Oilfield services company Schlumberger has reported a 38 per cent increase in its first quarter profits from US$944 million for Q1 2011 to $1.3 billion for the same period in 2012

The Middle East’s largest oil and gas exhibition will take its first steps outside with the introduction of outdoor stands and demonstration areas

Indian oil minister Jaipal Reddy has said that the country would look to increase the countrys imports of crude oil and liquefied natural gas (LNG) from Qatar

The Kurdistan Regional Government (KRG) has halted oil exports from April 1 after claiming that the central government in Baghdad had not made payments to companies working in Northern Iraq since May 2011

Lamprell posted record revenues in 2011 which increased by 127.8 per cent to US$1.14 billion as high oil prices boosted demand.