UAE | Egypt Oil & Gas - Part 14

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 ...

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 ...

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