Minister of Petroleum, Tarek El-Molla, and British Ambassador to Egypt, John Casson, witnessed the signing of an agreement between OGS, Pearson, and IARS.
OPEC delegates were encouraged by Russia to change the OPEC-led deal to cut oil supplies, opening the door to clear the global supply glut.
Iran expects to sign a long-delayed gas deal with French oil major Total in the next few weeks, Iranian Oil Minister Bijan Zanganeh, stated.
Emerson signed a Memorandum of Understanding (MoU) with Saudi Aramco during the recently held Saudi-US CEO Forum in Riyadh.
Qatar announced its support to extending the agreement to the end of March 2018.
Nigeria’s state oil company is finalizing the signing of $6b worth deals to exchange more than 300,000b/d of crude oil for imported gasoline and diesel.
Swiss trading giant Glencore and U.S. private equity investor Carlyle Group have teamed up in an attempt to save bankrupt in Morocco's only oil refinery.
The Saudi Oil Minister stated that oil producers would "do whatever it takes" to rebalance the market.
Iran announced it will go along with whatever decision OPEC makes on whether to extend oil production cuts beyond June.
Supply targets from the members of the OPEC suggest a compliance of 104% with the cartel's deal to cut output.
A trading unit of Russia's largest oil producer Rosneft Trading SA (RTSA) has signed a deal to supply 10 liquefied natural gas (LNG) cargoes to the Egyptian Natural Gas Holding Company (EGAS) in 2017.
Saudi Arabia, the biggest member of the cartel, showed a surprising output jump, increasing production in February by 263,000b/d to 10mb/d.
Iran has signed a preliminary deal with Germany’s Siemens to manufacture equipment for the country’s electricity industry.
Iran is negotiating $80b of oil deals for signing, some of which are expected to be finalized no later than June.
Kuwait will host a Ministerial Committee meeting, charged with monitoring the compliance with Vienna agreements on cutting oil output, on 22-23 March.
Iran expects to sign its biggest oil refining contracts worth $8.6b with a number of Japanese, Chinese, and South Korean companies.
Pura Vida Energy has reached a conditional agreement with an offshore drilling contractor which will fund a three-well drilling program in the Nkembe block, offshore Gabon.
The Reserve Bank of Zimbabwe (RBZ) has signed a deal with local petroleum giant, Sakunda Holdings, for the importation and supply of fuel in the country.
Nigeria's Dangote Cement have reached a deal with Tanzania on the supply of natural gas to the firm's manufacturing plant in the East African country after negotiations stalled over prices.
Teine Energy Ltd. Has agreed to purchase all of the oil-producing assets of its fellow Calgary-based firm Penn West Petroleum Ltd for $975m