OMV | Egypt Oil & Gas

OMV Awards One-Well Exploration Contract to Maersk Drilling

Using Maersk Intrepid, it will drill a high pressure, high temperature exploration well in the Oswig prospect in Block 30/5C of the Northern North Sea basin offshore Norway.

ADNOC Launches AGT for Trading Refined Products

The Abu Dhabi National Oil Company (ADNOC) announced the official launch of its second trading arm ADNOC Global Trading (AGT), a joint venture (JV) between ADNOC, Eni and OMV, with shares of 65%, 20% and 15% respe ...

ENI, ADNOC Refining Set Up New Trading JV

Eni announced that it has acquired a 20% equity interest in ADNOC Refining, a subsidiary of the Abu Dhabi National Oil Company (ADNOC), as part of a $3.24 billion strategic partnership agreement.

UAE, Indonesia Agree Deals Worth $9.7 B

Emirati and Indonesian companies signed agreements worth a total of $9.7 billion during a state visit by the Abu Dhabi Crown Prince Mohammed bin Zayed to Indonesia.

ADNOC Inks MoUs with OMV

ADNOC inked two memoranda of understanding (MoUs) with OMV to cooperate in developing the downstream sector.

ADNOC Inks Refining and Trading Agreement with Eni, OMV

ADNOC inked on January 27 two new agreements with Eni and OMV for refining and new trading JV which will be jointly established by the three companies.

OMV Begins Offshore UAE Oil Production

Austrian OMV has started oil production from the SARB and Umm Lulu fields off the coast of Abu Dhabi, and expects to produce 25,800 barrels per day (b/d) before the end of 2018.

ADNOC to Sell Minority Stake in Refining Business

Abu Dhabi National Oil Company (ADNOC) is reportedly looking to sell a minority stake in its refining business, and is in advanced negotiations with multiple potential buyers including Italy’s Eni.

ADNOC, Austrian OMV Close $1.5B Offshore Deal

Abu Dhabi National Oil Company (ADNOC) has agreed the sale of two stakes in offshore blocks worth $1.5 billion to Austrian OMV.

South Yemen Oil Production May Resume in April

Austrian oil company OMV has signaled that oil production could resume in south Yemen in April 2018.

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