Chinese companies won five more bids to explore Iraqi oil and gas fields, Iraq’s oil minister said on Sunday, as the Middle Eastern country’s hydrocarbon exploration licensing round continued into …
Such an agreement would potentially reshape the Middle East. Beyond bolstering Israel and Saudi Arabia’s security, it would strengthen the US’ position in the region at the expense of Iran …
Goldman Sachs still expects stubbornly high U.S. inflation to ease over the coming months, despite investors slashing bets for Federal Reserve interest rate cuts, after yet another print showed that …
Mergers and acquisitions are a major path for investment. The Middle East’s outbound M&A activity in China grew in 2023, with at least 16 deals worth US$8.5 billion, a significant …
A new report forecasting energy trends estimates global oil prices will be stuck at low levels for the next couple of years. The analysis from Deloitte released Tuesday predicts an …
Angola announced on Thursday that it is leaving the Opec oil producers cartel, coming after it battled with the group over lower production quotas this year. Diamantino de Azevedo, the …
Oil industry in Angola. Laurent Maous | Gamma-rapho | Getty Images Angola is leaving the Organization of the Petroleum Exporting Countries (OPEC) because membership is not serving its interests, oil …
Canada’s upstream oil and gas industry and drilling services sector has a “very favourable” outlook for 2024, according to Enserva’s State of the Industry report released on Thursday. Key highlights of the …
A Petroleos de Venezuela SA oil pumpjack on Lake Maracaibo in Cabimas, Zulia state, Venezuela, on Friday, Nov. 17, 2023. Gaby Oraa | Bloomberg | Getty Images The International Energy …
As the curtains are set to close on COP28, the oil and gas industry remains firmly in the crosshairs as nations deliberate whether an agreement can be reached to phase …