Saudi Arabia published the first audit of its vast oil reserves since it nationalized its energy industry about 40 years ago, saying its reserves total 268.5 billion, slightly more than the 266.3 billion figure that the government published previously.
Terrorism, falling oil prices and the effect on tourism were among the forecast impacts on Scotland of the Iraq War discussed by Scottish ministers, newly-released official papers show.
Eni SpA won rights to develop major natural gas fields in Abu Dhabi, the company’s chief executive officer said, a deal that could help the Middle Eastern emirate become a net exporter of the fuel.
One of the biggest-ever mergers in the oil industry. The largest corporate bond sale on record. The most lucrative initial public offering in "human history." The timetable: two and a half years.
The United Arab Emirates is a great place to live and work, but you can’t get a decent rowie “for love nor money”, a businessman said at an event in Aberdeen yesterday.
Libyan security forces overcame gunmen who attacked the state oil company’s headquarters as militias and government-backed forces clashed in the North African country’s capital.
An oil and gas consultancy owned by a north-east entrepreneur secured contracts worth more than £625,000 in the Middle East and India in July and August.
Plans are gathering pace for a new event which is set to link the north-east of Scotland with Abu Dhabi and the wider United Arab Emirates later this year.
Petrofac has been awarded a contract worth around £290 million by Basra Oil Company (BOC) for expansion of the central processing facility in the Majnoon Field, Southern Iraq.