Bosses at VTB Capital have said that they expect large-scale mergers and acquisitions (M&A) in the oil industry

UAE’s Fujairah port is expected to have a total storage capacity of nine million cu/m by the end of 2015, according to a top UAE government official

The National Shipping Company of Saudi Arabia (Bahri) has signed a 10-year agreement to ship crude cargoes belonging to South Korea’s S-Oil starting Q3 2015

Anglo-Dutch oil explorer Shell will acquire British gas producer BG Group for US$69.7bn in cash and stock, both companies have announced

Libya’s state-owned firm Arabian Gulf Oil Company (AGOCO) crude production has hit 317,000 bpd, the highest in the last two years, the company’s spokesperson revealed