Meethaq, the pioneer of Islamic banking in Oman from Bank Muscat, has signed an Islamic project financing facility with Hydrocarbon Finder E&P LLC (HCF) for the development of HCF’s oil and gas fields in Block 7 of Oman

The Abu Dhabi National Oil Company (ADNOC) has awarded 10 per cent interest in Abu Dhabi’s offshore Lower Zakum concession to Japan’s Inpex Corporation (INPEX)

GE and Noble Corporation plc have launched the world’s first digital drilling vessel, aiming to achieve 20 per cent operational expenditure reduction across the targeted equipment and improve drilling efficiency

Egypt’s plans to become an energy hub will bring benefits to Egypt and the region as well as contributing to Europe’s energy security, according to HE Tarek El  Molla, Egypt’s Minister of Petroleum and Mineral Resources