UAE | Egypt Oil & Gas - Part 16
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 Corporation...
APICORP Expects $792 B MEANA Energy Investments in Coming Five Years
Arab Petroleum Investment Corporation (APICORP) have estimated $792 billion for planned energy investments for the time period 2020-2024, according to a press release. This new figure represents a $173 billion decreas...
UAE Oil Output Capacity Reaches 4.2 mmbbl/d in April
The United Arab Emirates (UAE), OPEC’s third largest producer, recorded a daily production of 4.2 million barrels of oil per day (mmbbl/d) in April before the record OPEC+ agreement, according to The National. UAE’s...
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), according to a press release issued by the company. The ...
Fujairah Oil Stocks Rebound to Record High
Oil product stocks have reached new record levels at the United Arab Emirates (UAE)’s East Coast Port of Fujairah due to an increase in heavy fuels used in marine and power industries, according to WAM. The total stoc...
UAE Awards Lamprell Maintenance Contract for Mahani Gas Field
Lamprell has been selected by the United Arab Emirates’ (UAE) Sharjah National Oil Corporation (SNOC) to carry out an engineering, procurement, installation, and commissioning contract (EPIC) at the Mahani gas a...
Saudi Arabia, Russia Cooperate Over Oil Market
Prince Abdulaziz bin Salman bin Abdulaziz, the Minister of Energy, and Alexander Novak, the Minister of Energy for the Russian Federation, discussed in a phone call the new developments of the oil market situation, ac...
UAE to Voluntary Cut Production by 2.5% in June
The United Arab Emirates (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 (bbl/d)) in June to rebalan... 
