UAE, Algeria Committed to OPEC+ Deal

• Wednesday, 7th October 2020
• by Editorial Team

The United Arab Emirates (UAE) has reaffirmed its commitment to the Organization of Petroleum Countries and its allies (OPEC+) output deal despite rising domestic needs, according to S&P Global. Suhail Mazrouei, t...

ADNOC L&S Signs Agreement to Service Petroleum Ports

• Monday, 28th September 2020
• by Editorial Team

ADNOC Logistics and Services (ADNOC L&S), a shipping and maritime subsidiary of the Abu Dhabi National Oil Company (ADNOC), has signed a 25-year agreement to provide critical marine services across all petroleum p...

ADNOC Distribution Opens 3 New Service Stations

• Thursday, 24th September 2020
• by Editorial Team

ADNOC Distribution, the UAE’s leading fuel and convenience retailer, has opened three new service stations in Dubai at Jafaliya, Nad Al Sheba, and Studio City, according to WAM. The three new stations brings the total...

Global Oil Supply Rises to 90 mmbbl/d After Termination of Voluntary Cuts 

• Wednesday, 16th September 2020
• by Editorial Team

The International Energy Agency’s (IEA) monthly report has found that global oil supply has increased by 2.5 million barrels of oil per day (mmbbl/d) to 90 mmbbl/d after the cessation of voluntary cuts by Saudi ...

ADNOC Completes $1 B Institutional Placement for Distribution Business

• Monday, 14th September 2020
• by Editorial Team

Abu Dhabi National Oil Company (ADNOC) has announced the successful completion of a placement to institutional investors of 1.25 billion shares in ADNOC Distribution amounting to 10% of ADNOC Distribution’s total shar...

Novatek Ships First LNG Cargo to UAE

• Sunday, 30th August 2020
• by Editorial Team

Novatek, Russia’s largest independent oil and gas producer, has confirmed the arrival of the company’s first liquefied natural gas (LNG) cargo to the United Arab Emirates (UAE), according to a press release. The cargo...

Weir Signs Strategic Contract in UAE

• Tuesday, 25th August 2020
• by Editorial Team

Weir Oil & Gas Dubai has signed a three-year agreement for servicing and repairing pumps and motors with a United Arab Emirates (UAE) company, according to a press release. The contract stipulates Weir Oil & G...

Brooge Energy Subsidiary Contemplating New Senior Secured Bond Issue

• Tuesday, 11th August 2020
• by Editorial Team

Brooge Energy Limited, a midstream oil storage and Service provider in the United Arab Emirates (UAE), has announced that its wholly-owned subsidiary, Brooge Petroleum and Gas Investment Company FZE (BPGIC), is pursui...

Hamriyah Free Zone Signs Agreement to Launch Multi-functional Facility

• Monday, 10th August 2020
• by Fatma Ahmed

The Director of Hamriyah Free Zone, Saud Salim Al Mazrouei, inked an agreement with Orient Source Hong Kong Group (OSHK), International Commodity Trader and Project Investor to inaugurate a multi-functional offshore a...

Egypt Gas Receives Three HSEQ ISO Certificates in UAE

• Sunday, 9th August 2020
• by Editorial Team

Egypt Gas’s United Arab Emirates (UAE) branch has received three ISO certificates on health, safety, environment, and quality (HSEQ), according to a statement. The company received ISO 9001: 2015 for quality managemen...