UAE
News
June 04, 2015
Never mind cutting output to staunch a global glut, the talk so far at this week’s OPEC summit is mostly about pumping more oil.
News
June 02, 2015
Abu Dhabi will be at least a year late in boosting its crude-production capacity to a record 3.5 MMbpd, according to officials at the state-owned oil company.
News
May 07, 2015
As the oil industry tightens its belt after the worst price slump in a generation, the state-owned giants of the Middle East are taking the opposite tack.
News
April 28, 2015
National Drilling Company (NDC) of Abu Dhabi has exercised one of its existing options and awarded a contract to Lamprell for the construction and delivery of a high-specification jackup drilling rig.
News
April 27, 2015
TOKYO -- Inpex Corporation has acquired a 5% participating interest in the ADCO Onshore Concession in Abu Dhabi, the Tokyo-based company said Monday.
News
March 18, 2015
Mubadala Petroleum has signed an agreement with Morocco’s Office National des Hydrocarbures et des Mines (ONHYM) to carry out an evaluation of the hydrocarbon potential of a large area offshore Morocco’s Mediterranean coast.
News
March 10, 2015
Wintershall and its partner ADNOC have presented the German Federal Minister of Economic Affairs, Sigmar Gabriel, in Abu Dhabi with the first piece of a drill core from the joint natural gas and condensate field Shuwaihat.
News
March 10, 2015
Oil production from OPEC remained below the group's 30 MMbpd ceiling for a second consecutive month in February as lower volumes from Libya and Nigeria more than offset increases from several other countries, a Platts survey of OPEC and oil industry officials and analysts showed Friday.
News
February 16, 2015
The surplus in global crude supply is less than the 1.8 MMbopd Kuwait estimated it to be last month, and prices will continue to recoup losses, Oil Minister Ali Al-Omair said.
News
February 11, 2015
Abu Dhabi is seeking about $7 billion in payments from foreign companies for production stakes still to be awarded in the emirate’s biggest onshore oil fields, two people with knowledge of the situation said.
News
February 11, 2015
TAM International has recently hired Scott Myers as Middle East Manager and Edward Wharam as Country Manager for Indonesia and Malaysia.
News
February 10, 2015
Occidental Petroleum, the second- largest independent U.S. oil producer, agreed to a $500 million oil exploration project with Abu Dhabi over two years.
News
February 09, 2015
DUBAI (Bloomberg) -- Abu Dhabi National Oil is seeking final bids by Feb. 10 for concessions to the emirate’s largest onshore fields, said Abdullah Nasser Al Suwaidi, director general of the state-owned company.
News
February 05, 2015
Inpex Corp., through its wholly owned subsidiary, Japan Oil Development Co., commenced oil production from Nasr field, offshore Abu Dhabi, the United Arab Emirates, on Jan. 24.
News
February 05, 2015
Rod Starr has now assumed the role of CEO of Polarcus, the company has confirmed.
News
February 04, 2015
ABU DHABI (Bloomberg) -- Abu Dhabi, the desert emirate holding about 6% of the world’s oil, cut export prices for its crude for the seventh consecutive month and to the lowest since 2009 amid a global price slump.
News
February 04, 2015
DUBAI -- Lamprell has completed construction on the jackup rig 'Jindal Pioneer' and its delivery to Dev Drilling of Singapore, a D. P. Jindal Group, on time and within budget.
News
January 29, 2015
Total has signed a new 40-year onshore concession agreement that covers the fifteen principal onshore oil fields of Abu Dhabi and represents more than half of the Emirate’s production.
News
January 26, 2015
The United Arab Emirates will continue building and upgrading its oil facilities to maintain its role as a major producer amid the decline and volatility in prices, Energy Minister Suhail Al Mazrouei said.
News
January 21, 2015
ABERDEEN, United Kingdom -- Deep Casing Tools has announced the establishment of new branch office in the Jebel Ali Free Zone (JAFZA) area in the United Arab Emirates.
News
January 14, 2015
KUWAIT CITY and ABU DHABI (Bloomberg) -- Oil oversupply that sent prices to a five-year low will probably persist until at least the second half when demand is set to recover, according to Kuwait’s oil minister and the OPEC governor of the United Arab Emirates. Faster global economic growth will be needed to help absorb the oil surplus estimated at 1.8 MMbpd, Kuwait Oil Minister Ali Al-Omair told reporters in parliament. A demand-led recovery is seen in the second half, the U.A.E.’s Governor to OPEC Ali Al Yabhouni told reporters in Abu Dhabi.
