UAE
News
February 03, 2017
Abu Dhabi’s state energy producer, which is seeking more partners to develop its fields, improved some terms in an oil-production partnership to offer greater returns to international companies, such as BP Plc and Total SA, according to people with knowledge of the matter.
News
January 12, 2017
Crude oil at $50/bbl is too low for most producing countries, according to United Arab Emirates Energy Minister Suhail Al Mazrouei.
News
January 09, 2017
Oil producers from Saudi Arabia to the United Arab Emirates are complying with production cuts promised last year to stabilize the market, Kuwait’s governor to the Organization of Petroleum Exporting Countries said.
News
December 22, 2016
Oil prices may rise even more once investors see that OPEC and other major producers are fulfilling an agreement to cut production to curb the global glut, United Arab Emirates Oil Minister Suhail Al Mazrouei said.
News
December 22, 2016
Ashtead Technology has acquired Abu Dhabi-based TES Survey Equipment Services LLC.
News
December 19, 2016
BP signed an agreement with the Supreme Petroleum Council of the Emirate of Abu Dhabi and the Abu Dhabi National Oil Company (ADNOC) that grants BP a 10% interest in Abu Dhabi’s ADCO onshore oil concession, which has a life of 40 years.
News
December 09, 2016
The Abu Dhabi International Petroleum Exhibition and Conference (ADIPEC) posted continued global success, celebrating a milestone year in its 19th edition, and realizing ongoing industry acclaim from world oil and gas leaders.
News
November 07, 2016
Churchill Drilling Tools, an oilfield service company specializing in downhole tools, has opened a bespoke tooling and service workshop in Abu Dhabi.
News
November 03, 2016
The global oil industry has postponed a “massive” number of projects because of the drop in crude prices, raising the risk of a slump in output and a potential shortfall in supply, the United Arab Emirates Energy Minister Suhail Al Mazrouei said.
News
November 01, 2016
Schlumberger is opening a new reservoir and rock analysis laboratory in Abu Dhabi, UAE. This new laboratory supports customers in the Middle East and Asia and complements the company’s existing regional network of laboratories in Dubai, Qatar, Kuwait and Saudi Arabia.
News
October 26, 2016
Saudi Arabia faces the prospect of much deeper—and financially painful—oil production cuts after Iraq joined the queue of group members seeking immunity from the deal hatched in Algiers.
News
October 06, 2016
Seabed Geosolutions, a joint venture between Fugro and CGG, has secured a new extension to its ongoing shallow water operations in the United Arab Emirates.
News
October 04, 2016
Penspen, a provider of engineering and project management services, has signed an agreement with Matrix Construction to provide modification works at Bab and Asab fields, which lie to the west of Abu Dhabi.
News
October 04, 2016
Abu Dhabi National Oil Co. will combine two offshore oil and natural gas ventures operated with partners including BP and Exxon Mobil, as the U.A.E. producer takes measures to cope with the drop in oil prices over the past two years.
News
September 26, 2016
Reactive Downhole Tools, a supplier of lower completion systems, has completed an oil swellable packer installation in the Middle East for a major operator in Abu Dhabi. At 19,000 m, it’s the longest liner of this size deployed by all parties to date, and a world record for the liner type.
News
August 23, 2016
Packers Plus Energy Services Inc. has announced that it has recently worked with operator Dubai Petroleum Establishment to install and successfully stimulate an offshore carbonate reservoir using an open hole multi-stage ball-drop system.
News
August 10, 2016
Abu Dhabi National Energy Co., the government-controlled utility known as Taqa, reported a wider loss in the second-quarter as lower oil and natural gas prices crimped revenue. The shares fell for the first time this week.
News
June 29, 2016
Abu Dhabi’s proposed merger of two of its largest sovereign investment funds would create a global energy business that produces more oil than OPEC member Libya and with bigger assets than ConocoPhillips.
News
June 05, 2016
The global oil surplus is shrinking faster than expected and has the potential to send crude prices as high as $60/bbl this year, according to Ali Majed Al Mansoori, chairman of the Abu Dhabi Department of Economic Development.
News
May 30, 2016
The United Arab Emirates’s economy minister joined forecasters looking for $60 crude this year with demand and production moving more in line.
News
May 11, 2016
Siemens has shipped its first Industrial Trent 60 gas turbine generator package from its manufacturing facility in Mount Vernon, Ohio, to Abu Dhabi Marine Operating Company's (ADMA-OPCO) Satah Al-Razboot (SARB) offshore oil field project on Zirku Island.
