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Bahri to set up JV company with Suez Canal Authority

National Shipping Company of Saudi Arabia (Bahri) is exploring possibilities with the Suez Canal Authority (SCA) on establishment of a joint Egyptian-Saudi shipping company. Namely, the two sides sealed a strategic agreement on cooperati...

22/01/2016 Read

Iran: Business eyes new opportunities

Oil With the fourth biggest reserves of oil in the world, Iran is a potential bonanza for oil companies. France's Total said that it is "eager" to return to work in Iran, where it has a long history. Italy's Eni was one of...

21/01/2016 Read

Vietnam claims China’s rig drilling in disputed waters

Vietnam’s Ministry of Foreign Affairs (MOFA) has warned China to withdraw its drilling rig from the disputed sector of the South China Sea. China quickly responded that the rig was not located in the disputed waters and urged Vietnam to me...

21/01/2016 Read

Norway offers 56 offshore licenses

Norwegian Ministry of Petroleum and Energy has offered 56 exploration licenses on the Norwegian Continental Shelf (NCS) in its latest licensing round.   The Awards in Pre-defined Areas 2015 (APA 2015) licensing round opened in...

20/01/2016 Read

BG Group production grows 16% in 2015

British oil and gas company BG Group expects to post full year E&P production volumes at an average of 704 thousand barrels of oil equivalent per day in 2015, around 16% higher than 2014. In its operational update on Wednesday, the c...

20/01/2016 Read

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