UAE | Egypt Oil & Gas - Part 12

Brooge Energy Subsidiary Contemplating New Senior Secured Bond Issue

Brooge Energy Limited, a midstream oil storage and Service provider in the United Arab Emirates (UAE), has announced its intention to invest up to $325 million in the Nordic bond market.

Hamriyah Free Zone Signs Agreement to Launch Multi-functional Facility

The Director of Hamriyah Free Zone, Saud Salim Al Mazrouei, inked an agreement with Orient Source Hong Kong Group, International Commodity Trader and Project Investor to inaugurate the multi-functional offshore an ...

Egypt Gas Receives Three HSEQ ISO Certificates in UAE

Egypt Gas’s United Arab Emirates (UAE) branch has received three ISO certificates on health, safety, environment, and quality (HSEQ).

Six Arab Countries Reassert Compliance to OPEC+ Deal

The oil Ministers of Saudi Arabia, UAE, Kuwait, Oman, Iraq, and Bahrain reconfirmed their full support for OPEC+ agreement of cutting oil production in order to further speed up rebalance of oil markets.

ADNOC Transfers Concession Rights to CNOOC from CNPC

The Abu Dhabi National Oil Company (ADNOC) has agreed to transfer the rights of Lower Zakum, Umm Shaif, and Nasr offshore from the China National Petroleum Corporation (CNPC) to China National Offshore Oil Corpora ...

APICORP Expects $792 B MEANA Energy Investments in Coming Five Years

Arab Petroleum Investment Corporation (APICORP) have pledged $792 billion for planned energy investments for the time period 2020-2024.

UAE Oil Output Capacity Reaches 4.2 mmbbl/d in April

The UAE, OPEC’s third largest producer, recorded a daily production of 4.2 million barrels of oil per day (bbl/d) in April before the record OPEC+ agreement.

Petrojet Finalizes Trial Operations for Natural Gas Grid in Abu Dhabi

Petrojet announced that it has successfully finalized the trial operations for phase one of the natural gas grid in Abu Dhabi at the United Arab Emirates (UAE).

Fujairah Oil Stocks Rebound to Record High 

Oil product stocks have reached new record levels at the UAE’s East Coast Port of Fujairah due to an increase in heavy fuels used in marine and power industries.

UAE Awards Lamprell Maintenance Contract for Mahani Gas Field

Lamprell has been selected by the UAE’s Sharjah National Oil Corporation (SNOC) to carry out an engineering, procurement, installation and commissioning contract (EPIC) at the Mahani gas and condensate field in Sh ...

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