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The number and the size of discoveries have been declining at quite an alarming rate and with exploration budgets being cut...


The number and the size of discoveries have been declining at quite an alarming rate and with exploration budgets being cut...


The EU shipping industry supports employment for an estimated 2.2 million people both on board vessels and ashore in the wider...




Aramco has pushed back by a year plans to build a $2 billion clean-fuels plant and put on hold deepwater oil and gas exploration and drilling activities in the Red Sea...






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The US shale oil industry may have forever abandoned its heavy-spending ways in the face of sliding...


The US shale oil industry may have forever abandoned its heavy-spending ways in the face of sliding crude prices, Schlumberger...


Asia’s largest refiner, Sinopec Corp, said it expects prolonged weakness in global oil prices, forcing it to cut spending and turn more cautious about acquisitions.'This...




Salah Al Otaibi has been appointed as managing director of Pan Gulf Industrial Investment Company (PGII) and its subsidiaries....


The Opec giant is looking beyond the halving of global oil prices since June 2014 to a time when crude could again be in short supplyAs the...









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