Statoil, Norways biggest oil producer, plans to challenge Abu Dhabi National Oil Cos existing partners such as ExxonMobil Corp and Royal Dutch Shell for a role in the UAEs resources.

Kuwaits northern oil fields have seen a ramp up in production which has come about by the successful completion of an early production facility that has increased oil production in the countrys north fields to 860,000 bpd.

Standard & Poors Ratings Services placed its A/A-1 long-term and short-term local and foreign currency ratings on the Sultanate of Oman (Oman) on CreditWatch with negative implications.

UAE-based MIS Group (Maritime Industrial Services - OSE: MIS), announced the appointment of Chris Parker MBE, as Executive Vice President for MIS Iraq.