The Syrian crisis has entered a new stage now that the regime has “won” the conflict. The main actors in this civil war are asserting their presence in various areas while continuing to battle for other parts of Syria that remain contested. Divided between Europe and Russia, the international community is thinking about rebuilding Syria’s devastated economy. But stakeholders committed to rebuilding the country continue to disagree over the means to restore the Syrian economy to its pre-war status, return"...

BEIRUT (Reuters) - Syria received its first foreign oil supplies for six months last week, with the arrival of two shipments including one from Iran, a source familiar with Iranian oil shipments said, easing the war-torn country’s fuel crisis.

The oil was delivered in two tankers, one sent by Iran, the other by an unnamed businessman, the source added.

Syria has"...

Oil prices have fallen for the third straight week as fears the US-China trade war escalation threatens global demand with a gloomy outlook for commodities.

Benchmark Brent was trading at $70.62 per barrel on Saturday, while West Texas Intermediate, largely used to track North American crude fell to $61.66 per barrel.

Brent's decline follows an earlier spike to $75"...

US-based McDermott International said it has been awarded a sizeable contract by Adnoc Refining to provide front-end engineering design (FEED) services for the Refinery Offgases (ROG) project at the Ruwais Refinery in Abu Dhabi, UAE.

The scope of work in the concept study phase includes evaluating various technology configurations and options for the recovery of hydrogen, ethane and sales-grade LPG or C3 and C4. The ROG FEED services will be used as the basis for the preparation of the engineering, procurement"...

Byrne Equipment Rental has further enhanced its “one stop equipment rental” offering with the launch of its new climate control division as part of its ongoing regional expansion strategy.

One of the largest industrial equipment rental companies in the Middle East, Byrne pointed out that in the weeks and months ahead, this unit will be rolled out in its 20 strong network of offices and depots across the UAE, Saudi Arabia, Kuwait, Qatar, Oman and Bahrain to complement its growing equipment rental fleets....

AMMAN — Initial digging results at Well 48 in the Risha Field, eastern Jordan, show potential for increased production, the National Petroleum Company (NPC) announced on Tuesday.

Final results will be announced in May after a conclusive comprehensive assessment of the well is completed, according to an NPC statement.

The company said that it had finished digging"...

HOUSTON: Anadarko Petroleum Corp’s board on Monday backed a $38 billion bid from Occidental Petroleum Corp, adding pressure on rival Chevron Corp to raise its offer or walk away from the takeover contest.
The decision capped a series of moves by Occidental to finance and reduce hurdles before its $38 billion deal after Anadarko balked at several earlier offers.
Occidental received the board’s endorsement after raising $18.8 billion in cash pledges that allowed it to avoid a vote by its shareholders"...

Reliance Industries, controlled by India's richest man Mukesh Ambani, is progressing on its plans to launch an e-commerce venture that would compete with online giants Amazon and Walmart-owned Flipkart.

The oil-focused conglomerate - which reported annual revenue for the financial year until the end of March 2019 of $87 billion - has diversified interests ranging from telecoms to real estate. Its planned entry into the e-commerce space is being"...

Italian multinational oil and gas company Eni has signed an exploration and production-sharing agreement (EPSA) with the National Oil and Gas Authority of Bahrain (NOGA) for Block 1.

The signing took place in the presence of Sheik Mohamed Bin Khalifa Al Khalifa, Minister of Oil of Bahrain and Chairman of the board of directors in NOGA, and Claudio Descalzi, Chief Executive Officer of Eni.

Under the terms of the agreement, Eni will pursue exploration activities in the offshore area of over 2,800 km2,"...