BG Group provided an update on its strategy in the gas and LNG market which will help the company achieve its goals.

Sonatrach is looking to invest US$68 billion in the country's energy sector over the next four years, according to its chief executive.

Kuwait Energy and National Oilwell Varco (NOV) have both reported higher Q4 revenues, rising 27 per cent and 30 per cent respectively.

Emerson Process Management has signed a Memorandum of Understanding (MoU) with the Petroleum Institute of Abu Dhabi (PI), to support the PI engineering programs through technology transfers, and development programs that bring industry and academia together.

Exxon Mobil's Q4 earnings edged up 1.6 per cent as high oil prices offset impacts from lower production and weak refining margins.