UAE | Egypt Oil & Gas - Part 15

Aramco, ADNOC to Build Indian Refinery Worth $70 B

The refinery is estimated to produce 1.2 million barrels per day (b/d) on the coast of the western state of Maharashtra at Roha in the Raigad district, about 100 kilometers (60 miles) south of Mumbai.

ExxonMobil Invests $6.5 B in UAE’s Upper Zakum

President and UAE Lead Country Manager of Exxon (Al-Khalij) Inc. Christian G. Lenoble announced that ExxonMobil has invested around $6.5 billion in Upper Zakum oilfield since its involvement in the offshore field ...

Update: Eni Might Consider Dana Gas’s Egyptian Portfolio

Eni is not entirely ruling out a possible interest in the Egyptian assets of Dana Gas, unlike what earlier statements had reported, Eni’s CEO Claudio Descalzi said.

Eni Denies Eyeing Dana Gas’s Egyptian Assets

Italian energy company Eni is not interested in Dana Gas's assets in Egypt, CEO Claudio Descalzi told Bloomberg in an interview.

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).

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.

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