RIYADH, SAUDI ARABIA – The third edition of the Future Minerals Forum (FMF), organized by the Kingdom’s Ministry of Industry and Mineral Resources, has witnessed the signing of several memoranda of understanding (MoUs) between a number of government agencies, companies and institutions. New exploration sites were announced as well as...

Riyadh, Saudi Arabia -- Saudi Arabia Wednesday announced preferred bidders in the fourth series of the licensing rounds conducted as part of the Accelerated Exploration Program designed to leverage the Kingdom's mineral resources in support of the development and growth of the mining sector. The development and growth of the...

Vienna, Austria-- Egypt plans to drill new gas wells in the Mediterranean Sea and the Nile Delta as part of its ambitious $1.8 billion offshore exploration program. According to Tarek El Molla, Egypt's Minister of Petroleum and Mineral Resources, the country is developing several exp fields in the Mediterranean Sea,...

Doha, Qatar-- Qatar is keen to obtain rights for oil and gas exploration in Iraq, according to Iraq's oil minister who was speaking at the Qatar Economic Forum. Iraqi Oil Minister Hayan Abdel Ghani confirmed that Qatar is interested in participating in obtaining rights for oil and gas exploration in...

QatarEnergy will hold the interest in the Exploration and Production Agreement pertaining to the C-10 block, while Shell will hold a 50 percent interest and the Societe Mauritanienne des Hydrocarbures a 10 percent interest. The C-10 block covers an area of approximately 11,500 sq km.

"This very important commitment gives us the opportunity to support Lebanon’s economic development, at this critical juncture. And I want to assure our brothers in Lebanon that Qatar will always be there in support of a better future for Lebanon and its people," he adds.

"It is unfair that many developing countries are demanded not to develop their special resources and to be independent in the field of energy, while they are still in need of development. Many countries see that rich nations are requesting them to stop developing their oil resources," he adds.

Iraq's prime minister appealed to visiting Italian counterpart Giorgia Meloni for closer economic ties with his oil-rich country suffering from power cuts and decaying infrastructure. Meloni, who leads the eurozone's third-largest economy, is on her first bilateral trip outside Europe. She is on a pre-Christmas visit to Italian troops posted...

"There was a small amount of water on the moon, which means there is a lot of water but it has not yet been revealed, and once it is discovered, humans can see it there where oxygen and hydrogen can generate air similar to what exists on Earth, as well...

TRIPOLI, LIBYA - Libya's state energy firm urged its foreign oil and gas partners to resume exploration and production Tuesday assuring them security had begun to improve dramatically after clashes earlier this year. Rival administrations in east and west have vied for power since March, in a standoff that has...

Riyadh, Saudi Arabia— Saudi National Gypsum Co. and El-Khayyat Gypsum are among the eight qualified bidders to compete for an exploration license for gypsum ore at Al-Qasab wells mining site. With an area of 600,00 sq.m., the site is located south of the Nabat Center in Al Madinah Al Munawwarah...

The Cheleken complex, located in the East Caspian Sea in Turkmenistan, is the main producing asset of Dragon Oil.

The UAE has been chosen to lead the Committee on The Peaceful Uses of Outer Space (COPOUS) out of 100 member states.

The new trading office of PTT, Thailand’s largest corporation and the only Thai company listed in Fortune Global 500, was opened in Abu Dhabi Global Market on Thursday. The PTT Chairman, CEO and Board of Directors travelled to Abu Dhabi to mark the milestone, alongside representatives from ADNOC, IFAD and...

A US judge on Thursday canceled the sale of oil and gas exploration leases of some 80 million acres in the Gulf of Mexico, after a coalition of environmentalist groups sued President Joe Biden’s administration to stop the drilling, citing major concerns.

Led by Saeed Mohammed Al Tayer, MD & CEO of Dubai Electricity and Water Authority (DEWA), a group of DEWA officials is on a visit to the United States to strengthen joint relations.

ABU DHABI: The Abu Dhabi National Oil Company (ADNOC) on Tuesday awarded exploration rights for Abu Dhabi’s Offshore Block 5 to a consortium of four Pakistani companies in the emirate’s second competitive block bid round. The consortium is led by Pakistan Petroleum Limited (PPL), Mari Petroleum Company Limited (MPCL), Oil...

The exploration is being carried out by the Khazar Exploration and Production Company, or KEPCO.

*MoU includes possible cooperation in greenhouse gas emissions, carbon management *Equinor involved in the development and production of two gas fields in Algeria Norwegian energy giant Equinor has partnered with Algeria’s state-owned oil company Sonatrach to examine cooperation in global oil and gas exploration and production. The memorandum of understanding...