The European Union (EU) approved an embargo on Iranian oil imports at a meeting of EU foreign ministers in Brussels.

Unique Maritime Group (UMG) is continuing to expand its services and capabilities and the company held a round table to discuss its new regional and international vision Strength in Depth.

Schlumbergers Q4 earnings rose by 36 per cent from US$9.07 billion in 2010 to hit US$10.97 billion in Q4 2011.

Sabic, PetroRabigh, Petrochem and Sipchem have announced their Q4 2011 financial reports recently. We have provided a round-up of the results.

Abu Dhabi National Oil Company (Adnoc) signed a strategic partnership deal with China National Petroleum Corporation (CNPC) to collaborate in upstream projects in undeveloped areas.