"We are committed to keeping the Strait of Hormuz open and secure," Pompeo said.

Russian oil giant Lukoil plans to acquire a 5 percent stake in the Ghasha offshore gas project in the UAE, according to CEO Vagit Alekperov.

Mubadala Petroleum has signed an agreement with Premier Oil to farmout a 20% participating interest in each of the Andaman I and South Andaman Gross Split Production Sharing Contracts (PSCs), in which Mubadala Petroleum is the operator.

The signing of the agreements seek to further advance strategic ties between the UAE and China, opening up new partnership horizons across various fields

ADNOC and CNOOC signed an agreement to collaborate in the upstream and downstream oil and gas sector

ADNOC has signed an agreement with Indonesia's state energy company Pertamina to collaborate in both countries and internationally. Indonesia' foreign ministry said that the partnership could be worth up to $2.5bn.

The Suez Canal and the SUMED Pipeline are strategic routes for Persian Gulf crude oil, petroleum products, and liquefied natural gas (LNG) shipments to Europe and North America.

Russian and Saudi Arabian companies are considering expanding existing energy cooperation to include new joint oil and gas, petchems and nuclear projects,

European signatories to the Iran nuclear deal do not see Tehran's recent moves reducing compliance as significant and do not intend "for now" to trigger the agreement's dispute mechanism

Saudi Arabia's real non-oil growth is expected to strengthen to 2.9 percent in 2019 as government spending and confidence increase, but real GDP growth is projected to slow to 1.9 percent as real oil growth slows to 0.7 percent with the implementation of the OPEC+ agreement.

The Alfanar Group, one of Saudi Arabia’s largest industrial conglomerates, has announced that it will set up a renewable energy office in the UK, through its subsidiary ‘Alfanar Energy UK Ltd.’ The new subsidiary will be headquartered in London, tapping into the UK’s highly skilled workforce and creating up to 30 jobs.

Энергетическое сотрудничество России и ОАЭ активно развивается и обладает колоссальным потенциалом, отметил Александр Новак.

ADNOC Group CEO Dr. Sultan Al Jaber met with Russian Energy Minister Alexander Novak in Moscow as ADNOC looks to expand its partnership and investment base.

McDermott has won two engineering, procurement, construction and installation (EPCI) contracts from Saudi Aramco worth more than $4.5bn for the Marjan Increment Programme.

As part of its larger increment programmes for Marjan and Berri, Saudi Aramco has awarded Saipem two EPCI contracts worth more than $3.5bn.