The UAE is the most active centre in the Middle East region for the UK’s oil and gas contractors, according to a survey

Kuwait Foreign Petroleum Exploration Company (KUFPEC) has signed a US$1bn loan, which will be used for company’s general corporate purposes and international expansion plans

Oilfield services companies Halliburton and Baker Hughes have announced merger for US$34.6bn

Middle East will become the major source of oil by 2020 as the USA’s tight oil output and non-OPEC supply will decline worldwide, said International Energy Agency (IEA)

Iraq and the semi-autonomous region of Kurdistan Region of Iraq (KRI) have reached a deal that will ease tensions over the regional oil exports and civil service payments from Baghdad, according to Iraq’s finance minister