UAE
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.
News
April 03, 2017
Shares in Abu Dhabi National Energy Co. soared for a second day amid investor speculation the government will step in after the oil company known as Taqa reported a record $5.2-billion loss.
News
March 30, 2017
Mubadala Development Co., the Abu Dhabi sovereign wealth fund merging with International Petroleum Investment Co., said 2016 profit almost tripled following successful investments in “strategic sectors.”
News
March 30, 2017
Abu Dhabi National Energy Co reported its biggest loss on record as the state-controlled power and oil company wrote down the value of oil assets after prices slumped.
News
February 19, 2017
China National Petroleum Corp. bought a stake in Abu Dhabi’s largest oil concession as the Middle Eastern emirate with 6% of global crude reserves looks increasingly to Asia, its biggest market, for investment to raise output capacity.
News
February 06, 2017
Singapore is considering a range of measures to lure a listing from energy giant Saudi Arabian Oil Co., according to people familiar with the matter, as global exchanges compete for a slice of what could be the world’s largest-ever initial public offering.
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.
