Egypt has accepted six bids for oil and gas exploration worth a total investment of up to US$200mn, the Ministry of Petroleum said

Oil prices rose above US$50 a barrel following OPEC’s historic agreement at its November 30th meeting in Vienna to cut production for the first time since the global financial crisis eight years ago

Saudi Arabia want an OPEC stance to be decided before striking a deal with non-OPEC producing countries as Septembers export figures show KSA boosted exports by over 500,000 bpd 

Rowan Companies plc and the Saudi Arabian Oil Company have signed, through their subsidiaries, an agreement to create an equal joint venture to own, operate, and manage offshore drilling rigs in Saudi Arabia