International

Petrofac to fundraise £200million to pay for SFO bribery settlement

Petrofac has announced a £200million fundraise through share placing in order to help pay a Serious Fraud Office (SFO) fine for bribery offences

Russia close to using natural gas as weapon in Europe gas crunch - Biden energy adviser

U.S. President Joe Biden global energy security adviser said on Monday that Russian President Vladimir Putin is getting close to using natural gas as a political tool if Russia is holding back fuel exports to Europe as it suffers an energy crunch.

Indian refiners willing to join forces for cheaper oil imports

India private oil refiners are willing to work with state-run peers to bargain collectively for better oil import deals, oil minister Hardeep Singh Puri said on Friday, as the nation looks to cut its import bill

UAE preparing Egyptian alternative to Israeli pipeline project

If the Eilat-Ashkelon oil pipeline agreement with the UAE is canceled due to environmental concerns, the project could be switched to Taba in Egypt

ADNOC Drilling jumps over 30% in debut for Abu Dhabi largest IPO

ADNOC Drilling shares jumped more than 30% as the unit of Abu Dhabi oil giant ADNOC started trading on Sunday

Dana Gas awarded $607.5m in case against Iran state oil producer

Dana Gas says a second arbitration against NIOC with a much larger claim is currently under way

Industry Leaders Share their Perspectives on the Energy Future at ATCE 2021

The 97th edition of the Society of Petroleum Engineers Annual Technical Conference and Exhibition (ATCE) opened today in Dubai and virtually

Dragon Oil looks to nearly double production to 300,000 b/d by 2026: CEO

Dragon Oil is eying new developments in Turkmenistan, Iraq and Egypt after having survived the challenges of 2020