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.
UAE | Egypt Oil & Gas - Part 13
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 ...
Saudi Arabia, Russia Cooperate Over Oil Market
Prince Abdulaziz bin Salman bin Abdulaziz, the Minister of Energy, and the Minister of Energy for the Russian Federation Alexander Novak are in constant contact on the developing oil market situation.
UAE to Voluntary Cut Production by 2.5% in June
UAE’s Minister of Energy, Suhail bin Mohammed Faraj Faris Al-Mazrouei, announced that the UAE will voluntarily cut its oil output by 2.5% (100,000 barrels per day (bpd)) in June to rebalance the global oil market ...
ADNOC Restarts Ruwais Refinery
Abu Dhabi National Oil Company (ADNOC) has embarked on a gradual restart of its oil refinery complex after scheduled maintenance.
Brooge Energy Delays Issuance of Dividends
Brooge Energy Limited, a midstream oil storage and service provider in the UAE, has announced delay in issuance of dividends due to the market uncertainty.
Dana Gas Approves 5.5 Fils Cash Dividend
Shareholders at Dana Gas, the Middle East’s largest private sector natural gas company, announced its decision to distribute AED 5.5 fils per cash dividend for the 2019 financial year.
OPEC+ Decisions Could Curb Oil Supply by 20%
The Organization of the Petroleum Exporting Countries and its allies (OPEC+) announced yesterday to cut oil production by 10 million barrels per day (mmbbl/d) effectively from May 1 through June 30, curbing global ...
