Mubadala Petroleum to sell Petrofac Emirates’ stake to Nama Project Service in UAE

petrofacMubadala Petroleum has announced the sale of its 51 per cent interest in Petrofac Emirates to Nama Project Services in the UAE

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Russia’s Lukoil targets 'massive' Middle East expansion

Lukoil HQRussian oil giant Lukoil is considering undertaking a massive expansion in the Middle East region in the coming years as part of the company’s global development strategy, which involves increasing its foreign production of oil and gas by two and a half times its current level, writes Eugene Gerden

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Dana Gas reports record output in Egypt

barrel Dana-chrisbulle flickrDana Gas has announced that it has achieved record production of 39,000 boepd in Egypt this year

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Kuwait delivers ‘free’ crude and diesel to Egypt

barrels kuwait-jean pierre wcKuwait has announced that it has delivered crude and diesel worth US$200mn to Egypt as part of a US$4bn aid package to the North African country

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Qatar eyes RWE’s oil and gas exploration and production unit

Dea optQatar Investment Authority has held talks with RWE regarding the purchase of the German utility firm's Dea oil and gas exploration and production unit

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