• Saudi Aramco’s Oil Resources To Grow To 900 Billion Barrels By 2025

      State oil giant Saudi Aramco expects to have 900 billion barrels of oil resources by 2025, up from the current 790 billion barrels, a company executive said on Tuesday. Current recoverable crude oil and condensate reserves stand at around 260.2 billion barrels. “Demand for hydrocarbons...

  • Halliburton to Buy Baker Hughes for About $35B

    Halliburton Co will buy Baker Hughes Inc for about $35 billion in cash and stock, creating an oilfield services behemoth to take on market leader Schlumberger as customers begin to cut spending due to falling oil prices. Halliburton expressed confidence that the deal would clear regulatory hurdles,...

  • Eni Secures 3 New Exploration Blocks in Egypt

    Eni S.p.A. announced Thursday that it was the successful bidder of 3 new exploration licenses in Egypt following the competitive 2013 EGPC and EGAS bid rounds. The new licenses will be formally awarded soon, after the ratification and finalization of the Concession Agreements. As a result of the...

  • EIA Sees Lower OPEC Output, Weaker Demand Growth In 2015

    The U.S. Energy Information Administration trimmed its forecast of world oil demand growth next year and made even deeper cuts in its outlook for OPEC production, the latest signs of a shift toward surplus supplies next year. The EIA cut its 2014 global demand forecast to 91.47 million barrels a...

  • Oil Ministry: Egypt Pays $1.5B To Foreign Energy Companies

    Egypt has paid $1.5 billion of its debt to foreign energy companies, the oil ministry said in a statement on Thursday. Egypt has delayed payments to oil and gas firms since a popular uprising ousted autocrat Hosni Mubarak in 2011 and brought on almost three years of instability. Some of the debts...

Upcoming Events

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    16 – 18 March 2015, Oman international Exhibition Center
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    17th-18th September 2014 , Doha , Qatar.
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    4th - 6th December 2014, Shanghai New International Expo Center (SNIEC)

Oil Prices of Today

Crudes $/B
Brent 105.78
WTI 97.19
OPEC Basket 102.55

Interviews

  • The Egyptian-Kuwaiti Relations Well-established an...

    At the national days of the Kuwaiti...

  • TOTAL: THE QATAR EXPERIENCE

    TOTAL: THE QATAR EXPERIENCE HISTORICAL...

  • Nathalie Martin-Bea Mardinian interviews Mr. Sudh...

    Regional Manager Middle East-...

  • Samsung Engineering ...

    “We are thrilled to be a part of ambitious oil project of Iraqi government,” said Steve...

    Steve Fludder
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    “We are pleased to receive this payment, and are working with the Kurdistan Regional Government...

    Rashed El-Grwan