Israeli Energy Minister Yuval Steinitz called it the most significant export deal with Egypt since the neighbors signed their historic peace treaty in 1979.
Recent windfalls generated through taxes and the kingdom’s “anti-corruption purge” has triggered further speculation about the future of Saudi Aramco’s IPO.
For a second month, a Reuters survey showed no sign of big OPEC producers boosting output significantly to cash in on rallying prices or to replace a decline in Venezuela.
Oil Minister Jabar al-Luaibisaid said Iraq hoped to more than double production from the northern Kirkuk oil fields with the help of BP, but will still comply with the OPEC output reduction deal.
U.S. Energy Secretary Rick Perry was speaking at a rare joint panel with Russian and Saudi energy ministers, Alexander Novak and Khalid al-Falih, at the World Economic Forum in Davos.
An advisory council to Saudi Arabia’s government has asked the kingdom’s securities regulator to study the impact of listing Saudi Aramco on the local bourse amid concern that a huge initial public offering could damage the market.
Global oil producers are in agreement that they should continue cooperating on production after their deal on supply cuts expires at the end of this year, Saudi Arabia’s energy minister Khalid al-Falih said on Jan. 21.
At least one European company has shown interest in the undeveloped Gaza Marine Field but Shell's discussions over the field have ground to a halt due to worsening political tensions in the region.
Apache estimated its production in the U.S. was at the high end of its forecast of 218,000 to 224,000 boe/d for the latest quarter, driven primarily by strong growth in the Permian.
Eastern Mediterranean gas could resolve region’s tensions or exacerbate them.