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

Gulf Keystone Petroleum, DNO and Genel Energy have confirmed that they have received payments from the regional government for the oil exported from Kurdistan Region of Iraq

Oman’s government has released a five-year plan to halve the economy’s dependence on the oil industry as low crude prices increases pressure government finances

Brent crude oil prices hit their lowest in more than 11 years on Monday, driven down by a rise in global supply that looks set to outpace demand again next year, reports said

Engineering and construction firm Fluor has signed an agreement with UK-based private equity firm Arle Capital Partners to completely acquire Stork Holding B.V. (Stork), based in the Netherlands, for US$755mn