State-owned Indian Oil Corp (IOC) recently said its board has approved an investment of Rs. 1,268 crore for setting up a needle coker unit at the firm's Paradip refinery in Odisha. "The proposed unit... Full Story
Haryana Home Minister Anil Vij recently said Indian Oil Corporation's depot located on the national highway at the Ambala cantonment will be shifted to... Full Story
McDermott International Ltd. has been awarded an engineering and procurement contract from Azikel Petroleum Ltd. for the modular 12,000 barrels... Full Story
Eni and Austrian oil and gas producer OMV agreed to pay about $5.8 billion for a 35... Full Story
Abu Dhabi recently announced the new discovery of gas totalling 15 trillion standard cubic feet that is expected to enable the UAE achieve self-sufficiency in gas... Full Story
Abu Dhabi will invest 448 billion dirhams ($122 billion) in oil and natural gas over the next five years as it seeks to raise production capacity,... Full Story
Oman's Duqm petrochemical complex project has been postponed for the time being, the company said in a statement on Twitter on Wednesday without giving a reason.
The Duqm... Full Story
Crude oil production resumed early July at the Wafra oilfield, shared by Kuwait and Saudi Arabia, after a five-year halt, the Kuwaiti oil ministry said on Twitter recently.
The Wafra and Khafji... Full Story
A 305 km natural gas network in Rahmaniyah has been completed by the Sharjah Electricity and Water Authority (SEWA).
The total length of the network... Full Story
Oman’s ambitious goal of building the biggest oil-storage facility in the Middle East is finally progressing, more than seven years after the Gulf sultanate announced... Full Story
Qatar has agreed to discuss India’s demand to renegotiate the long-term LNG contract, reversing the stand it took just four months ago, as crumbling spot prices and collapsing... Full Story
Kuwait and Saudi Arabia are to suspend oil production from the neutral zone they share in June as part of cuts they agreed to shore... Full Story
The UAE is to voluntarily cut its oil output by 100,000 barrels per day in June in a show of solidarity with neighbours Saudi Arabia.
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