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Masdar and Taaleri have agreed to launch a joint venture to accelerate wind and solar renewable energy develop...
Eni SpA and Thailand’s PTT Exploration and Production Pcl secured rights to explore for oil and natural gas in...
Brent oil extended its longest rally in a year and a half, rebounding above $60 a barrel, on hopes of a resolu...
Masdar, the Abu Dhabi Future Energy Company, has installed the first of 13 turbines at the 50 megawatt (MW) Dh...
Saeed Mohammed Al Tayer, Vice-Chairman of the Dubai Supreme Council of Energy and MD & CEO of Dubai Electr...
Siemens AG and rival General Electric Co. are battling for a mega contract worth an estimated 13 billion euros ($15 billion) to develop power stations in Iraq, an order that would hand the w... Read more
OPEC and its allies seem poised for another contentious meeting in Algeria this weekend as Iran — wounded by U.S. sanctions — cries betrayal and threatens to veto decisions. Yet... Read more
Iraq is pumping crude at record levels and the violent street protests that engulfed the oil-rich south have not affected energy facilities in OPEC’s No. 2 producer. The country’s crude expo... Read more
The price to access unexplored shale assets on the New Mexico side of the Permian Basin soared to $95,001 an acre in a federal government auction, a record high for North America’s biggest o... Read more
As oil markets show growing global supply concern, Iraq is signaling the jitters may be overdone. Output from OPEC’s second-biggest producer has jumped to a record and is set to expand furth... Read more
There is a silver lining for Riyadh-traded stocks in the delay to Saudi Arabian Oil Co.’s massive initial public offering. While putting the oil giant’s market debut on hold has reduced Saud... Read more
Saudi Arabia has granted its state-owned oil company a 40-year concession to exploit the kingdom’s hydrocarbon reserves as part of Aramco’s preparation for a potential initial public offerin... Read more
Saudi Arabian Oil Co. is focusing on buying a strategic stake in chemical giant Saudi Basic Industries Corp., putting work on its potential initial public offering on hold, according to peop... Read more
Saudi Arabian Oil Co., the world’s largest crude exporter, said its production last year fell from the annual record it reached in 2016 as it led OPEC and other major producers in curbing ou... Read more
Oil plunged after U.S. stockpiles swelled by the most since March 2017 and as investor concern increased that the U.S.-China trade war and Turkish crisis will undercut demand. Futures in New... Read more
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