China Petroleum Engineering & Construction Corporation (CPECC) has announced that it has been awarded a US$548mn service contract to further develop Iraq’s onshore Halfaya oilfield

Saudi Arabia was the highest oil producer among the members of Organisation of Petroleum Exporting Countries (OPEC) in 2012, according to a new report

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