Basra, home to 70% of Iraq’s gas reserves and 59% of its oil, comprises an underdeveloped energy sector
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Egypt approves $2.2bn worth oil and gas contracts
The 6 contracts approved by President Sisi include the search for oil and gas in the Mediterranean, Nile Delta, Western Desert and the Gulf of Suez
GCC oil producers cutting costs to boost output
Saudi Arabia, the UAE and Qatar are rescheduling non-essential maintenance work at oilfields planned for Q4 2015 later into 2016, due to low oil prices
Oman’s oil and gas labour union threatens strike
The action is being planned in response to widespread job losses
Cyberhawk completes ROAV inspection for Maersk Oil
UK company says aerial tank inspection was world’s first
S&P cuts Saudi Credit Rating amid oil price fall
Ratings company says the decline in oil prices will increase the Kingdom’s budget deficit to 80% of its revenue
UAE oil sector to slow down by 2-3%: Official
Country’s diversification efforts will help boost the economy: Ali Al Mansouri
UAE to increase oil production by 30% by 2020
A US federal report says the OPEC member is utilising EOR methods to produce more oil
Next-gen digital oil fields “needed” by industry
Experts believe digital fields are needed to support E&P in Middle East
Saudi-Kuwaiti joint oil firm appoints new chairman
Al Khafji Joint Operations names Kuwaiti national Homoud al-Otaibi as chairman