ExxonMobil is focusing on meeting the challenges its customers in the oil and gas industry face through high technology lubricant products.
Dubai Maritime City Authority ( DMCA ), the government authority charged with regulating, coordinating and supervising all aspects of Dubai's maritime sector, has announced its sponsorship and participation in the Middle East Offshore Journal Conference 2015.
United Arab Emirates energy firm Dana Gas posted a 73.3 per cent drop in its first-quarter net profit on Tuesday due to lower hydrocarbon prices but said it was pressing ahead with an offshore gas project in its home country.
The much-awaited auction of 69 marginal oil and gas fields, which would usher in the revenue-sharing model of contracts, is likely to commence in February.
Last week, Iran’s oil minister announced a new model of contracts for foreign oil and gas companies during the two-day conference in Tehran. The new framework allows foreign investors to retain the oil fields for a longer period.
A 2.8 magnitude earthquake was recorded overnight near Cherokee. But that paled in comparison to the big one that shook much of the state on Monday.
The third International Conference on Oil, Gas and Petrochemical will be held at highest international standards in the Iranian capital mid-December. The conference aims to exchange experience and knowledge of different researchers from industry, universities and scientific research institutions.
Commodities traders Vitol and Litasco issued statements on Monday in support of Libya's Tripoli-based National Oil Corp (NOC) as both vie for 2016 contracts with the country.
Iraq's Kurdistan Regional Government (KRG) authorized the release of payments to oil exporting companies for November in line with payments made in the past two months, an official close to the minister of natural resources said on Monday.