Iran has announced the discovery of 15 billion barrels of new in-situ oil reserves, said the managing director of the National Iranian Oil Company (NIOC).
Around two billion barrels of the newly-discovered reserves were recoverabl
Kuwait Energy, an independent oil and gas exploration and production company, has announced that a consortium comprising Kuwait Energy and Dragon Oil has made its first oil discovery at Block 9, Iraq.
The discovery was at the cons
UAE-based Dana Gas has discovered more gas in Egypt's Nile Delta, with 9.4 million cu ft per day produced during initial tests, the company said on Sunday.
The Begonia-1 discovery on the West El Manzala concession well also pr
Bahrain has issued a set of four postage stamps has been issued to mark 80 years since the discovery of oil in the kingdom.
The stamps, designed through co-operation between Bapco and the Transportation Ministry, reflect the key role of th
London-based BP said it had made a "giant" oil discovery in the Gulf of Mexico, reaffirming the area's importance to Western oil majors.
BP said in a statement on Wednesday that it had made the find at its Tiber Prospect in the deepwater G