The National Iranian Oil Company (NIOC) was established in 1948 and is owned by the government of Iran. It is a member of OPEC. Headquartered in Tehran, Iran, NIOC was first called the Anglo Persian ...

Kuwait has approved a new financing and liquidity law, enabling it to borrow up to $97.3 billion to fund projects aimed at ...

Kuwaiti oil price increased 14 cents to reach US$77.54 per barrel during Thursday's trading compared to Wednesday's US$77.4, reported Kuwait Petroleum Corporation (KPC) on Friday.In global markets, ...

BP had stalled plans for Kirkuk for years citing risks of political instability in the province claimed by Iraq’s autonomous ...

ENGIE signed a Sale and Purchase Agreement (SPA) to divest its shareholdings in several significant energy and desalination ...

BP has received final government approval for the redevelopment of Iraq's giant Kirkuk oil fields, with an initial plan to ...

Kuwait sees global demand for oil and gas growing in part due to US President Donald Trump's administration. "I think, in a ...

PETALING JAYA: A unit of Malaysian oil and gas giant Petroliam Nasional Bhd ... state-run Nile Petroleum Corp assumed control of PETRONAS’ oil fields and assets – effectively repossessing ...

Fatih Birol, the director of the Paris-based International Energy Agency, said on Monday there is a need for investment in oil and gas fields to support global energy security. The comment puts the ...

The government’s August 2024 announcement said it would “consult later this year on the implementation of its manifesto position not to issue new oil and gas licences to explore new fields”, and that ...

Birol’s stance differs from the IEA’s messaging in 2021 that the world would not need new oil and gas exploration and new field investments if it is to meet its net zero emissions pledges as ...