While the falling oil prices have led to projects and commercial reserves getting deferred globally, the Middle East is not witnessing the same level of deferrals, reveals Wood Mackenzie’s latest analysis

Royal Dutch Shell Plc has bowed out of the Bab sour gas project as it ‘doesn’t fit with the company strategy’ in the present economic climate

Economic sanctions on Iran have finally been lifted, even as the price of oil tumbled to below US$28 a barrel at the start of the week

PACC Offshore Services Holdings Limited (POSH), Singapore-based offshore marine services provider, has entered into a joint venture (JV) with Saudi Arabia’s Hmood Al-Khalaf Group to form POSH Saudi Company as part of its plans to expand its presence in the Middle East

Saudi Arabia’s government is considering selling shares in state oil giant Saudi Aramco as part of a privatisation drive to raise money due to falling oil prices, deputy crown prince Mohammed bin Salman has revealed