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 | Egypt Oil & Gas - Part 13
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 ...
Fuel Stockpiles Jumps to Record High at Fujairah Port
Fuel stockpiles at the Fujairah Port recorded an increase of 7% on April 9, signaling a dwindling storage space for oil products in the region after the demand decline due to the coronavirus pandemic.
ENOC’s Energy-Efficient Station Reaches a Milestone
Emirates National Oil Company’s (ENOC) LEED Gold certified service station has completed 40% of its construction and will be open to the public in June,
ADNOC to Expand CCUS Program
His Excellency Sultan Ahmed Al Jaber, UAE Minister of State and Abu Dhabi National Oil Company (ADNOC) CEO announced that the company is expanding its carbon capture utilization and storage (CCUS) program.
Eni Discovers Natural Gas, Condensates in UAE
Italian giant, Eni has succeeded in making a natural gas and condensates discovery in the Mahani concession, which is located in Sharjah in the UAE.
