The UAE’s youth have a vital role to play in ensuring sustainable oil production through the following century, according to a roundtable debate hosted by Maersk Oil in Abu Dhabi in October

State-owned Kuwait Foreign Petroleum Exploration Company (KUFPEC) has signed an agreement to buy 30 per cent stake worth US$1.5bn in Chevron Canada Limited’s Duvernay shale play located in Alberta

Dragon Oil has announced that it has plans to buyout oil firm Petroceltic for US$789mn to boost exploration and output in Kurdistan Region of Iraq and North Africa

Saudi Arabia’s oil exports reached 2.06bn barrels in the first nine months of 2014 with proceeds amounting to US$221.2bn

Jordan and Attarat Power Company (APCO) has signed a US$2.2bn deal to build oil shale-fueled power plant with a capacity of 470MW