OPEC and rival oil producers are meeting in Kuwait to review progress with their global pact to cut supplies.
OPEC and rival oil producers are meeting in Kuwait to review progress with their global pact to cut supplies
The challenges and the road ahead for companies investing in Lebanon's oil and gas industry will also be deliberated upon during the 3rd edition of the Lebanon International Oil & Gas (LIOG) Summit on the 9th and 10th of May in Beirut
Sitting empty off the UAE port of Fujairah, a busy anchorage point on the Gulf of Oman, the tanker was struck by the Jag Laadki operated by India's Great Eastern Shipping Company
Total was in the running for a stake in Iran's LNG, alongside several other oil majors, but any deal was still some way off, Reuters’ sources confirmed
With lower oil prices forcing the company to focus on developing mature wells in the Sahara Desert, offshore rigs could open up new growth opportunities
After Israel expressed concern over three of the five maritime blocks 8, 9 and 10 due to their proximity to its maritime borders, Lebanon's Army asked UNIFIL to demarcate the two countries' maritime borders as they did with the Blue Line.
QP announced that Total will soon take over operations of Al-Shaheen, whose supplies have become erratic since late last year with exports falling in September-October and January due to maintenance work
PetroSaudi International, the parent company of PetroSaudi Oil Services Ltd, did not immediately respond to a request for comment, according to Reuters
The French oil major has allegedly passed on vital information to Qatar about Iran's South Pars gas field, an enormous offshore natural gas reserve, which the two countries share
The company continued to remain profitable in 2016 despite taking a charge on the currency devaluation in Egypt and a lower share of production
Egypt's foreign reserves rose to $26.363bn at the end of January, but were still about $10bn less than the reserves before an uprising in 2011 ushered in a period of political turmoil
The planned pipeline project, which requires an estimated investment of $1.2bn, would connect Iran's vast gas reserves with Omani consumers as well as with liquefied natural gas (LNG) plants in Oman that could re-export the gas
Lebanon has insisted that it will not cede the 870 square kilometres to Israel or share it with anyone, but said it is ready to allow the United Nations to demarcate the disputed zone to determine the legal owner, a suggestion rejected by Israel
A senior official at Iran's oil ministry said that Total has officially started the development of South Pars Phase 11 in the Persian Gulf, effectively resuming operations in an Iranian energy project after a seven-year hiatus.
Aramco would over time add 250,000 barrels per day of crude oil from Berri
Seismic studies, which began in 2013, indicate that Lebanon possesses several trillion cubic feet of oil and gas within its territorial waters