UAE Commits to OPEC Oil Production Cut Agreement
The United Arab Emirates (UAE) is committed to the full implementation of the oil production cut agreement with the Organization of the Petroleum Exporting Countries (OPEC).
UAE | Egypt Oil & Gas - Part 15
ADNOC’s Net Profit Goes up 2.3% in 9 Months
ADNOC Distribution, the UAE’s largest fuel and convenience retailer, reported an increase of 2.3% year-on-year (YoY) in net profit during the first nine months of 2019, to stand at AED 1.72 billion.
ADNOC Wins “New Silk Road CEO of the Year Award”
The United Arab of Emirates (UAE) Minister of State and CEO of the Abu Dhabi National Oil Company (ADNOC) has won “New Silk Road CEO of the Year Award” for supporting the continuous supply of energy across the con ...
ADNOC Seeks Bond Issue
Abu Dhabi National Oil Co (ADNOC) is studying the possibility of a bond issue amid low interest rates.
ADNOC Offshore, Weatherford Ink $220 MM Deal
Weatherford International announced that it has signed a $220 million contract with ADNOC Offshore, a subsidiary of the Abu Dhabi National Oil Company (ADNOC).
ADNOC Drills Umm Lulu’s First Offshore Well
ADNOC Drilling has completed the first integrated drilling services well in the Umm Lulu offshore oilfield in Abu Dhabi.
UAE’s Al-Gharbia Pipe Begins Production
Al Gharbia Pipe Company has begun commercial production of large diameter sour grade steel pipes for uses in the construction and energy industries.
Seven Countries Support Libya’s NOC
Seven countries have voiced their official support for the Libyan National Oil Corporation (NOC) in a joint statement.
Dubai to Cut Energy Demand 30% by 2030
Dubai aims at reducing its electricity demand by 30% by 2030, according to the Emirate’s Supreme Council of Energy (SCE).
Dana Gas Repurchases 3.6 MM Shares
Dana Gas has bought back around 3.6 million of the company’s shares on September 22, at an average price of about AED 0.95 per share.
