Energy Industry

Mar 24, 2017

Cyprus: gas search will continue despite Turkish 'threats'

Cyprus says a search for oil and gas off its shores will "resolutely continue" after Turkey said that it would "take all necessary measures" to protect its own interests and those of breakaway Turkish Cypriots in the eastern Mediterranean


Mar 14, 2017

Eni official: huge gas find off Egypt sign of maybe more

The discovery of a huge natural gas deposit in Egyptian waters has boosted hopes of other such finds in the eastern Mediterranean that could help meet Europe's energy needs, a senior official with Italian oil and gas company Eni said Tuesday


Mar 12, 2017

Libya's deepening split finds battleground at oil terminals

The fight for Libya's Ras Lanuf refinery and nearby Sidr depot threatens to spiral into open conflict between rival factions vying for power from east and west


Feb 28, 2017

IMF says Iran rebounds after nuclear deal, but danger looms

IMF: Iran's economy rebounds after nuclear deal but uncertainty looms over future sanctions, domestic bank problems


Feb 20, 2017

US Defense Secretary Mattis: US will stay in Iraq a while

U.S. Defense Secretary Jim Mattis says he believes U.S. forces will be in Iraq and in the fight against Islamic State militants for a while, despite some rocky times between the two nations


Feb 20, 2017

CEFC China Energy wins 4 percent stake in UAE oil project

The United Arab Emirates' main state oil company has agreed to give CEFC China Energy a 4 percent stake in a major onshore oil project a day after awarding a minority stake to another Chinese company


Feb 19, 2017

UAE seals deal with China's CNPC for onshore oil project

The United Arab Emirates' main state oil company has signed a deal giving China National Petroleum Company an 8 percent stake in a major onshore oil project


Feb 19, 2017

Iraq says proven oil reserves rise to 153 billion barrels

Iraq says new exploration has revealed an additional 10 billion barrels of oil, bringing its total proven reserves to 153 billion barrels


Feb 19, 2017

1 killed, 3 injured in Saudi Aramco oil pipeline leak

Saudi oil giant Saudi Aramco says one person has been killed and three others injured as a result of an oil pipeline leak in the east of the kingdom


Jan 31, 2017

Official: American oil companies face no ban by Iran

Iran's oil minister says there is no ban on American companies working in Iran's oil industry