Mubadala Petroleum has announced the sale of its 51 per cent interest in Petrofac Emirates to Nama Project Services in the UAE

Russian oil giant Lukoil is considering undertaking a massive expansion in the Middle East region in the coming years as part of the company’s global development strategy, which involves increasing its foreign production of oil and gas by two and a half times its current level, writes Eugene Gerden

Dana Gas has announced that it has achieved record production of 39,000 boepd in Egypt this year

Kuwait has announced that it has delivered crude and diesel worth US$200mn to Egypt as part of a US$4bn aid package to the North African country

Qatar Investment Authority has held talks with RWE regarding the purchase of the German utility firms Dea oil and gas exploration and production unit