The Saudi, Russian, Qatari and Venezualan oil ministers agreed on 16 February to freeze oil output after a previously unannounced meeting in Doha to tackle the supply glut, which has driven down oil prices to their lowest level in more than a decade
Shell has overtaken Chevron to become the world’s second largest non-state oil company, in the wake of the company’s acquisition of BG Group
Senior ministers from Kuwait and Iraq, as well as executives from some of the region’s leading energy companies, met in Kuwait last week to discuss the challenges facing the global energy sector
Craig International, an oilfield procurement specialist, is expanding into the Middle East following a contract to manage a US$55mn client spend with an operator in Qatar
Global energy demand will increase by 25 per cent between 2014 and 2040, driven by population growth and economic expansion, according to the 2016 edition of ExxonMobil’s The Outlook for Energy, which gives a long-range forecast of energy trends
