Engineering and construction firm Fluor has signed an agreement with UK-based private equity firm Arle Capital Partners to completely acquire Stork Holding B.V. (Stork), based in the Netherlands, for US$755mn
Iran is taking steps to ramp up oil exports ahead of an end to US-led sanctions, extending crude contracts with its two Chinese buyers into 2016 and starting talks with other potential buyers there, sources involved in the talks said
Kuwait has appointed a new acting oil minister with Anas al-Saleh taking on the position in addition to his roles as finance minister and deputy prime minister
OPEC’s oil output has seen a marginal increase in November, compared to October 2015, according to a Reuters survey
Saudi Arabian energy and chemicals company Saudi Aramco has launched its research and development centre in Michigan, Detroit
