UAE
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.
News
July 21, 2017
The United Arab Emirates Energy Minister Suhail bin Mohammed al-Mazroui said on Friday he hopes that global supplies will start tightening in the second half of the year when demand picks up.
News
July 05, 2017
Foreign ministers from Egypt, Saudi Arabia, the United Arab Emirates and Bahrain on Thursday started a meeting in Cairo on the Qatar crisis, hours before a deadline for Doha to meet demands set by the four Arab nations, an Egyptian Foreign Ministry official told Reuters.
News
July 04, 2017
Qatar Petroleum is taking “legal actions” after Abu Dhabi National Oil Co. declared force majeure to halt shipments of condensate, a light oil liquid, from Qatar, according to QP CEO Saad Sherida Al Kaabi.
News
July 04, 2017
Qatar Petroleum, the largest producer of liquefied natural gas, plans to increase output by 30% within seven years, a step that would entrench the Gulf nation’s role as a major energy supplier amid a boycott by a Saudi-led coalition of countries.
News
June 30, 2017
As Saudi Arabia leads three other Arab nations in accusing Qatar of links to terror groups and being too close to Iran, one thing is becoming increasingly clear in the oil market: tensions have yet to reach a point where the world’s biggest crude exporter is disrupting its tiny neighbor’s shipments.
News
June 28, 2017
Oil price agency S&P Global Platts is proposing to remove from next month restrictions it had placed on Qatari crude in its pricing assessment after Saudi Arabia and some other Arab states cut ties with Doha, a spokeswoman said on Wednesday.
News
June 08, 2017
When it comes to natural gas shipments, the United Arab Emirates needs Qatar more than Qatar needs the UAE.
News
May 11, 2017
Dana Gas PJSC profit nearly doubled in the first quarter as the United Arab Emirates-based natural gas producer boosted output.
News
May 11, 2017
Abu Dhabi National Energy Co. is considering boosting investments in existing oil and natural gas assets that may increase production from Canada to Iraq after posting its first quarterly profit since 2015. The shares climbed the most in five weeks.
News
May 02, 2017
OPEC and allied oil producers should extend their collective production cuts into the second half of the year when an expected upturn in demand will help to re-balance the crude market, United Arab Emirates Energy Minister Suhail Al Mazrouei said.
News
May 01, 2017
The United Arab Emirates is cutting back supplies to customers in June as part of its agreement with OPEC to curb production.
News
April 25, 2017
Abu Dhabi National Energy Co. had its credit rating cut one level to A- by Standard & Poor’s, which cited what it sees as increased risks to state support for the utility known as Taqa.
News
April 19, 2017
Abu Dhabi National Energy is generating cash from overseas oil and natural gas operations and wants to sell some higher-cost wells in North America after reporting a record $5.2 billion loss last year.
News
April 12, 2017
Mubadala Development Co., the Abu Dhabi sovereign wealth fund merging with International Petroleum Investment Co., raised $1.5 billion through a dual-tranche bond after receiving almost four times that amount in bids, people familiar with the matter said.
