The discovery of vast deposits of natural gas off Egypt has muddied the waters for Israel's own gas industry, though Israel's head start in developing fields means
Damen Shipyards Group has delivered a Damen Fast Crew Supplier (FCS) 2610 workboat, named AOS SWIFT for the Atlantic Maritime Group on 20 August 2015. This is
A rally on Gulf stock markets, which was already running out of steam on Sunday, may end on Monday after oil prices pulled back again and Chinese stocks dropped.
Iraq's parliament on Saturday expressed confidence in the answers of Electricity Minister Qassim al-Fahdawi following an interrogation about a persistent power
A second oil price rout of 2015 has forced Arab OPEC members to cut their price expectations for this year, showing they are prepared to tolerate cheaper crude
Oman Drydock Company (ODC) is growing fast. In January, the yard hit an important milestone - its 300th drydocking. Harnessing the power of its new $1.8 billion, 1.
Saipem has received award notification by the Kuwait National Petroleum Corporation (KNPC) for Package 4 and Package 5 of the Al-Zour New Refinery Project (NRP),
An Iranian fishing vessel and its crew have escaped after being held captive for five months by Somali fishermen, maritime piracy experts said on Friday, but it
Recovering stock markets boost oil prices; U.S. crude on track for first weekly gain in nine weeks.
Oil prices steadied on Friday after bouncing back from six-and-a-half-year
Gulf Keystone Petroleum, one of a handful of foreign oil producers in Iraqi Kurdistan, said on Thursday it was owed $283 million for oil sales and other costs from the Kurdistan Regional Government.
DP World may launch operations in Iran, the company's chairman said on Thursday, as the global ports operator reported a jump in half-year earnings after buying assets from its parent company.
Dubai monthly spreads widen in contango; Brent-Dubai Q4 2015/Q1 2016 swap spreads rise.
The Dubai crude derivatives market has weakened, signaling a more pessimistic
Global stock markets rise on Asia, Wall Street rally.
Oil prices jumped more than 4.5 percent on Thursday after a rally in equity markets and an unexpected fall in U.
Abu-Dhabi based TES Survey Equipment Services LLC will become the first company in the Middle East to rent the latest 6G underwater acoustic positioning technology from Sonardyne International Ltd.
Saudi Arabia and its OPEC allies are counting on strong growth in demand coupled with slower growth in non-OPEC supply to rebalance the oil market in 2016.
India’s state-run gas utility GAIL has begun talks with Iran to revive a decade-old LNG supply contract with the country, reports PTI.
The Business Standard
Further weakness in oil prices and the decision by Fitch Ratings to cut its outlook for Saudi Arabia's debt look set to weigh on Middle East stock markets on Sunday.
South Korean government and corporate officials are visiting Iran this week to hunt out possible deals in the oil, gas and construction industries since an agreement
In a signal of the most striking thaw in the Western ties with Iran for over a decade, Foreign Secretary Philip Hammond will reopen the British embassy in Tehran
Egypt is seeking liquefied natural gas (LNG) via Jordan, three traders told Reuters on Friday, as the two neighbours bolster LNG imports following their recent