Iran is inviting foreign investors to actively develop the Opec member's energy industry after implementation of a historic nuclear deal reached between Iran and six global powers, deputy Oil Minister Rokneddin Javadi told Reuters on Thursda
The number of devices with cellular or satellite connectivity deployed in oil & gas applications worldwide reached 423,000 at the end of 2013, a report said.
Growing at a compound annual growth rate (CAGR) of 21.4 per cent, th
State oil firm Rosneft tightened its grip on the Russian oil industry on Thursday, lodging a cash and shares bid for British oil company BP's 50 percent stake in the country's third-largest oil producer, TNK-BP.
The oil sector is currently booming with billions of dollars being invested in new fields across the Middle East. But these developments could result in disasters if the industry does not concentrate on investing in asset integrity, said experts
The downstream petroleum industry is witnessing a diversification phase, transforming the Middle East from an exporter of crude to an exporter of finished products, said a senior government official.
Bahrain, where oil was first d
The Netherlands-based Doedijns Group, a leading player in the field of hydraulics, instrumentation, pneumatics and controls, has opened its headquarters for Middle East and Africa (MEA) region in Dubai.
The new full service
Saudi Arabian maritime transport investments are expected to reach $50 billion, Asharq Al-Awsat newspaper quoted a senior executive as saying.
'It is possible to estimate that investment in this field will be n
Halul Offshore Services Company (HOSC), a wholly owned subsidiary of Qatar Navigation, has taken delivery of its newest vessel, Halul 60.
The company took delivery of this vessel last week. The vessel is an Anchor Handling Supply Vessel wi
The challenges and opportunities facing the Middle East's downstream oil industry will be discussed during a key forum in Abu Dhabi in May.
The Middle East Downstream Week, from May 8-11, will bring together leading policy makers, mi
With the fallout from the oil spill in the Gulf of Mexico in US, the Arabian Gulf region's central role is set to grow, said an industry expert.
'The recent events in the Gulf of Mexico have given all participants in the energy ind