UAE
News
February 12, 2018
Indian companies agreed to pay $600 million for a stake in one of Abu Dhabi’s biggest offshore oil concessions, securing a share in the emirate’s crude production for the first time.
News
February 07, 2018
The UAE, a model petro-state where crude exports feed a giant sovereign wealth fund, isn’t the most obvious customer for Texan oil.
News
January 22, 2018
Abu Dhabi’s government oil producer received bids in the fourth quarter from international energy companies seeking stakes in offshore fields that pump about 25% of the Persian Gulf emirate’s crude.
News
January 18, 2018
Fugro has commenced a program of geophysical and geotechnical surveys for Artelia, Abu Dhabi as part of the Hail and Ghasha development, a landmark project by the Abu Dhabi National Oil Company (ADNOC).
News
January 15, 2018
Oil traded near the highest close in more than three years as Iraq echoed a call by the United Arab Emirates and other producers for OPEC-led output cuts to continue, despite recent price gains.
News
January 14, 2018
Iraq joined the United Arab Emirates, Qatar and Oman in calling for OPEC and allied producers to stick with their agreement to cut oil output until the end of the year, despite recent price gains.
News
January 09, 2018
The Abu Dhabi National Oil Company (ADNOC) has awarded the two Front End Engineering Design (FEED) contracts for ADNOC’s planned offshore ultra-sour gas mega project, which consists of Hail, Ghasha and Dalma fields.
News
January 03, 2018
To further promote the petrochemical, oil and gas sector of the Hamriyah Free Zone, the Hamriyah Free Zone Authority (HFZA) has signed a strategic partnership with Gulf Publishing Company (GPC), the world’s largest independent media company devoted exclusively to the global energy industry for more than 100 years.
News
January 01, 2018
For as long as Gulf economies rely on oil, crude will be a factor in determining how investors trade regional markets. But right now, politics is king.
News
December 28, 2017
Gulf Arab energy companies issued record debt this year as producers opted to exploit lower borrowing costs to fund expansion plans.
News
December 13, 2017
Investors who bet on exposure to Middle East oil got it right, at least on the first trading day of shares in a unit of Abu Dhabi’s oil giant.
News
November 26, 2017
Abu Dhabi National Oil Co. is seeking to raise as much as $2 billion from the initial public offering of its fuel-retailing unit in an IPO that could be the biggest in the United Arab Emirates in 10 years.
News
November 20, 2017
Abu Dhabi National Oil Co. plans to sell as much as 20% of its fuel-distribution unit weeks after Saudi Arabia’s corruption crackdown deterred investors from the Middle East’s biggest share sale of the year.
News
November 20, 2017
OPEC needs to extend limits on oil output to help cut global supply, but isn’t considering making deeper cuts.
News
November 14, 2017
OPEC and allied oil producers should extend their production cuts beyond March to help re-balance the market, the United Arab Emirates said, adding weight to a gathering consensus for longer reductions in output among participants in the global accord.
News
September 25, 2017
Statoil ASA is among producers involved in discussions with the Abu Dhabi National Oil Co. about joining offshore production in the emirate, according to a Norwegian diplomatic dispatch.
News
August 17, 2017
Qatar’s economy will expand this year at the slowest pace since 1995, according to economists surveyed by Bloomberg this month, as the impact of a Saudi Arabia-led boycott is felt on trade and investor confidence.
News
August 09, 2017
OPEC said Iraq, the United Arab Emirates and Kazakhstan -- who have lagged in their implementation of a deal to cut production -- affirmed their commitment to the accord at a meeting in Abu Dhabi.
News
August 03, 2017
Adnoc asked banks for proposals to manage the sale of a project bond and is also seeking a loan as the government-owned energy producer considers raising as much as $7 billion for its businesses.
News
July 27, 2017
Kuwait joined the United Arab Emirates in promising to pump less oil after Saudi Arabia called on fellow OPEC producers to cut more supply to help curb the global glut.
News
July 25, 2017
The United Arab Emirates reiterated its commitment to the OPEC agreement on production cuts and said it would deepen its own curbs.
