Saudi Aramco is targeting 2018 for what could be the world’s largest initial public offering (IPO), the company president and CEO Amin Nasser said

The largest LNG producer in the world has singed a five-year sales and purchase agreement with Petronas LNG UK, expanding a strategic import deal to Europe

Oil prices fell after a one year high was reported after the Organisation of Petroleum Exporting Countries were trying to agree to cap production for a minimum of six months. 

Oil prices rose to a one-year high following comments of Russian President Vladimir Putin supporting OPEC’s recent agreement to cut production in a bid to boost oil prices

Penspen, a leading global provider of engineering and project management services to the energy industry, has signed an agreement with Matrix Construction to provide modification works at Bab and Asab fields, located west of Abu Dhabi. The fields are owned and operated by the Abu Dhabi Company for Onshore Petroleum Operations Ltd (ADCO)