saudi Arabia is expected to cut prices for all crude grades it sells to Asia in May to reflect weaker prices for its Middle East benchmark Dubai Continue Reading
Data show March exports from Iraq, one of OPEC’s top producers, at an average of 3.4 million barrels of oil per day were slightly higher than the previous month. March Continue Reading
The Iraqi cabinet on Sunday approved a plan to raise the nation’s crude oil output capacity to 6.5 million barrels per day by 2022, according to a government statement. Iraqi Continue Reading
Kingdom currently has two fields, one shared with Saudi Arabia New undersea deposit lies off Gulf nation’s western coast Bahrain, the smallest energy producer in the Persian Gulf, discovered its Continue Reading
Foreign investors will be able to hold up to 49 percent of Qatar stock exchange-listed shares in three subsidiaries of Qatar Petroleum (QP) [QATPE.UL] after limits on foreign ownership were Continue Reading
New financial market rules aimed at preventing major price drops in newly listed companies on Saudi Arabia’s Tadawul exchange will be ready by the end of this June, in anticipation Continue Reading
Sixteen companies—including Big Oil’s Exxon, Chevron, and Total—have expressed interest in taking part in Iraq’s bidding round on April 15, which will award the rights to develop 11 oil and Continue Reading
Iraq’s crude oil reserves may turn out to be much higher than believed, the country’s oil minister Jabar al-Luaibi said at a recent industry event, timing the statement with news Continue Reading
The Oil Ministry has shortened the deadline for its fifth bidding round, giving companies just days to evaluate big changes to the contract model. Iraqi oil officials lead the first Continue Reading
