Mubadala Petroleum, a unit of UAEs sovereign wealth fund and Russian Direct Investment Fund (RDIF) signed they would create a joint venture with PJSC Gazprom Neft to explore oil fields in the Tomsk and Omsk regions of Russia
RAK Petroleum Authority said that its licensing round for oil and gas concessions has received "positive interest on a global scale" and interest from international energy companies
Credit rating agency Moodys said in a report that the drop in oil prices after 2014 did not change the direction of its medium-term real growth as the economy is supported by large surpluses
Consulting firm McKinsey said that digital technologies are set to help energy companies cut costs
Energy services company KBR Inc said it was awarded a contract by Basra Oil Company (BOC) to develop the Majnoon Oil Field in Basra
