The energy giant is spending nearly $50 billion to expand the Tengiz oil field, allowing it to pump one million barrels a day ...

Oil and gas discovery represents second prominent offshore find made by KOC, state-owned player confirmed in social media ...

A fire at Iraq's Rumaila oilfield was brought under control on Friday, the country's oil ministry said in a statement, adding ...

ERBIL, Kurdistan Region - Kurdistan Region Prime Minister Masrour Barzani said on Thursday that Erbil must be included in the ...

Control over oil and gas has long been a source of tension between Baghdad and the Kurds, with Kirkuk - a region rich in hydrocarbons - at the centre of the dispute ...

FAISAL AL AJMIMUSCAT, JAN 21The 10th edition of the Middle East Artificial Lift Forum (MEALF) commenced its three-day ...

The company’s stock is up 14% since the beginning of this year, compared to only 2% return of the S&P 500 over the same ...

Large field in central Iraq Estimated output of 5,000bpd Pressure to comply with Opec Iraq has announced the ...

Türkiye good fit to engage in oil, gas exploration, refining, and other oil industry activities in Libya, while private sector prioritizes business with Türkiye, says Libyan economy minister - Anadolu ...

As Kuwait prepares to enter a new phase of development, a series of notable achievements have strengthened its position both ...

Yes, the oil they retrieve could become fuel or some other petroleum product, but they generally make money from retrieval via drilling on an oil rig or fracking in gas field—not sales.