Abu Dhabi Signs Agreement to Increase Production from Upper Zakum
Abu Dhabi plans to increase the production capacity of its Upper Zakum oilfield to 1 million barrels per day (b/d) by 2024.
News / International
UAE, Oman Indicate Decision on Production Cuts This Month
A decision on extending OPEC’s production-cut agreement with ten other oil producers could be made this month, energy ministers from the UAE and Oman indicated on the sidelines of the Abu Dhabi International Petroleum Exhibition and Conference (ADIPEC).
Aramco CEO: Saudi Aramco to Spend $300B on Upstream Projects
Saudi Aramco is looking to spend approximately $300 billion over the next ten years to expand its upstream operations.
ADNOC Looks to Expand Upstream & Downstream Capacity
The Abu Dhabi National Oil Company (ADNOC) plans to increase its production capacity to 3.5 million barrels per day (b/d).
Houthis Threaten Oil Tankers of “Aggressor” Nations
Yemen’s Houthi rebels once again threatened oil tankers passing along Yemen’s strategic western coast.
ADIPEC Kicks Off Today
The Abu Dhabi International Petroleum Exhibition and Conference (ADIPEC) kicks off today in Abu Dhabi.
Lebanon Still Accepting Technical Proposals Despite Political Uncertainty
Lebanon is continuing to move forward with its exploration licensing for energy deposits in its territorial waters despite the political uncertainty caused by the resignation of its former Prime Minister, Saad El Hariri.
Bahraini Government Links Iran to Pipeline Explosion
The Bahraini government has blamed a pipeline explosion on Iranian-instigated terrorism.
Oman Awards Block 49 to Tethys Oil
Oman will award an exploration concession for Block 49 to Tethys Oil Company.
Saudi Aramco Inks $4.5B in Deals
The state-run Saudi Aramco signed $4.5 billion in deals with international companies.
